Luvleen Sidhu - Mar 24, 2023 Form 4 Insider Report for BM Technologies, Inc. (BMTX)

Role: Chief Executive Officer, Director
Signature: s/ Luvleen Sidhu, by Alex Reilly pursuant to power of attorney filed on 4/26/2023
Stock symbol: BMTX
Transactions as of: Mar 24, 2023
Transactions value $: $0
Form type: 4
Date filed: 4/26/2023, 06:01 PM
Previous filing: Jan 9, 2023
Next filing: May 16, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BMTX	Restricted Stock Unit	Award	$0	+100K	+77.3%	$0.00	229K	Mar 24, 2023	Common Stock	100K		Direct	F1
transaction	BMTX	Performance Based Restricted Stock Unit	Award	$0	+50K	+60%	$0.00	133K	Mar 24, 2023	Common Stock	50K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	One-fourth of the restricted stock unit award will vest in full as of each of the first, second, third and fourth anniversaries of the March 31, 2023 vesting commencement date, subject to the Reporting Person's continued employment with the Issuer, until fully vested on March 31, 2027. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock upon vesting of the unit.
F2	Constitutes a portion of an award of Performance-Based Restricted Stock Units (PBRSUs), each of which represents the right to receive one share of the Issuer's common stock over a five-year performance period ending on March 31, 2028. The portion reported vests based upon the Issuer achieving certain levels of market capitalization.

Content

One-fourth of the restricted stock unit award will vest in full as of each of the first, second, third and fourth anniversaries of the March 31, 2023 vesting commencement date, subject to the Reporting Person's continued employment with the Issuer, until fully vested on March 31, 2027. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock upon vesting of the unit.

Constitutes a portion of an award of Performance-Based Restricted Stock Units (PBRSUs), each of which represents the right to receive one share of the Issuer's common stock over a five-year performance period ending on March 31, 2028. The portion reported vests based upon the Issuer achieving certain levels of market capitalization.