Rajinder Singh - Jun 30, 2023 Form 4 Insider Report for BM Technologies, Inc. (BMTX)

Role
Co-Chief Executive Officer
Signature
/s/ Rajinder Singh, by Peter Strand pursuant to power of attorney filed on 6/30/2023
Stock symbol
BMTX
Transactions as of
Jun 30, 2023
Transactions value $
$0
Form type
4
Date filed
6/30/2023, 05:32 PM
Previous filing
Feb 15, 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 +250K $0.00 250K Jun 30, 2023 Common Stock 250K Direct F1
transaction BMTX Performance Based Restricted Stock Unit Award $0 +125K $0.00 125K Jun 30, 2023 Common Stock 125K 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.

Remarks:

Exhibit List- Power of Attorney