Key facts
- This page summarizes Ajay Asija's Form 4 filing for BM Technologies, Inc..
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 03 Feb 2025, 08:30.
Ajay Asija - 31 Jan 2025 Form 4 Insider Report for BM Technologies, Inc.
- Reporting relationship
- Chief Financial Officer
- Issuer ticker
- N/A
- Reported as of
- 31 Jan 2025
- Net transaction value
- -$750,000
- SEC form
- 4
- Accepted by SEC
- 03 Feb 2025, 08:30:09 UTC
- Prior SEC filing
- 16 Apr 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Ajay Asija, by Louis Adimando, as attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Ajay Asija filed Form 4 for BM Technologies, Inc. on 03 Feb 2025.
Change
- Previous filing in this sequence was filed on 16 Apr 2024.
- Current net transaction value: -$750,000.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
BMTX
transaction
Derivative
Performance-Based Restricted Stock Unit
Disposed to Issuer
- Transaction value
- $750,000
- Shares
- -150,000
- Change %
- -100%
- Price
- $5.00
- Shares after
- 0
- Date
- 31 Jan 2025
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 150,000
- Exercise price
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Ajay Asija is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote F1
On January 31, 2025, pursuant to the Agreement and Plan of Merger, dated October 24, 2024 (the "Merger Agreement"), between Issuer, First Carolina Bank ("Parent") and Double Eagle Acquisition Corp., Inc. ("Merger Sub"), Merger Sub merged with and into the Issuer, with Issuer continuing as the surviving corporation and wholly-owned subsidiary of the Parent (the "Merger").
Footnote F2
On January 31, 2025, pursuant to the Merger Agreement, each share of Issuer Restricted Stock Units and Performance-Based Restricted Stock Units, other than certain excluded Issuer stock awards ("Eligible Company Stock Award"), whether or not vested, was automatically cancelled and converted into the right to receive an amount in cash equal to the product of (i) $5.00 and (ii) the total number of shares of Eligible Company Stock Award.
Footnote F3
On April 6, 2024, the Reporting Person was granted an award of 150,000 performance-based restricted stock units, each of which represented the right to receive one share of the Issuer's common stock over a three- to five-year performance period ending on February 5, 2029. The portion reported was to vest based upon the Issuer achieving certain levels of market capitalization and EBITDA. In connection with the Merger, the performance-based restricted stock units were cancelled and converted into the right to receive cash in the amount described in footnote 2.