Christopher Beals - 23 Aug 2022 Form 4 Insider Report for WM TECHNOLOGY, INC. (MAPS)

Signature
Christopher Beals, by /s/ Ron A. Metzger, Attorney-in-Fact
Issuer symbol
MAPS
Transactions as of
23 Aug 2022
Net transactions value
-$121,045
Form type
4
Filing time
24 Aug 2022, 20:16:56 UTC
Previous filing
19 May 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MAPS Class A Common Stock Sale $121,045 -45,655 -6.5% $2.65 656,638 23 Aug 2022 Direct F1, F2
holding MAPS Class V Common Stock 6,166,819 23 Aug 2022 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person sold the number of shares of common stock necessary to cover applicable tax withholding obligations realized upon the vesting of restricted stock units, as well as any related brokerage commission fees.
F2 Price reported is a weighted-average sales price. The shares were sold in a bulk lot beginning on August 22, 2022 (but not allocated until August 23, 2022) on behalf of certain employees of the Issuer, including the Reporting Person, at prices ranging from $2.52 to $2.88.
F3 These shares of Class V common stock ("Class V Common Stock") of the Issuer (as defined below) provide no economic rights in the Issuer to the holder thereof. However, each holder of Class V Common Stock will be entitled to vote with the holders of Class A common stock ("Class A Common Stock") of the Issuer, with each share of Class V Common Stock entitling the holder to a number of votes equal to the number of Post-Merger Class A Units (as described in footnote 4 below) held by such Class V Common Stock holder at the time of such vote.
F4 Post-Merger Class A Units represent non-voting limited liability company interests of WM Holding Company, LLC. Pursuant to the terms of an exchange agreement, these Class A units and an equivalent number of shares of Class V Common Stock are exchangeable on a one-for-one basis for shares of Class A Common Stock. These exchange rights do not expire.