Filing Details

Accession Number:
0001209191-22-047412
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-08-24 20:16:56
Reporting Period:
2022-08-23
Accepted Time:
2022-08-24 20:16:56
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1779474 Wm Technology Inc. MAPS Services-Prepackaged Software (7372) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1857244 Christopher Beals C/O Wm Technology, Inc.
41 Discovery
Irvine CA 92618
Chief Executive Officer Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Disposition 2022-08-23 45,655 $2.65 656,638 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class V Common Stock 6,166,819 Direct
Footnotes
  1. 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.
  2. 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.
  3. 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.
  4. 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.