Beals Christopher 4
4 · WM TECHNOLOGY, INC. · Filed Aug 24, 2022
Insider Transaction Report
Form 4
Beals Christopher
DirectorChief Executive Officer
Transactions
- Sale
Class A Common Stock
2022-08-23$2.65/sh−45,655$121,045→ 656,638 total
Holdings
- 6,166,819
Class V Common Stock
Footnotes (4)
- [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.