Francis Douglas 4/A
4/A · WM TECHNOLOGY, INC. · Filed May 10, 2023
Insider Transaction Report
Form 4/AAmended
Francis Douglas
DirectorChief Executive Officer10% Owner
Transactions
- Other
Class A Common Stock
2023-01-05−481,927→ 4,792,347 total
Holdings
- 12,431,818
Class V Common Stock
- 8,469,191(indirect: By LLC)
Class V Common Stock
- 1,468,555(indirect: By LLC)
Class V Common Stock
- 600,618(indirect: By LLC)
Class V Common Stock
Footnotes (6)
- [F1]On January 5, 2023, the Issuer granted 481,927 restricted stock units to the Reporting Person, which the Reporting Person subsequently declined on May 8, 2023, and the Issuer rescinded.
- [F2]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 3 below) held by such Class V Common Stock holder at the time of such vote.
- [F3]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.
- [F4]Shares are held directly by Ghost Media Group, LLC ("Ghost Media") which is controlled by Mr. Francis. Accordingly, Mr. Francis may be deemed to be a beneficial owner of the shares held by Ghost Media.
- [F5]Shares are held directly by WM Founders Legacy I, LLC ("WM Founders") which is controlled by Mr. Francis. Accordingly, Mr. Francis may be deemed to be a beneficial owner of the shares held by WM Founders.
- [F6]Shares are held directly by Genco Incentives, LLC ("Genco") which is controlled by Mr. Francis. Accordingly, Mr. Francis may be deemed to be a beneficial owner of the shares held by Genco.