Francis Douglas 4
4 · WM TECHNOLOGY, INC. · Filed Jan 3, 2025
Insider Transaction Report
Form 4
Francis Douglas
DirectorChief Executive Officer10% Owner
Transactions
- Gift
Class V Common Stock
2024-12-31+8,691,425→ 8,691,425 total(indirect: By Trust) - Gift
Class V Common Stock
2024-12-31−8,691,425→ 3,740,393 total
Holdings
- 1,468,555(indirect: By LLC)
Class V Common Stock
- 8,469,191(indirect: By LLC)
Class V Common Stock
- 600,618(indirect: By LLC)
Class V Common Stock
- 9,134,738
Class A Common Stock
Footnotes (7)
- [F1]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.
- [F2]On December 31, 2024, the Reporting Person transferred, for no consideration, 8,691,739 shares of the Issuer's Class V Common Stock to the Rebecca Francis Legacy Trust dated 5/14/24, of which the Reporting Person is the Investment Trustee.
- [F3]Shares are held directly by the Rebecca Francis Legacy Trust dated 5/14/24, of which the Reporting Person is the Investment Trustee.
- [F4]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 Stockholder at the time of such vote.
- [F5]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.
- [F6]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.
- [F7]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.