WM TECHNOLOGY, INC. 8-K

What Happened WM Technology, Inc. (MAPS) announced on March 5, 2026 that its Board appointed Nicholas Rellas as a Class III director, effective the same date, to serve until the company's 2027 annual meeting and until his successor is qualified. The Board determined Mr. Rellas is an independent director under Nasdaq Rule 5605(a)(2). The company reported no arrangements or related-party transactions requiring disclosure under Item 404(a) of Regulation S-K.

Key Details

• Appointment effective: March 5, 2026; term through the 2027 annual meeting.
• Compensation: one-time initial grant of restricted stock units valued at approximately $400,000, vesting in three equal annual installments on the date of each of the first three annual stockholder meetings after appointment.
• Governance paperwork: company entered into its standard non-employee director indemnification agreement with Mr. Rellas.
• Independence: Board expressly determined Mr. Rellas meets Nasdaq independence standards; no reportable related-party transactions identified.

Why It Matters This filing updates investors on a governance change — the addition of an independent director to WM Technology’s Board — which can affect board composition and oversight. The $400,000 RSU award is equity-based compensation that vests over three years and represents a potential future equity-based obligation of the company. The filing also confirms there are no reportable related-party transactions tied to this appointment.