SCHEDULE 13G/A: Morgan Stanley Subsidiary Reduces Stake in WM Technology, Inc. Below 5% Threshold

Morgan Stanley Capital Services LLC has reported ceasing to be a beneficial owner of more than 5% of WM Technology, Inc.'s Class A Common Stock, while Morgan Stanley's aggregate beneficial ownership remains at 5.4%.

Summary

• Morgan Stanley and its subsidiary, Morgan Stanley Capital Services LLC, filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership of WM Technology, Inc.'s Class A Common Stock.
• The filing indicates that Morgan Stanley Capital Services LLC has ceased to be the beneficial owner of more than 5% of the Class A Common Stock, with its aggregate beneficial ownership now at 4.9% (5,164,059 shares).
• Morgan Stanley, as the parent holding company, reports an aggregate beneficial ownership of 5.4% (5,647,358 shares) of WM Technology, Inc.'s Class A Common Stock.
• The shares are held in the ordinary course of business and were not acquired or held for the purpose of changing or influencing control of the issuer.
• The event date requiring this filing was March 31, 2025.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to the reduction in beneficial ownership by Morgan Stanley Capital Services LLC below the 5% threshold, which could be interpreted as a decrease in conviction or a rebalancing of portfolio holdings.

Negatives

• Morgan Stanley Capital Services LLC, a subsidiary of Morgan Stanley, has reduced its beneficial ownership in WM Technology, Inc. to below the 5% threshold, indicating a decrease in its individual stake.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of institutional ownership changes. It reflects a minor adjustment in the stake held by a major financial institution in WM Technology, Inc., a company operating in the cannabis technology sector. Such adjustments are common in the ordinary course of business for large investment firms.

Stakeholder Impact

• Shareholders: May interpret the reduction in stake by Morgan Stanley Capital Services LLC as a negative signal, potentially impacting investor sentiment and share price.

Key Dates

Keywords

WM Technology Inc., Morgan Stanley, Morgan Stanley Capital Services LLC, Schedule 13G, Beneficial Ownership, Class A Common Stock, SEC Filing, Institutional Investor, Ownership Change