Form 4: WM Technology Director Fiona Tan Sells Shares to Cover Tax Obligations

Director Fiona Tan sold 5,078 shares of WM Technology's Class A common stock on June 18, 2024, to cover tax withholding obligations and brokerage fees related to vesting restricted stock units.

Summary

• On June 18, 2024, Fiona Tan, a director of WM Technology, Inc. (MAPS), sold 5,078 shares of Class A Common Stock.
• The sale was executed at a price of $1.1101 per share.
• The transaction was made to cover tax withholding obligations and brokerage commission fees associated with the vesting of restricted stock units.
• Following the transaction, Fiona Tan directly owns 422,985 shares of Class A Common Stock.
• The sale was conducted under a pre-arranged 10b5-1 trading plan adopted on June 9, 2023.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) by a company director, which is neither particularly positive nor negative.

Industry Context

Sales of shares by company directors are a common occurrence, often related to compensation or diversification strategies. The use of a 10b5-1 trading plan indicates that the sales were pre-planned and not based on insider information.

Stakeholder Impact

• The sale of shares by a director could have a minor negative impact on shareholder sentiment, but the effect is likely to be minimal given the reason for the sale and the existence of a pre-arranged trading plan.

Key Dates