Form 4: WM Technology Director Scott Gordon Sells Shares to Cover Tax Obligations

Director Scott Gordon sold 5,047 shares of WM Technology (MAPS) Class A Common Stock on June 18, 2024, at a price of $1.1101 per share to cover tax obligations related to vesting restricted stock units.

Summary

• Scott Gordon, a director at WM Technology, Inc. (MAPS), sold 5,047 shares of Class A Common Stock on June 18, 2024.
• The sale price was $1.1101 per share.
• The transaction was executed to cover tax withholding obligations related to the vesting of restricted stock units and related brokerage commission fees.
• The sale was conducted under a pre-arranged 10b5-1 trading plan adopted on June 9, 2023.
• Following the transaction, Gordon directly owns 371,215 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a routine stock sale for tax purposes. There is no indication of positive or negative implications for the company.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to sell shares to cover tax obligations, especially after vesting of restricted stock units. The use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on current market information.

Key Dates