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

Director Anthony Bay sold shares of WM Technology (MAPS) to cover tax obligations related to vesting restricted stock units.

Summary

• On June 24, 2024, Anthony Bay, a director of WM Technology, Inc. (MAPS), sold 67,797 shares of Class A Common Stock.
• The sale was executed at a weighted-average price of $1.0143 per share, with prices ranging from $1.0001 to $1.0401.
• The transaction was made pursuant to a pre-arranged 10b5-1 trading plan adopted on June 13, 2023.
• The sale covered tax withholding obligations related to the vesting of restricted stock units and brokerage commission fees.
• Following the transaction, Bay directly owns 405,031 shares of WM Technology, Inc.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) by a company director. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

Sales by insiders are a common occurrence, especially to cover tax obligations related to stock-based compensation. The use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on current market conditions or insider information.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale (tax obligations) and the existence of a pre-arranged trading plan.

Key Dates