Form 4: WM Technology Director Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Anthony Bay, a director at WM Technology, sold 6,676 shares of Class A common stock on March 11, 2024, to cover tax withholding obligations.
Summary
- On March 11, 2024, Anthony Bay, a director of WM Technology, Inc. (MAPS), sold 6,676 shares of Class A common stock.
- The sale was executed at a price of $0.88 per share.
- The transaction was made 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 13, 2023.
- Following the transaction, Bay directly owns 472,828 shares of Class A Common Stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction to cover tax obligations, not indicative of a strong positive or negative outlook.
Industry Context
Sales by insiders to cover tax obligations are a common occurrence and don't necessarily reflect a negative outlook on the company's future.
Key Dates
| Date | Description |
|---|---|
| 2023/06/13 | Date of adoption of 10b5-1 trading plan |
| 2024/03/11 | Date of transaction (sale of shares) |
| 2024/03/13 | Date of signature on the Form 4 filing |
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