Form 4: WM Technology Director Tony Aquila Transfers Shares to Family Trusts

Tony Aquila, a director at WM Technology, transferred 150,000 shares of Class A Common Stock to family trusts, with no funds exchanged in the transaction.

Summary

• Tony Aquila, a director at WM Technology, has reported a change in beneficial ownership of the company's Class A Common Stock.
• On December 16, 2024, Mr. Aquila transferred 50,000 shares each to three separate irrevocable trusts for the benefit of his children.
• These transfers were made at a price of $0 per share, indicating they were not sales but rather distributions from the trusts.
• The total number of shares transferred was 150,000.
• Mr. Aquila also indirectly holds 2,500,000 shares through AFV Partners SPV-5 (WM) LLC and 1,100,000 shares through AFV Partners SPV-6 (WM) LLC.
• He disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment. It is a neutral event.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders reporting changes in their beneficial ownership of company stock. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transfer of shares to family trusts is a common estate planning strategy for corporate insiders.
• The indirect ownership through LLCs is also a common practice for investment purposes.

Stakeholder Impact

• The transfer of shares to family trusts is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

beneficial ownership, Form 4, WM Technology, Tony Aquila, stock transfer, family trusts, Class A Common Stock, director