Tax-withholding share sale by WM Technology (NASDAQ: MAPS) CEO Francis
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WM Technology, Inc. director and Chief Executive Officer Douglas Francis reported an open-market sale of 103,019 shares of Class A common stock on February 18, 2026 at a weighted-average price of $0.6764 per share. According to the disclosure, this was a mandatory “sell-to-cover” transaction to satisfy tax withholding obligations related to vesting restricted stock units, and is described as not a discretionary trade by Francis.
After the sale, Francis directly held 8,467,787 shares of Class A common stock. The filing also shows substantial holdings of Class V common stock, which carry voting rights but no economic rights, held directly and through the Rebecca Francis Legacy Trust, Ghost Media Group, WM Founders Legacy I, and Genco Incentives. Footnotes state that each corresponding Class A unit and Class V share is exchangeable on a one-for-one basis into Class A common stock, with exchange rights that do not expire.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 103,019 shares ($69,682)
Net Sell
6 txns
Insider
Francis Douglas, Ghost Media Group, LLC, WM Founders Legacy I, LLC, Genco Incentives, LLC, Rebecca Francis Legacy Trust dated 5/14/24, Douglas M. Francis, Trustee
Role
Chief Executive Officer | 10% Owner | 10% Owner | 10% Owner | 10% Owner
Sold
103,019 shs ($70K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 103,019 | $0.6764 | $70K |
| holding | Class V Common Stock | -- | -- | -- |
| holding | Class V Common Stock | -- | -- | -- |
| holding | Class V Common Stock | -- | -- | -- |
| holding | Class V Common Stock | -- | -- | -- |
| holding | Class V Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 8,467,787 shares (Direct);
Class V Common Stock — 3,740,393 shares (Direct);
Class V Common Stock — 8,691,425 shares (Indirect, By Trust)
Footnotes (1)
- The sale reported on this Form 4 represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units, as well as any related brokerage commission fees. The sale satisfies the tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $0.66 to $0.71. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. These shares of Class V common stock ("Class V Common Stock") of the Issuer (as defined below) provide no economic rights in the Issuer to the holder thereof. However, each holder of Class V Common Stock will be entitled to vote with the holders of Class A common stock ("Class A Common Stock") of the Issuer, with each share of Class V Common Stock entitling the holder to a number of votes equal to the number of Post-Merger Class A Units (as described in footnote 4 below) held by such Class V Common Stockholder at the time of such vote. Post-Merger Class A Units represent non-voting limited liability company interests of WM Holding Company, LLC. Pursuant to the terms of an exchange agreement, these Class A units and an equivalent number of shares of Class V Common Stock are exchangeable on a one-for-one basis for shares of Class A Common Stock. These exchange rights do not expire. Shares are held directly by the Rebecca Francis Legacy Trust dated 5/14/24, of which the Reporting Person is the Investment Trustee. Shares are held directly by Ghost Media Group, LLC ("Ghost Media") which is controlled by Mr. Francis. Accordingly, Mr. Francis may be deemed to be a beneficial owner of the shares held by Ghost Media. Shares are held directly by WM Founders Legacy I, LLC ("WM Founders") which is controlled by Mr. Francis. Accordingly, Mr. Francis may be deemed to be a beneficial owner of the shares held by WM Founders. Shares are held directly by Genco Incentives, LLC ("Genco") which is controlled by Mr. Francis. Accordingly, Mr. Francis may be deemed to be a beneficial owner of the shares held by Genco.
FAQ
What insider transaction did WM Technology (MAPS) report for Douglas Francis?
WM Technology reported that CEO and director Douglas Francis executed an open-market sale of 103,019 shares of Class A common stock on February 18, 2026. The transaction was a pre-arranged sell-to-cover trade tied to tax withholding on vested restricted stock units.
What are Douglas Francis’s holdings in WM Technology (MAPS) after this transaction?
Following the tax-related sale, Douglas Francis directly held 8,467,787 shares of Class A common stock. The filing also lists significant Class V common stock holdings, both directly and through a trust and several LLCs, which provide voting rights but no direct economic rights in the issuer.
How are Ghost Media Group, WM Founders Legacy I, and Genco Incentives connected to Douglas Francis?
Ghost Media Group, WM Founders Legacy I, and Genco Incentives each directly hold Class V common stock of WM Technology. Footnotes state these entities are controlled by Douglas Francis, who may be deemed a beneficial owner of the shares they hold under applicable securities ownership rules.