MAPS Director's Stock Sale Tied to Tax Obligations as Shares Trade Below $1

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Form Type

Rhea-AI Filing Summary

WM Technology (MAPS) Director Scott Gordon reported a significant insider transaction on June 24, 2025, selling 94,340 shares of Class A Common Stock at a weighted average price of $0.9116 per share. Following the transaction, Gordon retains direct ownership of 729,918 shares.

Key transaction details:

The sale was executed under a Rule 10b5-1 trading plan established on September 10, 2024
The transaction was specifically to cover tax withholding obligations from vesting restricted stock units and related brokerage fees
Sale prices ranged from $0.9101 to $0.9208 per share
The transaction was filed through an attorney-in-fact, Brian Camire

This Form 4 filing indicates a planned, non-discretionary sale rather than a strategic investment decision, as it was executed under a pre-established trading plan for tax obligation purposes.

Insider Trade Summary

Net Seller: 94,340 shares ($86,000)

Net Sell 1 txn

Insider Gordon Scott

Role Director

Sold 94,340 shs ($86K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	94,340	$0.9116	$86K

Holdings After Transaction: Class A Common Stock — 729,918 shares (Direct)

Footnotes (1)

The Reporting Person sold the number of shares of Class A common stock necessary to cover applicable tax withholding obligations realized upon the vesting of restricted stock units, as well as any related brokerage commission fees. Shares sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person on September 10, 2024. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $0.9101 to $0.9208. Upon request, the Reporting Person will provide full information regarding the number of shares sold at each separate price to the SEC, the Issuer or a security holder of the Issuer.

Form 4 Insider Transactions: What Each Field Means →

06/26/2025 - 08:13 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gordon Scott

(Last)

(First)

(Middle)

C/O WM TECHNOLOGY, INC.

41 DISCOVERY

(Street)

IRVINE

92618

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
WM TECHNOLOGY, INC. [ MAPS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	06/24/2025		S⁽¹⁾⁽²⁾		94,340	D	$0.9116⁽³⁾	729,918	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The Reporting Person sold the number of shares of Class A common stock necessary to cover applicable tax withholding obligations realized upon the vesting of restricted stock units, as well as any related brokerage commission fees.

2. Shares sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person on September 10, 2024.

3. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $0.9101 to $0.9208. Upon request, the Reporting Person will provide full information regarding the number of shares sold at each separate price to the SEC, the Issuer or a security holder of the Issuer.

	Scott Gordon, by /s/ Brian Camire, Attorney-in-Fact	06/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

How many shares of MAPS stock did Scott Gordon sell on June 24, 2025?

Scott Gordon sold 94,340 shares of WM Technology (MAPS) Class A Common Stock on June 24, 2025.

What was the sale price for MAPS shares in Scott Gordon's June 2025 transaction?

The shares were sold at a weighted-average price of $0.9116, with individual sale prices ranging from $0.9101 to $0.9208 per share.

Why did MAPS director Scott Gordon sell shares in June 2025?

The shares were sold to cover applicable tax withholding obligations realized upon the vesting of restricted stock units, as well as related brokerage commission fees. The sale was executed pursuant to a 10b5-1 trading plan adopted by Gordon on September 10, 2024.

How many MAPS shares does Scott Gordon own after the June 2025 transaction?

Following the reported transaction, Scott Gordon directly owns 729,918 shares of WM Technology (MAPS) Class A Common Stock.

What is Scott Gordon's role at MAPS?

Scott Gordon serves as a Director on the Board of WM Technology, Inc. (MAPS).