Were the WM Technology (MAPS) insider share sales made under a Rule 10b5-1 trading plan?

Yes. A footnote explains that the 62,501-share sale was made under a Rule 10b5-1 trading plan adopted on September 4, 2024. The filing’s 10b5-1 checkbox is also marked as affirming transactions under such a pre-arranged plan.

WM Technology director RSU grant and share sale

Q: What insider transactions did WM Technology (MAPS) report for director Brenda Freeman?

Brenda Freeman reported a grant of 180,000 RSUs in WM Technology Class A common stock and a sale of 62,501 shares. The sale was to satisfy tax withholding and related costs associated with the vesting of restricted stock units.

Q: How many restricted stock units were granted to the WM Technology (MAPS) director?

Director Brenda Freeman was granted 180,000 restricted stock units (RSUs), each representing one share of Class A common stock. These RSUs vest on the earlier of the first anniversary of the grant date or the next annual stockholders meeting, subject to her continuous service.

Q: How many WM Technology (MAPS) shares did Brenda Freeman sell and at what price?

Brenda Freeman sold 62,501 shares of WM Technology Class A common stock at a weighted-average price of $0.3671 per share. The footnote states the actual sale prices ranged from $0.3671 to $0.3672 per share in these transactions.

Q: Why were WM Technology (MAPS) shares sold by Brenda Freeman on July 17, 2026?

The Form 4 states that Freeman sold 62,501 shares to cover tax withholding obligations and brokerage commissions arising from the vesting of restricted stock units. This indicates the sale was tied to compensation-related tax liabilities rather than a discretionary liquidation.

Q: When do Brenda Freeman’s WM Technology (MAPS) RSUs vest?

The 180,000 RSUs will fully vest on the earlier of one year from the grant date or the next annual stockholders meeting after the grant becomes effective, provided she maintains Continuous Service under the company’s 2021 Equity Incentive Plan.

Accepted by SEC EDGAR 07/20/2026 - 08:26 PM EDT

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Form Type

Rhea-AI Filing Summary

WM Technology, Inc. director Brenda Freeman received an award of 180,000 restricted stock units, each representing one share of Class A common stock, vesting on the earlier of one year from grant or the next annual stockholders meeting, subject to continuous service. On July 17, 2026, she sold 62,501 shares at a weighted-average price of about $0.367 per share under a Rule 10b5-1 trading plan to cover tax withholding obligations and related commissions arising from RSU vesting.

Insider Trade Summary 10b5-1

Net Seller: 62,501 shares

Net Sell 2 txns

Insider Freeman Brenda

Role Director

Sold 62,501 shs ($23K)

Share of Position Sold 10.2%

Type	Security	Shares	Price	Value
Sale	Class A Common Stock ^{F2, F3, F4}	62,501	$0.3671	$23K
Grant/Award	Class A Common Stock ^F1	180,000	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 550,191 shares (Direct)

Holdings Before and After: Class A Common Stock, 432,692 to 550,191 shares (Direct)

Footnotes (4)

F1. Represents the number of shares of Class A Common Stock underlying restricted stock units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs will fully vest on the earlier of (A) the first anniversary of its grant date or (B) the Issuer's next annual meeting of stockholders subsequent to the effectiveness of this RSU grant, subject to acceleration, and subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2021 Equity Incentive Plan) through such vesting date.
F2. 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.
F3. Shares sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person on September 4, 2024.
F4. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $0.3671 to $0.3672. 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.

Key Figures

RSU grant size: 180,000 shares Shares sold: 62,501 shares Weighted-average sale price: $0.3671 per share +2 more

5 metrics

RSU grant size 180,000 shares Restricted stock units of Class A Common Stock granted on 2026-07-16

Shares sold 62,501 shares Class A Common Stock sold on 2026-07-17

Weighted-average sale price $0.3671 per share Weighted-average price for 62,501 shares sold, with prices from $0.3671 to $0.3672

Sale price range $0.3671–$0.3672 per share Range of individual trade prices for the reported sale transaction

Net buy/sell shares -62,501 shares Net share change from buy/sell activity in this filing, as summarized in Form 4 data

Key Terms

restricted stock units ("RSUs"), Continuous Service, 10b5-1 trading plan, weighted-average sales price, +1 more

5 terms

restricted stock units ("RSUs") financial

"Represents the number of shares of Class A Common Stock underlying restricted stock units ("RSUs")."

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

Continuous Service financial

"subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2021 Equity Incentive Plan)"

10b5-1 trading plan regulatory

"Shares sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person"

A 10b5-1 trading plan is a pre-arranged strategy that allows company insiders to buy or sell company stock at set times, regardless of their current knowledge about the company's situation. It acts like a scheduled appointment for trading, helping prevent the appearance of impropriety or insider trading. This plan provides a way for insiders to sell or buy shares in a controlled, transparent manner, offering reassurance to investors about fair trading practices.

weighted-average sales price financial

"Price reported is a weighted-average sales price. The shares were sold at prices"

tax withholding obligations financial

"sold the number of shares of Class A common stock necessary to cover applicable tax withholding obligations"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did WM Technology (MAPS) report for director Brenda Freeman?

Brenda Freeman reported a grant of 180,000 RSUs in WM Technology Class A common stock and a sale of 62,501 shares. The sale was to satisfy tax withholding and related costs associated with the vesting of restricted stock units.

How many restricted stock units were granted to the WM Technology (MAPS) director?

Director Brenda Freeman was granted 180,000 restricted stock units (RSUs), each representing one share of Class A common stock. These RSUs vest on the earlier of the first anniversary of the grant date or the next annual stockholders meeting, subject to her continuous service.

How many WM Technology (MAPS) shares did Brenda Freeman sell and at what price?

Brenda Freeman sold 62,501 shares of WM Technology Class A common stock at a weighted-average price of $0.3671 per share. The footnote states the actual sale prices ranged from $0.3671 to $0.3672 per share in these transactions.

Why were WM Technology (MAPS) shares sold by Brenda Freeman on July 17, 2026?

The Form 4 states that Freeman sold 62,501 shares to cover tax withholding obligations and brokerage commissions arising from the vesting of restricted stock units. This indicates the sale was tied to compensation-related tax liabilities rather than a discretionary liquidation.

When do Brenda Freeman’s WM Technology (MAPS) RSUs vest?

The 180,000 RSUs will fully vest on the earlier of one year from the grant date or the next annual stockholders meeting after the grant becomes effective, provided she maintains Continuous Service under the company’s 2021 Equity Incentive Plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Freeman Brenda

(Last)

(First)

(Middle)

C/O WM TECHNOLOGY, INC.

41 DISCOVERY

(Street)

IRVINE

CALIFORNIA

92618

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/16/2026

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

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

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

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	07/16/2026		A		180,000⁽¹⁾	A	$0	612,692	D
Class A Common Stock	07/17/2026		S⁽²⁾⁽³⁾		62,501	D	$0.3671⁽⁴⁾	550,191	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. Represents the number of shares of Class A Common Stock underlying restricted stock units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs will fully vest on the earlier of (A) the first anniversary of its grant date or (B) the Issuer's next annual meeting of stockholders subsequent to the effectiveness of this RSU grant, subject to acceleration, and subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2021 Equity Incentive Plan) through such vesting date.

2. 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.

3. Shares sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person on September 4, 2024.

4. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $0.3671 to $0.3672. 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.

	Brenda Freeman, by /s/ Brian Camire, Attorney-in-Fact	07/20/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR