MAPS Director's Stock Sale Follows Planned Trading Schedule Amid Sub-$1 Share Price

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Director Brenda Freeman of WM Technology (MAPS) reported a sale of 62,501 shares of Class A Common Stock at a weighted average price of $0.9113 per share on June 24, 2025. Following the transaction, Freeman retains direct ownership of 432,692 shares.

Key transaction details:

The sale was executed under a Rule 10b5-1 trading plan established on September 4, 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 Form 4 was filed through an attorney-in-fact on June 26, 2025, within the required reporting window. This transaction appears to be a routine tax-related sale rather than a discretionary divestment by the insider.

Insider Trade Summary

Net Seller: 62,501 shares ($56,957)

Net Sell 1 txn

Insider Freeman Brenda

Role Director

Sold 62,501 shs ($57K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	62,501	$0.9113	$57K

Holdings After Transaction: Class A Common Stock — 432,692 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 4, 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 - 08:12 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^*

Freeman Brenda

(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⁾		62,501	D	$0.9113⁽³⁾	432,692	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 4, 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.

	Brenda Freeman, 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 Director Brenda Freeman sell on June 24, 2025?

Director Brenda Freeman sold 62,501 shares of MAPS Class A Common Stock on June 24, 2025 at a weighted-average price of $0.9113 per share.

What was the purpose of MAPS Director Brenda Freeman's stock sale?

The stock sale was made to cover applicable tax withholding obligations realized upon the vesting of restricted stock units, as well as any related brokerage commission fees. The sale was executed pursuant to a 10b5-1 trading plan adopted by Freeman on September 4, 2024.

How many MAPS shares does Brenda Freeman own after the June 24, 2025 transaction?

Following the reported transaction, Brenda Freeman directly owns 432,692 shares of MAPS Class A Common Stock.

What was the price range for MAPS shares sold by Director Freeman?

The shares were sold at prices ranging from $0.9101 to $0.9208, with a weighted-average sales price of $0.9113 per share.