WM Technology Director Sells 62,501 Shares at $0.91 for Tax Obligations
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.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 62,501 | $0.9113 | $57K |
Footnotes (3)
- F1. 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.
- F2. Shares sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person on September 4, 2024.
- F3. 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.
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