WM Technology (MAPS) CTO sells 271,032 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WM Technology, Inc. Chief Technology Officer Sarah Griffis reported an open-market sale of 271,032 shares of Class A common stock 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 on vesting restricted stock units, not a discretionary trade. After the sale, she directly owned 1,528,968 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 271,032 shares ($183,326)
Net Sell
1 txn
Insider
Griffis Sarah
Role
Chief Technology Officer
Sold
271,032 shs ($183K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 271,032 | $0.6764 | $183K |
Holdings After Transaction:
Class A Common Stock — 1,528,968 shares (Direct)
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.
FAQ
What insider transaction did MAPS CTO Sarah Griffis report on this Form 4?
MAPS Chief Technology Officer Sarah Griffis reported selling 271,032 shares of WM Technology Class A common stock at a weighted-average price of $0.6764 per share. The transaction was disclosed as an open-market sale in connection with restricted stock unit vesting.
Was the MAPS CTO’s stock sale a discretionary insider trade?
No. The filing explicitly states the sale was required to cover tax withholding obligations arising from restricted stock unit vesting. It was executed as a “sell to cover” transaction and is described as not representing a discretionary trade by the reporting person.