WM Technology Board Member's Stock Move Signals Long-term Commitment Despite Sale

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

WM Technology (MAPS) Director William Glen Ibbott reported two significant transactions on June 24, 2025:

Disposed of 50,505 shares of Class A Common Stock at an average price of $0.9116 per share through a planned 10b5-1 trading program. This sale was executed to cover tax obligations from vesting RSUs and brokerage fees.
Acquired 545,454 new Restricted Stock Units (RSUs) at $0 cost basis, which will vest in three equal annual installments coinciding with the next three annual stockholder meetings.

Following these transactions, Ibbott directly owns 663,299 shares of Class A Common Stock. The RSU grants are subject to continuous service requirements and include potential acceleration provisions. All transactions were executed under a 10b5-1 trading plan established on November 18, 2024, demonstrating pre-planned, compliant insider trading practices.

Positive

Director William Glen Ibbott received a significant new equity grant of 545,454 RSUs, demonstrating long-term alignment with shareholders and commitment to the company

Negative

None.

Insider Trade Summary

Net Seller: 50,505 shares ($46,040)

Net Sell 2 txns

Insider Ibbott William Glen

Role Director

Sold 50,505 shs ($46K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	50,505	$0.9116	$46K
Grant/Award	Class A Common Stock	545,454	$0.00	--

Holdings After Transaction: Class A Common Stock — 117,845 shares (Direct)

Footnotes (1)

The Reporting Person sold the number of shares of Class A common stock necessary to cover applicable tax 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 November 18, 2024. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $0.9101 to $0.9208. 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. 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 in three equal annual installments on the date of the next three annual meeting of stockholders, beginning with 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.

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^*

Ibbott William Glen

(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⁾		50,505	D	$0.9116⁽³⁾	117,845	D
Class A Common Stock	06/24/2025		A		545,454⁽⁴⁾	A	$0	663,299	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 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 November 18, 2024.

3. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $0.9101 to $0.9208. 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.

4. 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 in three equal annual installments on the date of the next three annual meeting of stockholders, beginning with 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.

	William Glen Ibbott, 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 MAPS shares did William Glen Ibbott sell on June 24, 2025?

William Glen Ibbott sold 50,505 shares of MAPS Class A Common Stock on June 24, 2025 at a weighted-average price of $0.9116 per share. This sale was made to cover tax obligations from vesting restricted stock units and related brokerage fees.

How many restricted stock units (RSUs) did MAPS director William Glen Ibbott receive?

William Glen Ibbott received 545,454 restricted stock units (RSUs) of MAPS Class A Common Stock on June 24, 2025. Each RSU represents the right to receive one share of Class A Common Stock.

What is the vesting schedule for the new MAPS RSUs granted to Ibbott?

The RSUs will vest in three equal annual installments on the date of the next three annual meetings of stockholders, beginning with MAPS's next annual meeting after the grant becomes effective. Vesting is subject to Ibbott's continuous service and may be subject to acceleration.

How many MAPS shares does William Glen Ibbott own after the June 24, 2025 transactions?

Following the reported transactions on June 24, 2025, William Glen Ibbott directly owns 663,299 shares of MAPS Class A Common Stock. This reflects the sale of 50,505 shares and the addition of 545,454 RSUs to his previous holdings of 117,845 shares.

Was MAPS insider William Glen Ibbott's stock sale part of a planned transaction?

Yes, the shares were sold pursuant to a Rule 10b5-1 trading plan that Ibbott adopted on November 18, 2024. The sale was specifically made to cover tax obligations from RSU vesting and related brokerage commission fees.