Welcome to our dedicated page for Wm Technology SEC filings (Ticker: MAPS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
WM Technology, Inc. (Nasdaq: MAPS) files a range of documents with the U.S. Securities and Exchange Commission that provide detailed insight into its operations as a marketplace and technology solutions provider to the cannabis industry. These SEC filings cover its Weedmaps consumer marketplace, eCommerce and compliance software offerings for cannabis businesses and brands in U.S. state-legal markets, and its broader financial and governance profile.
On this page, investors can review periodic reports such as annual reports on Form 10-K and quarterly reports on Form 10-Q, which include audited or reviewed financial statements, discussions of key business metrics like average monthly paying clients and average monthly revenues per paying client, and explanations of the company’s use of non-GAAP measures such as EBITDA and Adjusted EBITDA. Current reports on Form 8-K provide updates on material events, including quarterly earnings announcements, annual meeting voting results, and changes in the board of directors or other corporate matters.
Stock Titan’s tools surface WM Technology’s filings in real time as they are posted to EDGAR and add AI-powered summaries to help explain complex sections, such as revenue recognition policies, non-GAAP reconciliations, or descriptions of the Weedmaps and WM Business offerings. Users can also access filings related to governance and compensation, such as proxy materials, and monitor any reported developments that may affect the company’s Nasdaq listing status or capital structure.
For those analyzing MAPS, this SEC filings page offers a structured way to read the source documents behind WM Technology’s public statements, understand its marketplace and software business model, and track how management describes risks, industry conditions, and financial performance over time.
WM Technology (MAPS) Director Anthony Bay reported multiple transactions on Form 4:
- On June 23, 2025, sold 10,100 shares at $1.02 per share
- On June 24, 2025, sold 36,775 shares at average price of $0.911
- Also on June 24, received 545,454 RSUs that vest in three equal annual installments starting from next stockholder meeting
Sales were executed under a 10b5-1 trading plan established September 13, 2024, primarily to cover tax obligations from RSU vesting. Following these transactions, Bay directly owns 896,034 shares of Class A Common Stock. The RSU grant represents significant long-term equity compensation, while the sales were primarily for tax obligation purposes.
WM Technology, Inc. ("MAPS") filed a Form 8-K on June 25, 2025 disclosing the withdrawal of a previously announced potential buy-out.
On December 18, 2024 the Company received a non-binding indication of interest from co-founders Doug Francis and Justin Hartfield, together with affiliated entities, to acquire all outstanding Class A and Class V common shares. In a letter dated June 23, 2025, the same parties formally withdrew the proposal. The Company released a press statement (furnished as Exhibit 99.1) to inform shareholders; the disclosure was made under Item 7.01 (Regulation FD) and therefore is deemed "furnished" rather than "filed" for Exchange Act liability purposes.
No financial terms had ever been finalized because the proposal remained non-binding. As a result, no merger agreement, premium price, or financing details were provided. The withdrawal eliminates the near-term possibility of a change-of-control transaction originating from the founders. Aside from the withdrawal notice, the 8-K contains no updates on operations, earnings, or financial outlook.
Key ancillary details included in the filing:
- Trading symbols: MAPS for Class A common stock, MAPSW for warrants, both on The Nasdaq Global Select Market.
- Exhibits: 99.1 (press release dated June 25, 2025); 104 (cover-page Inline XBRL).
- Signing officer: CFO Susan Echard.
The disclosure is significant chiefly because it removes a potential corporate event that could have delivered an acquisition premium to shareholders.
A significant ownership update has been filed for WM Technology through a Schedule 13D/A amendment, revealing substantial holdings by key insiders. Douglas Francis holds the largest position with beneficial ownership of 31,856,695 shares (20.1% of outstanding shares), including both direct holdings and shared voting power through various entities.
Justin Hartfield controls 29,379,896 shares (19.0%), with holdings split between sole and shared voting power. Key investment vehicles include:
- Ghost Media Group - Controls 8,469,191 shares (5.5%), jointly managed by Francis and Hartfield
- Rebecca Francis Legacy Trust - Holds 8,691,425 shares (5.6%), with Douglas Francis as Investment Trustee
- WM Founders Legacy I & II - Hold approximately 1.0% each, controlled by Francis and Hartfield respectively
Notable is Francis's additional 4,342,391 restricted stock units granted November 2024, vesting quarterly over 3 years, subject to continued employment.
WM Technology, Inc. (ticker MAPS) filed a Form 144 indicating a proposed sale of restricted securities under Rule 144 of the Securities Act of 1933.
- Security: Class A common stock
- Seller: Not named in the excerpt; filing made on the seller’s behalf
- Shares to be sold: 10,100
- Aggregate market value: 10,605 (currency not specified but typically U.S. dollars)
- Shares outstanding: 105,053,766
- Approx. sale date: 06/23/2025 on Nasdaq
- Acquisition detail: Shares stem from RSU vesting on 03/07/2023; 25,252 RSUs were acquired from the issuer on that date.
- Prior 3-month sales: None reported.
The proposed 10,100-share disposition represents roughly 0.0096% of total shares outstanding—an immaterial fraction in terms of potential market impact. No adverse information about the company’s operations is disclosed, and the filer affirms they possess no undisclosed material information. The filing simply grants the insider the right to sell once the Rule 144 conditions are met; it does not oblige them to execute the trade or reveal pricing.
Investors typically monitor Form 144s for insight into insider sentiment. However, given the limited size relative to WM Technology’s float and the absence of concurrent negative disclosures, this notice alone is unlikely to affect valuation or liquidity in a meaningful way.