# EDGAR Filing Document

**Accession Number:** 0001859765
**File Stem:** 0001415889-25-022528
**Filing Date:** 2025-8
**Character Count:** 14711
**Document Hash:** 2d9793010304f3f705a8aaac61582960
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001415889-25-022528.hdr.sgml**: 20250820

**ACCESSION NUMBER**: 0001415889-25-022528

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250818

**FILED AS OF DATE**: 20250820

**DATE AS OF CHANGE**: 20250820

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Francis Douglas
- **CENTRAL INDEX KEY:** 0001519966

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39021
- **FILM NUMBER:** 251237977

**MAIL ADDRESS:**
- **STREET 1:** 49 DISCOVERY, STE 200
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Ghost Media Group, LLC
- **CENTRAL INDEX KEY:** 0001859722

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39021
- **FILM NUMBER:** 251237976

**BUSINESS ADDRESS:**
- **STREET 1:** 49 DISCOVERY, STE 200
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618
- **BUSINESS PHONE:** 949.940.6041

**MAIL ADDRESS:**
- **STREET 1:** 49 DISCOVERY, STE 200
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Rebecca Francis Legacy Trust dated 5/14/24, Douglas M. Francis, Trustee
- **CENTRAL INDEX KEY:** 0002051673

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39021
- **FILM NUMBER:** 251237973

**BUSINESS ADDRESS:**
- **STREET 1:** 3625 S. TOWN CENTER DR., SUITE 100
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89135
- **BUSINESS PHONE:** (702) 998-3700

**MAIL ADDRESS:**
- **STREET 1:** 3625 S. TOWN CENTER DR., SUITE 100
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89135
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** WM Founders Legacy I, LLC
- **CENTRAL INDEX KEY:** 0001859724

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39021
- **FILM NUMBER:** 251237975

**BUSINESS ADDRESS:**
- **STREET 1:** 40 MORRIS AV., STE 230
- **CITY:** BRYN MAWR
- **STATE:** PA
- **ZIP:** 19010
- **BUSINESS PHONE:** 949.940.6041

**MAIL ADDRESS:**
- **STREET 1:** 40 MORRIS AV., STE 230
- **CITY:** BRYN MAWR
- **STATE:** PA
- **ZIP:** 19010
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Genco Incentives, LLC
- **CENTRAL INDEX KEY:** 0001859765

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39021
- **FILM NUMBER:** 251237974

**BUSINESS ADDRESS:**
- **STREET 1:** 49 DISCOVERY, STE 200
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618
- **BUSINESS PHONE:** 949.940.6041

**MAIL ADDRESS:**
- **STREET 1:** 49 DISCOVERY, STE 200
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WM TECHNOLOGY, INC.
- **CENTRAL INDEX KEY:** 0001779474
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 41 DISCOVERY
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618
- **BUSINESS PHONE:** 646-699-3750

**MAIL ADDRESS:**
- **STREET 1:** 41 DISCOVERY
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Silver Spike Acquisition Corp.
- **DATE OF NAME CHANGE:** 20190611

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] 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**<sup>*</sup><br>Francis Douglas<br><sub>(Last) (First) (Middle)</sub><br>C/O WM TECHNOLOGY, INC.<br>41 DISCOVERY<br><sub>(Street)</sub><br>IRVINE, CA 92618<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-08-18 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Chief Executive Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>WM TECHNOLOGY, INC. [ MAPS ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Ghost Media Group, LLC<br><sub>(Last) (First) (Middle)</sub><br>C/O WM TECHNOLOGY, INC.<br>41 DISCOVERY<br><sub>(Street)</sub><br>IRVINE, CA 92618<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-08-18 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>WM TECHNOLOGY, INC. [ MAPS ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>WM Founders Legacy I, LLC<br><sub>(Last) (First) (Middle)</sub><br>C/O WM TECHNOLOGY, INC.<br>41 DISCOVERY<br><sub>(Street)</sub><br>IRVINE, CA 92618<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-08-18 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>WM TECHNOLOGY, INC. [ MAPS ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Genco Incentives, LLC<br><sub>(Last) (First) (Middle)</sub><br>C/O WM TECHNOLOGY, INC.<br>41 DISCOVERY<br><sub>(Street)</sub><br>IRVINE, CA 92618<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-08-18 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>WM TECHNOLOGY, INC. [ MAPS ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Rebecca Francis Legacy Trust dated 5/14/24, Douglas M. Francis, Trustee<br><sub>(Last) (First) (Middle)</sub><br>C/O WM TECHNOLOGY, INC.<br>41 DISCOVERY<br><sub>(Street)</sub><br>IRVINE, CA 92618<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-08-18 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>WM TECHNOLOGY, INC. [ MAPS ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A Common Stock | 2025-08-18 |  | S<sup>(1)</sup> |  | 156974 | D | 1.1639<sup>(2)</sup> | 8729539 | D |  |
| Class V Common Stock<sup>(3)(4)</sup> |  |  |  |  |  |  |  | 3740393 | D |  |
| Class V Common Stock<sup>(3)(4)</sup> |  |  |  |  |  |  |  | 8691425 | I | By Trust<sup>(5)</sup> |
| Class V Common Stock<sup>(3)(4)</sup> |  |  |  |  |  |  |  | 8469191 | I | By LLC<sup>(6)</sup> |
| Class V Common Stock<sup>(3)(4)</sup> |  |  |  |  |  |  |  | 1468555 | I | By LLC<sup>(7)</sup> |
| Class V Common Stock<sup>(3)(4)</sup> |  |  |  |  |  |  |  | 600618 | I | By LLC<sup>(8)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### 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.

(2) Price reported is a weighted-average sales price. The shares were sold at prices ranging from $1.1501 to $1.1901. 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.

(3) These shares of Class V common stock ("Class V Common Stock") of the Issuer (as defined below) provide no economic rights in the Issuer to the holder thereof. However, each holder of Class V Common Stock will be entitled to vote with the holders of Class A common stock ("Class A Common Stock") of the Issuer, with each share of Class V Common Stock entitling the holder to a number of votes equal to the number of Post-Merger Class A Units (as described in footnote 4 below) held by such Class V Common Stockholder at the time of such vote.

(4) Post-Merger Class A Units represent non-voting limited liability company interests of WM Holding Company, LLC. Pursuant to the terms of an exchange agreement, these Class A units and an equivalent number of shares of Class V Common Stock are exchangeable on a one-for-one basis for shares of Class A Common Stock. These exchange rights do not expire.

(5) Shares are held directly by the Rebecca Francis Legacy Trust dated 5/14/24, of which the Reporting Person is the Investment Trustee.

(6) Shares are held directly by Ghost Media Group, LLC ("Ghost Media") which is controlled by Mr. Francis. Accordingly, Mr. Francis may be deemed to be a beneficial owner of the shares held by Ghost Media.

(7) Shares are held directly by WM Founders Legacy I, LLC ("WM Founders") which is controlled by Mr. Francis. Accordingly, Mr. Francis may be deemed to be a beneficial owner of the shares held by WM Founders.

(8) Shares are held directly by Genco Incentives, LLC ("Genco") which is controlled by Mr. Francis. Accordingly, Mr. Francis may be deemed to be a beneficial owner of the shares held by Genco.

**Signature:** Ghost Media Group, LLC, by /s/ Douglas Francis, Manager  
**Date:** 2025-08-20

**Signature:** Genco Incentives, LLC, by /s/ Douglas Francis, Manager  
**Date:** 2025-08-20

**Signature:** /s/ Douglas Francis  
**Date:** 2025-08-20

**Signature:** Rebecca Francis Legacy Trust dated 5/14/24, by /s/ Douglas Francis, Investment Trustee  
**Date:** 2025-08-20

**Signature:** WM Founders Legacy I, LLC, by /s/ Douglas Francis, Manager  
**Date:** 2025-08-20

### Remarks:

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.**