Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On January 5, 2023, the Compensation Committee of the Board of Directors (the
"Board") of WM Technology, Inc., a Delaware corporation (the "Company"), granted
Douglas Francis, Executive Chair of the Board, an award of 481,927 restricted
stock units with an approximate value of $800,000, based on the average closing
price of the Company's Class A common stock for the 90-day period prior to the
grant date (the "RSU Grant"), in recognition of his leadership of the Company's
executive team since August 2022. The shares subject to the RSU Grant will vest
in two equal quarterly increments on May 15, 2023 and August 15, 2023, subject
to Mr. Francis's Continuous Service (as defined in the Company's 2021 Equity
Incentive Plan or award agreement) on each such vesting date. Mr. Francis has
not received any cash compensation or other compensation to date.
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