CUSIP No. 92971A 109
|
13D
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Justin Hartfield
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☒
(1)
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
SC
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
United States of America
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
19,288,160 shares of Class V common stock
|
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
10,040,150 shares of Class V common stock (2)
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
19,288,160 shares of Class V common stock
|
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
10,040,150 shares of Class V common stock (2)
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
29,328,310 shares of Class V common stock
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
22.7% (3)
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
IN
|
|
|
|||
|
|
(2) |
Includes 8,469,191 shares held directly by Ghost Media and 1,570,959 shares held directly by WMFL II. Ghost Media is controlled by Hartfield and Francis, and WMFL II is controlled by
Hartfield. Accordingly, Hartfield may be deemed to be a beneficial owner of the shares held by Ghost Media and WMFL II.
|
(3) |
This percentage set forth on the cover sheets is calculated based on a total of 129,240,912 shares of the Issuer’s Class A common stock and Class V common stock outstanding as of June
16, 2021.
|
CUSIP No. 92971A 109
|
13D
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Douglas Francis
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☒
(1)
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
SC
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
United States of America
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
17,162,485 shares of Class V common stock
|
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
10,538,365 shares of Class V common stock (2)
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
17,162,485 shares of Class V common stock
|
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
10,538,365 shares of Class V common stock (2)
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
27,700,850 shares of Class V common stock
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
21.4% (3)
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
IN
|
|
|
|||
|
|
(1) |
This Schedule 13D is filed by the Reporting Persons.
|
(2) |
Includes 8,469,191 shares held directly by Ghost Media, 1,468,555 shares held directly by WMFL I and 600,618 shares held directly by Genco. Ghost Media is controlled by Hartfield and
Francis, and WMFL I and Genco are controlled by Francis. Accordingly, Francis may be deemed to be a beneficial owner of the shares held by Ghost Media, WMFL I and Genco.
|
(3) |
This percentage set forth on the cover sheets is calculated based on a total of 129,240,912 shares of the Issuer’s Class A common stock and Class V common stock outstanding as of June
16, 2021.
|
CUSIP No. 92971A 109
|
13D
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Ghost Media Group, LLC
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☒
(1)
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
SC
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Nevada
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
8,469,191 shares of Class V common stock (2)
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
8,469,191 shares of Class V common stock (2)
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
8,469,191 shares of Class V common stock (2)
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
6.6% (3)
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
(1) |
This Schedule 13D is filed by the Reporting Persons.
|
(2) |
These shares are held directly by Ghost Media. Ghost Media is controlled by Hartfield and Francis. Accordingly, Hartfield and Francis may be deemed to be beneficial owners of the
shares held by Ghost Media.
|
(3) |
This percentage set forth on the cover sheets is calculated based on a total of 129,240,912 shares of the Issuer’s Class A common stock and Class V common stock outstanding as of June
16, 2021.
|
CUSIP No. 92971A 109
|
13D
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
WM Founders Legacy I, LLC
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☒
(1)
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
SC
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
1,468,555 shares of Class V common stock (2)
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
1,468,555 shares of Class V common stock (2)
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
1,468,555 shares of Class V common stock (2)
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
1.1% (3)
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
(1) |
This Schedule 13D is filed by the Reporting Persons.
|
(2) |
These shares are held directly by WMFL I. WMFL I is controlled by Francis. Accordingly, Francis may be deemed to be beneficial owner of the shares held by WMFL I.
|
(3) |
This percentage set forth on the cover sheets is calculated based on a total of 129,240,912 shares of the Issuer’s Class A common stock and Class V common stock outstanding as of June
16, 2021.
|
CUSIP No. 92971A 109
|
13D
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
WM Founders Legacy II, LLC
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☒
(1)
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
SC
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
1,570,959 shares of Class V common stock (2)
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
1,570,959 shares of Class V common stock (2)
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
1,570,959 shares of Class V common stock (2)
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
1.2% (3)
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
(1) |
This Schedule 13D is filed by the Reporting Persons.
|
(2) |
These shares are held directly by WMFL II. WMFL II is controlled by Hartfield. Accordingly, Hartfield may be deemed to be beneficial owner of the shares held by WMFL II.
|
(3) |
This percentage set forth on the cover sheets is calculated based on a total of 129,240,912 shares of the Issuer’s Class A common stock and Class V common stock outstanding as of June
16, 2021.
|
CUSIP No. 92971A 109
|
13D
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Genco Incentives, LLC
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☒
(1)
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
SC
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
600,618 shares of Class V common stock (2)
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
600,618 shares of Class V common stock (2)
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
600,618 shares of Class V common stock (2)
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
0.5% (3)
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
(1) |
This Schedule 13D is filed by the Reporting Persons.
|
(2) |
These shares are held directly by Genco. Genco is controlled by Francis. Accordingly, Francis may be deemed to be beneficial owner of the shares held by Genco.
|
(3) |
This percentage set forth on the cover sheets is calculated based on a total of 129,240,912 shares of the Issuer’s Class A common stock and Class V common stock outstanding as of June
16, 2021.
|
Item 1. |
Security and Issuer
|
a) |
This statement on Schedule 13D relates to the Class A common stock, par value $0.0001 per share (“Class A common stock”) of WM Technology, Inc., a Delaware corporation (the “Issuer”).
Underlying the shares of Class A common stock reported in this Schedule 13D are shares of Class V common stock and Class A Units. The shares of Class V common stock of the Issuer 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 of the Issuer, with each share of Class V common stock entitling the holder to a number of votes equal to the number of
Class A Units (as described below) held by such Class V common stock holder at the time of such vote. The Class A Units represent non-voting limited liability company interests of WM Holding Company, LLC, a Delaware limited liability
company. 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 of the Issuer. These
exchange rights do not expire.
|
b) |
The principal executive offices of the Issuer are located at 41 Discovery, Irvine, CA 92618.
|
Item 2. |
Identity and Background
|
a) |
The persons and entities filing this statement are Justin Hartfield (“Hartfield”), Douglas Francis (“Francis”), Ghost Media, LLC (“Ghost Media”), WM Founders Legacy I, LLC (“WMFL I”),
WM Founders Legacy II, LLC (“WMFL II) and Genco Incentives, LLC (“Genco”) (collectively referred to as the “Reporting Persons”).
|
b) |
The address of the principal place of business of each of the Reporting Persons is 49 Discovery, Suite 200, Irvine, California 92618.
|
c) |
The principal business of each of the Reporting Persons is private investing.
|
d) |
During the last five years, none of the Reporting Persons nor the Listed Persons (as defined below) has been convicted in any criminal proceeding (excluding traffic violations or
similar misdemeanors).
|
e) |
During the last five years, none of the Reporting Persons nor the Listed Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction
and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with
respect to such laws.
|
f) |
The Listed Persons are Delaware and Nevada limited liability companies (as identified in Schedule I); Hartfield and Francis are United States citizens.
|
Item 3. |
Source and Amount of Funds or Other Consideration
|
Item 4. |
Purpose of Transaction
|
Item 5. |
Interest in Securities of the Issuer
|
Reporting Persons
|
Shares
Held
Directly (1)
|
Sole
Voting
Power
|
Shared
Voting
Power
|
Sole
Dispositive
Power
|
Shared
Dispositive
Power
|
Beneficial
Ownership
|
Percentage
of Class (3)
|
Hartfield
|
19,288,160
|
19,288,160
|
10,040,150
|
19,288,160
|
10,040,150
|
29,328,310
|
22.7%
|
Francis
|
17,162,485
|
17,162,485
|
10,538,365
|
17,162,485
|
10,538,365
|
27,700,850
|
21.4%
|
Ghost Media (2)
|
8,469,191
|
0
|
8,469,191
|
0
|
8,469,191
|
8,469,191
|
6.6%
|
WMFL I (2)
|
1,468,555
|
0
|
1,468,555
|
0
|
1,468,555
|
1,468,555
|
1.1%
|
WMFL II (2)
|
1,570,959
|
0
|
1,570,959
|
0
|
1,570,959
|
1,570,959
|
1.2%
|
Genco (2)
|
600,618
|
0
|
600,618
|
0
|
600,618
|
600,618
|
0.5%
|
(1) |
Represents the number of shares of Class V common stock currently underlying all Securities held by the Reporting Persons.
|
(2) |
The shares are owned as follows: (i) 19,288,160 by Hartfield, (ii) 17,162,485 by Francis, (iii) 8,469,191 by Ghost Media, (iv) 1,468,555 by WMFL I, (v) 1,570,959 by WMFL II and (vi)
600,618 by Genco. Ghost Media is controlled by Hartfield and Francis, WMFL II is controlled by Hartfield and WMFL I and Genco are controlled by Francis. Accordingly, Hartfield and Francis may be deemed to be the beneficial owners of the
shares held by Ghost Media, Hartfield may be deemed to be the beneficial owner of the shares held by WMFL II and Francis may be deemed to be the beneficial owner of the shares held by WMFL I and Genco.
|
(3) |
This percentage set forth on the cover sheets is calculated based on a total of 129,240,912 shares of the Issuer’s Class A common stock and Class V common stock outstanding as of June
16, 2021.
|
Item 6. |
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
|
Item 7. |
Material to Be Filed as Exhibits
|
A. |
Agreement regarding filing of joint Schedule 13D
|
B. |
Power of Attorney
|
Date:
|
June 28, 2021
|
||
/s/ Justin Hartfield
|
|||
Justin Hartfield
|
|||
/s/ Douglas Francis
|
|||
Douglas Francis
|
|||
Ghost Media, LLC
|
|||
/s/ Douglas Francis
|
|||
By:
|
Douglas Francis | ||
Its:
|
Manager | ||
WM Founders Legacy I, LLC
|
|||
/s/ Douglas Francis
|
|||
By:
|
Douglas Francis | ||
Its:
|
Manager | ||
WM Founders Legacy II, LLC
|
|||
/s/ Justin Hartfield
|
|||
By:
|
Justin Hartfield | ||
Its:
|
Manager | ||
Genco Incentives, LLC
|
|||
/s/ Douglas Francis
|
|||
By:
|
Douglas Francis | ||
Its:
|
Manager |
A. |
Agreement regarding filing of joint Schedule 13D
|
Date:
|
June 28, 2021
|
||
/s/ Justin Hartfield
|
|||
Justin Hartfield
|
|||
/s/ Douglas Francis
|
|||
Douglas Francis
|
|||
Ghost Media, LLC
|
|||
/s/ Douglas Francis
|
|||
By:
|
Douglas Francis | ||
Its:
|
Manager | ||
WM Founders Legacy I, LLC
|
|||
/s/ Douglas Francis
|
|||
By:
|
Douglas Francis | ||
Its:
|
Manager | ||
WM Founders Legacy II, LLC
|
|||
/s/ Justin Hartfield
|
|||
By:
|
Justin Hartfield | ||
Its:
|
Manager | ||
Genco Incentives, LLC
|
|||
/s/ Douglas Francis
|
|||
By:
|
Douglas Francis | ||
Its:
|
Manager |