Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 11, 2021, the Compensation Committee of the Board of Directors of WM Technology, Inc. (the "Company") approved the Company's Severance and Change in Control Plan (the "Plan"). The Company's named executive officers, including Chris Beals and Justin Dean, are eligible to participate in the Plan.

Pursuant to the Plan, in the event of a participant's termination of employment by the Company without "cause" (other than as a result of death or "disability") or by the participant for "good reason," in either case, during the period commencing three months prior to and ending 12 months following the closing of a "change in control" (as such terms are defined in the Plan) (such period, the "Change in Control Period"), the participant will be entitled to:

•a lump sum cash payment equal to a number of months of the participant's then-current base salary (18 months for Mr. Beals and 12 months for Mr. Dean); •a lump sum cash payment equal to a percentage of the participant's target incentive bonus for the year in which the termination occurs (150% for Mr. Beals and 100% for Mr. Dean); •payment of group health insurance premiums for a specified period (up to 18 months for Mr. Beals and up to 12 months for Mr. Dean); and •full vesting acceleration of all outstanding equity awards (with any performance-based vesting awards deemed achieved at target level).

In addition, pursuant to the Plan, in the event of a participant's termination of employment by the Company without cause or, in the case of Mr. Beals, by the participant for good reason, outside a Change in Control Period, the participant will be entitled to:

•continued payment of the participant's then-current base salary for a number of months (12 months for Mr. Beals and nine months for Mr. Dean) (such period, the "Severance Period"); •a percentage of the participant's target incentive bonus for the year in which the termination occurs (100% for Mr. Beals and 75% for Mr. Dean), with such amount paid made in equal installments over the Severance Period; and •payment of group health insurance premiums for a specified period (up to 12 months for Mr. Beals and up to nine months for Mr. Dean).

All payments and benefits under the Plan are subject to the participant's timely execution of an effective release of claims against the Company.

The foregoing description of the Plan does not purport to be complete and is qualified in its entirety by reference to the Plan, a copy of which is attached hereto and filed herewith as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits



(d)   Exhibits

  Exhibit                               Description
   99.1          WM Technology, Inc. Severance and Change in Control Plan

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