Document

Exhibit 10.2

WM Technology, Inc.

Amended and Restated

Non-Employee Director Compensation Policy

Approved and Adopted by the Board of Directors: October 1, 2023 Effective October 1, 2023

The purpose of this Non-Employee Director Compensation Policy (the “Policy”) of WM Technology, Inc., a Delaware corporation (the “Company”), is to provide a total compensation package that enables the Company to attract and retain, on a long-term basis, high-caliber directors who are not employees or officers of the Company or its subsidiaries (“Outside Directors”). An Outside Director may decline all or any portion of his or her compensation by giving notice to the Company prior to the date cash may be paid or equity awards are to be granted, as the case may be.

In furtherance of the purpose stated above, all Outside Directors who serve as a member of the Board of Directors (the “Board”) shall receive, as compensation for services provided to the Company, (a) the cash retainers set forth below and (b) a grant of restricted stock units as set forth below.

1.Cash Retainers

Outside Directors are eligible to receive the annual cash retainers in the amounts and subject to the terms and conditions as set forth below. All payments shall be made in arrears on the last business day of each fiscal quarter in which the Outside Director’s service occurred. All annual cash retainers are vested upon payment.

If an Outside Director joins the Board or a committee of the Board at a time other than effective as of the first day of a fiscal quarter, each annual retainer set forth below will be prorated based on days served in the applicable fiscal year, with the prorated amount paid for the first fiscal quarter in which the Outside Director provides the service, and regular full quarterly payments thereafter.

All retainers set forth below are effective as of January 1, 2023.

(a)Annual Retainer for Board Membership: $50,000 for general availability and participation in meetings and conference calls of our Board.

(b)Additional Annual Retainers for Committee Membership:

Audit Committee Chairperson: $20,000

Audit Committee member (other than Chairperson): $10,000

Exhibit 10.2

Compensation Committee Chairperson: $15,000

Compensation Committee member (other than Chairperson): $7,500 Nominating and Corporate Governance Committee Chairperson: $10,000

Nominating and Corporate Governance Committee member (other than Chairperson): $5,000

Technology Committee Chairperson: $15,000

Technology Committee member (other than Chairperson): $7,500

(c)Additional Annual Retainer for Chairperson of our Board of Directors (if an Outside Director): $60,000

(d)Additional Annual Retainer for Lead Independent Director: $25,000 for serving as lead independent director of our Board of Directors.

(e)Additional Meeting Fees for each Director: Any Outside Director who attends more than eight (8) meetings of (i) the Board plus (ii) any ad hoc or special committee meetings not named in I.(b) above during any calendar year will receive an additional $1,000 for each meeting attended in the calendar year in excess of eight (8). Any Outside Director who attends more than eight (8) meetings of any Committee named in I.(b) above on which that Outside Director serves during any calendar year will receive $1,000 for each meeting of that Committee attended in the calendar year in excess of eight (8).

2.Equity Retainers

(a)New Director Grants. Without any further action of the Board or Compensation Committee of the Board, each Outside Director who is elected or appointed for the first time to be an Outside Director will automatically, upon the date of his or her initial election or appointment to be an Outside Director (the “Commencement Date”), receive an initial, one-time grant of restricted stock units (the “New Director Grant”) with an aggregate value of approximately (i) $200,000 multiplied by the ratio of (A) the number of calendar months between the Commencement Date and the first anniversary of the date of the Company’s most recent annual meeting of the Company’s stockholders, rounded up to the nearest whole number (which in no circumstance will be greater than 12), and (B) 12, plus (ii) $200,000 multiplied by the number of whole calendar years remaining on the Outside Director’s term. The portion of the grant described in clause (i) of the prior sentence will vest on the date of the next annual meeting of the Company’s Stockholders (the “First Meeting Date”) and the portion of the grant described in clause (ii) of the prior sentence, if any, will vest in equal annual installments on the date of each annual meeting of the Company’s stockholders (an “Annual Meeting Date”) following the First Meeting Date that is part of the Outside Directors initial term. The New Director Grant may only be granted once to any Outside Director.

Exhibit 10.2

(b)Initial Term Grants. On the date that this Policy is adopted and approved by the Board, each Outside Director who is then in office will automatically receive a one-time grant of restricted stock units (each, an “Initial Term Grant”) with an aggregate value of approximately

$200,000 multiplied by the number of whole calendar years remaining on the Outside Director’s term. Each Initial Term Grant will vest in equal annual installments on the date of each remaining Annual Meeting Date following the First Meeting Date subsequent to the effectiveness of the Initial Term Grant that is part of the Outside Directors current term. The Initial Term Grant may only be granted once to any Outside Director.

(c)Renewal Term Grants. Without any further action of the Board or Compensation Committee of the Board, at the close of business on each Annual Meeting Date, each Outside Director who is re-elected by the Company’s stockholders to continue as a member of the Board on such Annual Meeting Date will receive a grant of restricted stock units on the Annual Meeting Date (the “Renewal Term Grant”) with an aggregate value of approximately $600,000, that vests in three equal annual installments over the next three Annual Meeting Dates.

3.General

All grants of equity retainer awards to Outside Directors pursuant to this Policy will be automatic and nondiscretionary and will be made in accordance with the following provisions:

(a)Plan. The grants of equity retainer awards to Outside Directors will be made pursuant to the Company’s 2021 Equity Incentive Plan (the “Plan”).

(b)Value. For purposes of this Policy, the number of restricted stock units granted to an Outside Director hereunder shall be calculated by dividing the target value of such award by the volume weighted average price of the Common Stock (as defined in the Plan) during the 60 trading day period ending on the day prior to the effective date of the grant (or, if that end date isn’t a trading day, the trading day prior). If the value of each grant of restricted stock units is denominated in dollars, the number of shares of restricted stock units that are granted pursuant to each award shall be rounded down to the nearest whole share.

(c)Revisions. The Board and/or the Compensation Committee in its discretion may change and otherwise revise the terms of awards to be granted under this Policy, including, without limitation, the number of shares subject thereto, for awards of the same or different type granted on or after the date the Board and/or the Compensation Committee determines to make any such change or revision.

(d)Vesting; Change in Control Acceleration. All vesting is subject to the Outside Director’s Continuous Service (as defined in the Plan) through the applicable vesting date. Notwithstanding the foregoing vesting schedule, for each Outside Director who remains in Continuous Service with the Company until immediately prior to the closing of a Change in Control (as defined in the Plan) (the “Closing”):

i.The portion of each New Director Grant held by such Outside Director that, if the Change in Control had not occurred, would have vested at each of the next two Annual Meeting Dates following the Closing date

Exhibit 10.2

will, immediately prior to the Closing, accelerate and become vested;

ii.The portion of each Initial Term Grant held by such Outside Director that, if the Change in Control had not occurred, would have vested at the next Annual Meeting Date following the Closing date will, immediately prior to the Closing, accelerate and become vested; and

iii.The portion of each Renewal Term Grant held by such Outside Director that, if the Change in Control had not occurred, would have vested at the next Annual Meeting Date following the Closing date will, immediately prior to the Closing, accelerate and become vested.

(e)Remaining Terms. The remaining terms and conditions of each restricted stock unit, including transferability, will be as set forth in the Company’s standard restricted stock unit award agreement, in the applicable form adopted from time to time by the Board or the Compensation Committee of the Board.

4.Expenses

The Company will reimburse all reasonable out-of-pocket travel expenses incurred by Outside Directors in attending meetings of the Board or any Committee thereof; provided, that the Outside Director timely submits to the Company appropriate documentation substantiating such expenses in accordance with the Company’s travel and expense policy, as in effect from time to time.

5.Maximum Annual Compensation

The aggregate value of all compensation granted or paid, as applicable, to any individual for service as an Outside Director with respect to any calendar year, including equity awards granted and cash fees paid by the Company to such Outside Director, will not exceed (i) $750,000 in total value or (ii) in the event such Outside Director is first appointed or elected to the Board during any calendar year, $1,000,000 in total value, in each case calculating the value of any equity awards based on the grant date fair value of such equity awards for financial reporting purposes (or such other limit as may be set forth in Section 3(d) of the Plan or any similar provision of a successor plan).

6.Administration

The Board, or Compensation Committee of the Board, will administer the Policy. The Board or the Compensation Committee of the Board will have the sole discretion and authority to administer, interpret, amend and terminate the Policy, and the decisions of the Board or the Compensation Committee of the Board will be final and binding on all persons having an interest in the Policy.