Michal Handerhan - Mar 7, 2024 Form 4 Insider Report for BTCS Inc. (BTCS)

Role
COO, Director, 10%+ Owner
Signature
/s/ Michal Handerhan
Stock symbol
BTCS
Transactions as of
Mar 7, 2024
Transactions value $
-$148,327
Form type
4
Date filed
3/11/2024, 04:01 PM
Previous filing
Mar 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BTCS Common Stock Sale -$42.6K -28.2K -1.65% $1.51 1.68M Mar 7, 2024 Direct F1, F3
transaction BTCS Common Stock Sale -$106K -69.5K -4.13% $1.52 1.61M Mar 8, 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions ranging from $1.50 to $1.565, inclusive. The reporting person undertakes to provide to BTCS, Inc., any security holder of BTCS, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the preceding sentence. The securities were sold under a 10b5-1 plan.
F2 The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions ranging from $1.50 to $1.61, inclusive. The reporting person undertakes to provide to BTCS, Inc., any security holder of BTCS, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the preceding sentence. The securities were sold under a 10b5-1 plan.
F3 Includes shares of common stock issuable upon vesting of restricted stock units.