Andrew J. Herning - Dec 1, 2022 Form 4 Insider Report for BTRS Holdings Inc. (BTRS)

Role
Senior Vice President, Finance
Signature
/s/ Aimie Killeen, Attorney-in-Fact
Stock symbol
BTRS
Transactions as of
Dec 1, 2022
Transactions value $
-$673
Form type
4
Date filed
12/5/2022, 04:12 PM
Previous filing
Nov 15, 2022
Next filing
Dec 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BTRS Class 1 Common Stock Options Exercise $189K +107K +114.87% $1.77* 199K Dec 1, 2022 Direct
transaction BTRS Class 1 Common Stock Options Exercise $81.4K +37.2K +18.64% $2.19* 237K Dec 1, 2022 Direct
transaction BTRS Class 1 Common Stock Options Exercise $17.3K +7.91K +3.34% $2.19* 245K Dec 1, 2022 Direct
transaction BTRS Class 1 Common Stock Sale -$288K -30.5K -12.46% $9.46 214K Dec 1, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BTRS Stock Option (right to buy) Options Exercise $0 -107K -100% $0.00* 0 Dec 1, 2022 Class 1 Common Stock 107K $1.77 Direct F2
transaction BTRS Stock Option (right to buy) Options Exercise $0 -37.2K -57.83% $0.00 27.1K Dec 1, 2022 Class 1 Common Stock 37.2K $2.19 Direct F3
transaction BTRS Stock Option (right to buy) Options Exercise $0 -7.91K -100% $0.00* 0 Dec 1, 2022 Class 1 Common Stock 7.91K $2.19 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transaction reported represents the sale of shares by the Reporting Person to pay the exercise price and related fees in connection with the exercise of stock options as disclosed in Table II.
F2 These stock options were granted December 16, 2015 and vested and became exercisable in eight semi-annual installments, subject to the Reporting Person's continuous service.
F3 These stock options were granted May 12, 2020 and vested and became exercisable in eight semi-annual installments, subject to the Reporting Person's continuous service.
F4 These stock options were granted May 12, 2020 and vested and became exercisable in four semi-annual installments, subject to the Reporting Person's continuous service.