Charles Allen - Sep 14, 2021 Form 4 Insider Report for BTCS Inc. (BTCS)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Charles Allen
Stock symbol
BTCS
Transactions as of
Sep 14, 2021
Transactions value $
$0
Form type
4
Date filed
9/14/2021, 04:05 PM
Next filing
Jan 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BTCS Common Stock Conversion of derivative security +2.95M +1471.9% 3.15M Sep 14, 2021 Direct F1, F2

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 BTCS Series C-2 Convertible Preferred Stock Conversion of derivative security -810K -100% 0 Sep 14, 2021 Common Stock 2.95M Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Series C-2 Preferred Stock (the "C-2") automatically converted into the issuer's common stock upon the issuer listing its Common Stock on The Nasdaq Stock Market, LLC. The conversion price was $1.70 per share, adjusted for the reverse stock split described in footnote (2) below. As previously disclosed, the C-2 would automatically convert into shares of common stock upon the earlier of: (i) the four-year anniversary of the initial issuance date, and (ii) the issuer's common stock being listed on a national securities exchange.
F2 Reflects a 1-for-10 reverse stock split which became effective in August 2021, prior to the filing date of this Form 4.
F3 Not applicable.