Michael E. Prevoznik JR - Jan 2, 2022 Form 4 Insider Report for BTCS Inc. (BTCS)

Role: CFO
Signature: /s/ Michael E. Prevoznik JR
Stock symbol: BTCS
Transactions as of: Jan 2, 2022
Transactions value $: $0
Form type: 4
Date filed: 1/4/2022, 08:08 PM
Previous filing: Dec 9, 2021
Next filing: Dec 1, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BTCS	Common Stock	Award	$0	+55.6K		$0.00	55.6K	Jan 2, 2022	Direct	F1, F5
transaction	BTCS	Common Stock	Award	$0	+55.6K	+100%	$0.00	111K	Jan 2, 2022	Direct	F2, F5
transaction	BTCS	Common Stock	Award	$0	+55.6K	+50%	$0.00	167K	Jan 2, 2022	Direct	F3, F5
transaction	BTCS	Common Stock	Award	$0	+55.6K	+33.33%	$0.00	222K	Jan 2, 2022	Direct	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. The restricted stock units shall vest when the Issuer's market capitalization reaches and sustains a market capitalization for 30 consecutive days above $100,000,000. Once the market capitalization target has been met, 20% of the restricted stock units will vest on the one-year anniversary from January 2, 2022 (the "Grant Date"), and the remaining 80% of the restricted stock units will vest monthly over the four years following the one year anniversary of the Grant Date.
F2	Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. The restricted stock units shall vest when the Issuer's market capitalization reaches and sustains a market capitalization for 30 consecutive days above $150,000,000. Once the market capitalization target has been met, 20% of the restricted stock units will vest on the one-year anniversary of the Grant Date, and the remaining 80% of the restricted stock units will vest monthly over the four years following the one year anniversary of the Grant Date.
F3	Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. The restricted stock units shall vest when the Issuer's market capitalization reaches and sustains a market capitalization for 30 consecutive days above $200,000,000. Once the market capitalization target has been met, 20% of the restricted stock units will vest on the one-year anniversary of the Grant Date, and the remaining 80% of the restricted stock units will vest monthly over the four years following the one year anniversary of the Grant Date.
F4	Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. The restricted stock units shall vest when the Issuer's market capitalization reaches and sustains a market capitalization for 30 consecutive days above $400,000,000. Once the market capitalization target has been met, 20% of the restricted stock units will vest on the one-year anniversary of the Grant Date, and the remaining 80% of the restricted stock units will vest monthly over the four years following the one year anniversary of the Grant Date.
F5	The vesting of the reported securities are subject to shareholder approval approving an increase in the 2021 Equity Incentive Plan or the creation of a new plan as required under Nasdaq rules.