Michael E. Prevoznik Jr. - 02 Jan 2022 Form 4 Insider Report for BTCS Inc. (BTCS)

Role
CFO
Signature
/s/ Michael E. Prevoznik JR
Issuer symbol
BTCS
Transactions as of
02 Jan 2022
Net transactions value
$0
Form type
4
Filing time
04 Jan 2022, 20:08:26 UTC
Previous filing
09 Dec 2021
Next filing
01 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BTCS Common Stock Award $0 +55,556 $0.000000 55,556 02 Jan 2022 Direct F1, F5
transaction BTCS Common Stock Award $0 +55,556 +100% $0.000000 111,112 02 Jan 2022 Direct F2, F5
transaction BTCS Common Stock Award $0 +55,556 +50% $0.000000 166,668 02 Jan 2022 Direct F3, F5
transaction BTCS Common Stock Award $0 +55,556 +33% $0.000000 222,224 02 Jan 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.