Manish Paranjape - Feb 22, 2022 Form 4 Insider Report for BTCS Inc. (BTCS)

Role
CTO
Signature
/s/ Manish Paranjape
Stock symbol
BTCS
Transactions as of
Feb 22, 2022
Transactions value $
$0
Form type
4
Date filed
2/23/2022, 03:01 PM
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BTCS Common Stock Award $0 +45.8K $0.00 45.8K Feb 22, 2022 Direct F1, F6
transaction BTCS Common Stock Award $0 +40K +87.5% $0.00 85.8K Feb 22, 2022 Direct F2, F6
transaction BTCS Common Stock Award $0 +40K +46.67% $0.00 126K Feb 22, 2022 Direct F3, F6
transaction BTCS Common Stock Award $0 +40K +31.82% $0.00 166K Feb 22, 2022 Direct F4, F6
transaction BTCS Common Stock Award $0 +40K +24.14% $0.00 206K Feb 22, 2022 Direct F5, F6
holding BTCS Common Stock 1.36K Feb 22, 2022 By Kilwar LLC
* 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 as follows: (i) one-fifth on February 22, 2023 and (ii) the remaining in 48 equal (monthly) increments, with each vesting tranche being subject to continued employment on such applicable vesting date.
F2 Represents long-term incentive restricted stock units. Each long-term incentive restricted stock unit represents a contingent right to receive one share of the issuer's common stock. The long-term incentive 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 of the Transaction Date, and the remaining 80% of the restricted stock units will vest monthly over the four years following the one year anniversary of the Transaction Date.
F3 Represents long-term incentive restricted stock units. Each long-term incentive restricted stock unit represents a contingent right to receive one share of the issuer's common stock. The long-term incentive 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 Transaction Date, and the remaining 80% of the restricted stock units will vest monthly over the four years following the one year anniversary of the Transaction Date.
F4 Represents long-term incentive restricted stock units. Each long-term incentive restricted stock unit represents a contingent right to receive one share of the issuer's common stock. The long-term incentive 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 Transaction Date, and the remaining 80% of the restricted stock units will vest monthly over the four years following the one year anniversary of the Transaction Date.
F5 Represents long-term incentive restricted stock units. Each long-term incentive restricted stock unit represents a contingent right to receive one share of the issuer's common stock. The long-term incentive 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 Transaction Date, and the remaining 80% of the restricted stock units will vest monthly over the four years following the one year anniversary of the Transaction Date.
F6 The vesting and delivery of the shares of common stock underlying the reported securities are subject to the receipt of shareholder approval approving an increase in the authorized shares under the 2021 Equity Incentive Plan or the creation of a new plan as required under Nasdaq rules.