Charles Allen - 20 Feb 2024 Form 4 Insider Report for BTCS Inc. (BTCS)

Signature
/s/ Charles Allen
Issuer symbol
BTCS
Transactions as of
20 Feb 2024
Transactions value $
-$78,020
Form type
4
Filing time
21 Feb 2024, 17:00:25 UTC
Previous filing
16 Jan 2024
Next filing
16 Sep 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BTCS Common Stock Sale -$78K -50K -1.16% $1.56 4.26M 20 Feb 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions ranging from $1.50 to $1.70, inclusive. The reporting person undertakes to provide to BTCS Inc., any security holder of BTCS, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the preceding sentence. The securities were sold under a 10b5-1 plan.
F2 Includes shares of common stock issuable upon vesting of restricted stock units.