Michal Handerhan - 08 Jul 2025 Form 4 Insider Report for BTCS Inc. (BTCS)

Role
COO, Director
Signature
/s/ Michal Handerhan
Issuer symbol
BTCS
Transactions as of
08 Jul 2025
Transactions value $
-$75,605
Form type
4
Filing time
10 Jul 2025, 17:00:34 UTC
Previous filing
12 May 2025
Next filing
18 Jul 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Handerhan Michal COO, Director 9466 GEORGIA AVENUE #124, SILVER SPRING /s/ Michal Handerhan 10 Jul 2025 0001599522

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BTCS Common Stock Sale -$527K -87.2K -5.44% $6.04 1.52M 08 Jul 2025 Direct F1, F2
transaction BTCS Common Stock Options Exercise $451K +237K +15.66% $1.90 1.75M 09 Jul 2025 Direct F2, F3, F4

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 Stock Options (Right to Buy) Options Exercise -350K -100% 0 09 Jul 2025 Common Stock 350K $1.90 Direct F5, F6
* 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 $6.00 to $6.11, 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 restricted common stock subject to forfeiture if certain vesting conditions are not met.
F3 On July 9, 2025, the reporting person exercised options to purchase 350,000 shares of the issuer's common stock at an exercise price of $1.90 per share. The reporting person paid the exercise price on a cashless basis, resulting in the issuer withholding 112,521 of the option shares to pay the exercise price and issuing to the reporting person the remaining shares.
F4 Represents shares of common stock acquired upon exercise of 350,000 stock options with an exercise price of $1.90 per share. The number of shares issued was calculated by multiplying the number of options exercised by the preceding day's closing stock price of $5.91 to determine the total stock value, then subtracting the aggregate exercise price, and dividing the result by the same closing price.
F5 The stock options vested as follows: 140,000 options vested on January 1, 2022 and the remaining options vested based upon certain performance milestones involving the issuer's stock price.
F6 Not applicable.