Juli Spottiswood - Jul 1, 2021 Form 4 Insider Report for BTRS Holdings Inc. (BTRS)

Role: Director
Signature: /s/ Keith Omsberg, Attorney-in-Fact
Stock symbol: BTRS
Transactions as of: Jul 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 8/13/2021, 05:26 PM
Next filing: Oct 4, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BTRS	Class 1 Common Stock	Award	$0	+1.93K	+38.65%	$0.00	6.92K	Jul 1, 2021	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The Reporting Person was granted restricted stock units ("RSUs") under the Issuer's 2020 Equity Incentive Plan pursuant to the Issuer's Non-Employee Director Compensation Policy. Each RSU represents a contingent right to receive one share of Issuer's Class 1 Common Stock. In accordance with the Non-Employee Director Compensation Policy, the RSUs became fully vested on the date of grant. The shares of Class 1 Common Stock to be received for each vested RSU are subject to a Lock-Up Agreement (the Lock-Up) until October 4, 2021. The terms of the Lock-Up permit the vesting of RSUs by the Reporting Person, and the shares of Class 1 Common Stock to be issued as a result of the vesting of the RSUs are subject to the terms of the Lock-Up.

Content

The Reporting Person was granted restricted stock units ("RSUs") under the Issuer's 2020 Equity Incentive Plan pursuant to the Issuer's Non-Employee Director Compensation Policy. Each RSU represents a contingent right to receive one share of Issuer's Class 1 Common Stock. In accordance with the Non-Employee Director Compensation Policy, the RSUs became fully vested on the date of grant. The shares of Class 1 Common Stock to be received for each vested RSU are subject to a Lock-Up Agreement (the Lock-Up) until October 4, 2021. The terms of the Lock-Up permit the vesting of RSUs by the Reporting Person, and the shares of Class 1 Common Stock to be issued as a result of the vesting of the RSUs are subject to the terms of the Lock-Up.