Andrew J. Herning - 08 Dec 2021 Form 4 Insider Report for BTRS Holdings Inc.

Role: Senior Vice President, Finance
Signature: /s/ Keith Omsberg Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 08 Dec 2021
Net transactions value: +$17,520
Form type: 4
Filing time: 09 Dec 2021, 20:47:58 UTC
Previous filing: 19 Nov 2021
Next filing: 22 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BTRS	Class 1 Common Stock	Options Exercise	$17,520	+8,000	+20%	$2.19^*	47,979	08 Dec 2021	Direct

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	BTRS	Stock Option (right to buy)	Options Exercise	$0	-8,000	-11%	$0.000000	64,282	08 Dec 2021	Class 1 Common Stock	8,000	$2.19	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The shares of Class 1 common stock underlying this option vested and became first exercisable on November 11, 2020, and thereafter in semi-annual installments, subject to the Reporting Person's continuous service with the Issuer on each such date.