Flint A. Lane - Mar 7, 2022 Form 4 Insider Report for BTRS Holdings Inc. (BTRS)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Aimie Killeen, Attorney-in-Fact
Stock symbol: BTRS
Transactions as of: Mar 7, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/9/2022, 03:46 PM
Previous filing: Dec 7, 2021
Next filing: Mar 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BTRS	Class 1 Common Stock	Award	$0	+424K	+2.4%	$0.00	18.1M	Mar 7, 2022	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 as approved by the Compensation Committee of the Board of Directors. Each RSU represents a contingent right to receive one share of Issuer's Class 1 Common Stock. The RSU's are subject to a three-year vesting schedule, with 1/3rd of the RSU's vesting on each anniversary of the Vesting Commencement Date, or February 1, 2022, subject to the Reporting Person's Continuous Service (as defined in the 2020 Equity Incentive Plan) through each vesting date.

Content

The Reporting Person was granted restricted stock units ("RSUs") under the Issuer's 2020 Equity Incentive Plan as approved by the Compensation Committee of the Board of Directors. Each RSU represents a contingent right to receive one share of Issuer's Class 1 Common Stock. The RSU's are subject to a three-year vesting schedule, with 1/3rd of the RSU's vesting on each anniversary of the Vesting Commencement Date, or February 1, 2022, subject to the Reporting Person's Continuous Service (as defined in the 2020 Equity Incentive Plan) through each vesting date.