Andrew J. Herning - 01 Jun 2022 Form 4 Insider Report for BTRS Holdings Inc.

Role: Senior Vice President, Finance
Signature: /s/ Aimie Killeen, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 01 Jun 2022
Net transactions value: -$545
Form type: 4
Filing time: 03 Jun 2022, 09:25:08 UTC
Previous filing: 18 May 2022
Next filing: 15 Nov 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	$26,550	+15,000	+18%	$1.77^*	98,601	01 Jun 2022	Direct
transaction	BTRS	Class 1 Common Stock	Sale	$27,095	-5,496	-5.6%	$4.93	93,105	01 Jun 2022	Direct	F1

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	-15,000	-12%	$0.000000	106,608	01 Jun 2022	Class 1 Common Stock	15,000	$1.77	Direct	F2

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

Explanation of Responses:

Id	Content
F1	This transaction reported represents the sale of shares by the Reporting Person to pay the exercise price and related fees in connection with the exercise of stock options as disclosed in Table II.
F2	The shares of Class 1 common stock underlying these options vested and became first exercisable on December 16, 2015, and thereafter in semi-annual installments, subject to the Reporting Person's continuous service.