Andrew J. Herning - 01 Dec 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 Dec 2022
Net transactions value
-$673
Form type
4
Filing time
05 Dec 2022, 16:12:57 UTC
Previous filing
15 Nov 2022
Next filing
20 Dec 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 $188,696 +106,608 +115% $1.77* 199,419 01 Dec 2022 Direct
transaction BTRS Class 1 Common Stock Options Exercise $81,413 +37,175 +19% $2.19* 236,594 01 Dec 2022 Direct
transaction BTRS Class 1 Common Stock Options Exercise $17,332 +7,914 +3.3% $2.19* 244,508 01 Dec 2022 Direct
transaction BTRS Class 1 Common Stock Sale $288,114 -30,456 -12% $9.46 214,052 01 Dec 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 -106,608 -100% $0.000000* 0 01 Dec 2022 Class 1 Common Stock 106,608 $1.77 Direct F2
transaction BTRS Stock Option (right to buy) Options Exercise $0 -37,175 -58% $0.000000 27,107 01 Dec 2022 Class 1 Common Stock 37,175 $2.19 Direct F3
transaction BTRS Stock Option (right to buy) Options Exercise $0 -7,914 -100% $0.000000* 0 01 Dec 2022 Class 1 Common Stock 7,914 $2.19 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The 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 These stock options were granted December 16, 2015 and vested and became exercisable in eight semi-annual installments, subject to the Reporting Person's continuous service.
F3 These stock options were granted May 12, 2020 and vested and became exercisable in eight semi-annual installments, subject to the Reporting Person's continuous service.
F4 These stock options were granted May 12, 2020 and vested and became exercisable in four semi-annual installments, subject to the Reporting Person's continuous service.