Michal Handerhan - 08 Jul 2025 Form 4 Insider Report for BTCS Inc. (BTCS)

Reporting relationship: COO, Director
Issuer ticker: BTCS
Reported as of: 08 Jul 2025
Net transaction value: -$75,605
SEC form: 4
Accepted by SEC: 10 Jul 2025, 17:00:34 UTC
Prior SEC filing: 12 May 2025
Next SEC filing: 18 Jul 2025
Source filing: View source filing
Reporting owner signature: /s/ Michal Handerhan

Key filing fact

Michal Handerhan filed Form 4 for BTCS Inc. (BTCS) on 10 Jul 2025.

Key facts

This page summarizes Michal Handerhan's Form 4 filing for BTCS Inc. (BTCS).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 10 Jul 2025, 17:00.

Change

Previous filing in this sequence was filed on 12 May 2025.
Current net transaction value: -$75,605.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001599522 Primary reporting owner

Handerhan Michal

Relationship: COO, Director
Address: 9466 GEORGIA AVENUE #124, SILVER SPRING
Signature: /s/ Michal Handerhan
Signature date: 10 Jul 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BTCS transaction

Common Stock

Sale

Transaction value: $526,815
Shares: -87,221
Change %: -5.4%
Price: $6.04
Shares after: 1,516,881
Date: 08 Jul 2025
Ownership: Direct
Footnotes: F1, F2

BTCS transaction

Common Stock

Options Exercise

Transaction value: $451,210
Shares: +237,479
Change %: +16%
Price: $1.90
Shares after: 1,754,360
Date: 09 Jul 2025
Ownership: Direct
Footnotes: F2, F3, F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BTCS transaction Derivative

Stock Options (Right to Buy)

Options Exercise

Transaction value
Shares: -350,000
Change %: -100%
Price
Shares after: 0
Date: 09 Jul 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 350,000
Exercise price: $1.90
Footnotes: F5, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 6 footnotes

Footnote F1

The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions ranging from $6.00 to $6.11, inclusive. The reporting person undertakes to provide to BTCS, Inc., any security holder of BTCS, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the preceding sentence. The securities were sold under a 10b5-1 plan.

Footnote F2

Includes shares of restricted common stock subject to forfeiture if certain vesting conditions are not met.

Footnote F3

On July 9, 2025, the reporting person exercised options to purchase 350,000 shares of the issuer's common stock at an exercise price of $1.90 per share. The reporting person paid the exercise price on a cashless basis, resulting in the issuer withholding 112,521 of the option shares to pay the exercise price and issuing to the reporting person the remaining shares.

Footnote F4

Represents shares of common stock acquired upon exercise of 350,000 stock options with an exercise price of $1.90 per share. The number of shares issued was calculated by multiplying the number of options exercised by the preceding day's closing stock price of $5.91 to determine the total stock value, then subtracting the aggregate exercise price, and dividing the result by the same closing price.

Footnote F5

The stock options vested as follows: 140,000 options vested on January 1, 2022 and the remaining options vested based upon certain performance milestones involving the issuer's stock price.

Footnote F6

Not applicable.