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BTCS Inc. — Director's Dealing 2025
Jul 10, 2025
33585_dirs_2025-07-10_169a7b9d-2268-47f0-a229-d93cc549c884.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: BTCS Inc. (BTCS)
CIK: 0001436229
Period of Report: 2025-07-08
Reporting Person: Handerhan Michal (Director, COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-07-08 | Common Stock | S | 87221 | $6.04 | Disposed | 1516881 | Direct |
| 2025-07-09 | Common Stock | M | 237479 | $1.90 | Acquired | 1754360 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-07-09 | Stock Options (Right to Buy) | $1.90 | M | 350000 | Disposed | 2026-01-01 | Common Stock (350000) | Direct |
Footnotes
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.
F2: Includes shares of restricted common stock subject to forfeiture if certain vesting conditions are not met.
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.
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.
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.
F6: Not applicable.