BTCS Inc. (BTCS) CEO sells 255,000 common shares in June Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BTCS Inc. CEO Charles W. Allen reported open-market sales of 255,000 shares of common stock in June. He sold 87,000 shares on June 12 at a weighted average price of $1.1493 per share and 168,000 shares on June 15 at a weighted average price of $1.2155 per share, both executed through multiple trades within stated price ranges. Following these transactions, he directly holds 6,844,033 shares of BTCS common stock, which includes restricted shares that may be forfeited if vesting conditions are not met.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 255,000 shares ($304,193)
Net Sell
2 txns
Insider
Allen Charles W
Role
CEO
Sold
255,000 shs ($304K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 168,000 | $1.2155 | $204K |
| Sale | Common Stock | 87,000 | $1.1493 | $100K |
Holdings After Transaction:
Common Stock — 6,844,033 shares (Direct, null)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions ranging from $1.12 to $1.19 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 price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions ranging from $1.18 to $1.301 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. Includes shares of restricted common stock subject to forfeiture if certain vesting conditions are not met.
Key Figures
Shares sold June 12: 87,000 shares
Shares sold June 15: 168,000 shares
Total shares sold: 255,000 shares
+3 more
6 metrics
Shares sold June 12
87,000 shares
Open-market sale at $1.1493 weighted average
Shares sold June 15
168,000 shares
Open-market sale at $1.2155 weighted average
Total shares sold
255,000 shares
Net-sell across two June transactions
Holdings after final sale
6,844,033 shares
Direct BTCS common stock held by CEO after June 15
June 12 trade range
$1.12–$1.19
Price range for multiple trades on June 12
June 15 trade range
$1.18–$1.301
Price range for multiple trades on June 15
Key Terms
open-market sale, weighted average price, restricted common stock, beneficial ownership
4 terms
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
restricted common stock financial
"Includes shares of restricted common stock subject to forfeiture"
Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.
beneficial ownership financial
"any security holder of BTCS Inc., or the staff of the Securities and Exchange Commission"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transactions did BTCS (BTCS) report for Charles W. Allen?
BTCS reported that CEO Charles W. Allen sold 255,000 shares of common stock in June through two open-market transactions. These trades occurred on June 12 and June 15 at weighted average prices around $1.15 and $1.22 per share, respectively.
Do the CEO’s BTCS (BTCS) holdings include any restricted stock after these transactions?
Yes. The filing specifies that the CEO’s reported holdings include shares of restricted common stock. These restricted shares are subject to forfeiture if certain vesting conditions described in the company’s equity arrangements are not met.