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BTCS Form 4: Charles Allen Gifts 8k Shares, Maintains Major Holding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

BTCS Inc. (Ticker: BTCS) – Form 4 insider filing dated 07/03/2025

Chief Executive Officer, Director and >10% shareholder Charles W. Allen reported a bona-fide gift of 8,000 shares of BTCS common stock on 07/02/2025. The transaction is coded “G,” indicating no sale proceeds and no price reported. Following the transfer, Allen continues to own 4,170,622 shares held directly.

Because the distribution represents approximately 0.2% of his reported holdings and involves no market transaction, the filing signals no immediate change to public float or insider ownership concentration beyond the marginal reduction of shares held by the reporting person.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Small, non-monetary insider gift; minimal impact on float or sentiment.

The filing discloses a gift transfer of 8,000 shares—insignificant next to Allen’s 4.17 million-share stake. With no sale proceeds and no Rule 10b5-1 plan involved, the action neither signals profit-taking nor alters market supply. Investors should view the event as routine housekeeping rather than a valuation driver.

Insider Allen Charles W
Role CEO
Type Security Shares Price Value
Gift Common Stock 8,000 $0.00 --
Holdings After Transaction: Common Stock — 4,170,622 shares (Direct)
Footnotes (1)
  1. [object Object]
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Allen Charles W
(Last) (First) (Middle)
9466 GEORGIA AVENUE #124
(Street)
SILVER SPRING MD 20910
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BTCS Inc. [ BTCS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
CEO
3. Date of Earliest Transaction (Month/Day/Year)
07/02/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/02/2025 G 8,000 D (1) 4,170,622 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The reported transaction represents a bona-fide gift. This is not a market transaction, thus no price has been reported. No value was received for the gifted shares.
/s/ Charles Allen 07/03/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

How many BTCS shares did CEO Charles W. Allen transfer?

He transferred 8,000 shares as a bona-fide gift.

What is Charles W. Allen’s BTCS shareholding after the transaction?

After the gift, he directly owns 4,170,622 common shares.

Was the 07/02/2025 BTCS insider transaction a sale or purchase?

Neither. It was coded “G,” indicating a gift with no sale proceeds.

Does the Form 4 indicate use of a Rule 10b5-1 trading plan?

No. The filing does not mark the 10b5-1 checkbox.

What ownership roles does Charles W. Allen hold at BTCS?

He is a Director, CEO, and more than 10% owner.