BTCS Inc. (NASDAQ: BTCS) CEO trims stake with 420,000-share sale

Rhea-AI Filing Summary

BTCS Inc. CEO Charles W. Allen reported selling a total of 420,000 shares of BTCS common stock in open-market transactions over three consecutive days. He sold 105,000 shares on June 9 at a weighted average price of $1.2699, 150,000 shares on June 10 at $1.1944, and 165,000 shares on June 11 at $1.1098. After these sales, he directly holds 7,099,033 shares of BTCS common stock, which include restricted shares that may be forfeited if vesting conditions are not satisfied.

Insights

Equity analyst

BTCS’s CEO executed routine-sized open-market stock sales while retaining a large equity stake.

BTCS Inc.’s CEO, Charles W. Allen, sold a combined 420,000 shares of common stock in three open-market transactions at prices between about $1.11 and $1.27. These are standard Section 16-reported trades with prices disclosed as weighted averages across multiple executions.

Following the sales, Allen continues to hold 7,099,033 BTCS shares directly, including restricted stock subject to vesting conditions. Relative to his remaining position, the net-sell activity appears modest and consistent with normal portfolio or liquidity management rather than a transformational ownership change.

Insider Trade Summary 10b5-1

Net Seller: 420,000 shares ($495,617)

Net Sell 3 txns

Insider Allen Charles W

Role CEO

Sold 420,000 shs ($496K)

Type	Security	Shares	Price	Value
Sale	Common Stock	165,000	$1.1098	$183K
Sale	Common Stock	150,000	$1.1944	$179K
Sale	Common Stock	105,000	$1.2699	$133K

Holdings After Transaction: Common Stock — 7,099,033 shares (Direct, null)

Footnotes (1)

1. The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions ranging from $1.22 to $1.371 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 $1.155 to $1.25 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 $1.10 to $1.165 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 9, 2026: 105,000 shares Shares sold June 10, 2026: 150,000 shares Shares sold June 11, 2026: 165,000 shares +3 more

6 metrics

Shares sold June 9, 2026 105,000 shares Common stock open-market sale at $1.2699 weighted average

Shares sold June 10, 2026 150,000 shares Common stock open-market sale at $1.1944 weighted average

Shares sold June 11, 2026 165,000 shares Common stock open-market sale at $1.1098 weighted average

Total shares sold 420,000 shares Aggregate of three open-market sales reported in Form 4

Shares held after transactions 7,099,033 shares Direct BTCS common stock holdings following June 11, 2026 sales

Net buy/sell shares 420,000 shares net sold Transaction summary shows net-sell direction for period

Key Terms

open-market sale, weighted average price, restricted common stock subject to forfeiture, transaction code "S"

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 subject to forfeiture financial

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

transaction code "S" regulatory

"transaction_code": "S""

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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).

X

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)

303 W. LANCASTER AVE # 336

(Street)

WAYNE PENNSYLVANIA 19087

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BTCS Inc. [ BTCS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/09/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/09/2026		S		105,000	D	$1.2699(1)	7,414,033(4)	D
Common Stock	06/10/2026		S		150,000	D	$1.1944(2)	7,264,033(4)	D
Common Stock	06/11/2026		S		165,000	D	$1.1098(3)	7,099,033(4)	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 price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions ranging from $1.22 to $1.371 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.

2. The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions ranging from $1.155 to $1.25 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.

3. The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions ranging from $1.10 to $1.165 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.

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

	/s/ Charles Allen	06/11/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

How many BTCS (BTCS) shares did the CEO sell in this Form 4?

The BTCS CEO sold a total of 420,000 shares of common stock. These were executed as three open-market sales of 105,000, 150,000, and 165,000 shares on consecutive days, each at its own weighted average price.

On what dates did BTCS (BTCS) CEO Charles W. Allen sell shares?

Charles W. Allen sold BTCS shares on June 9, 10, and 11, 2026. Each date involved a separate open-market sale of common stock, with the Form 4 detailing the daily share amounts and weighted average prices received.

What prices did the BTCS (BTCS) CEO receive for the shares sold?

The CEO’s reported weighted average sale prices were $1.2699 on June 9, $1.1944 on June 10, and $1.1098 on June 11. Footnotes explain that each figure reflects multiple trades within specified intraday price ranges.

How many BTCS (BTCS) shares does the CEO hold after these transactions?

After the reported sales, the CEO directly holds 7,099,033 BTCS common shares. This total includes restricted stock that could be forfeited if certain vesting conditions are not ultimately met, as disclosed in the Form 4 footnotes.

Were the BTCS (BTCS) CEO’s transactions open-market sales or other types of trades?

All three transactions are reported as open-market sales of BTCS common stock. The Form 4 uses transaction code “S” and describes them as sales in open market or private transactions, with share amounts and weighted average prices provided.

Does the BTCS (BTCS) CEO still hold restricted stock after these sales?

Yes. A footnote states that the CEO’s reported holdings include restricted common stock subject to forfeiture. These restricted shares will only be fully retained if specified vesting conditions are satisfied in the future.