[Form 4] BTCS Inc. Insider Trading Activity

Rhea-AI Filing Summary

Director Michal Handerhan sold 333,333 shares of BTCS Inc. on 08/18/2025, reducing her direct holdings to 1,308,248 shares. The Form 4 reports the disposition as a non‑derivative transaction priced at $0 per share (indicating a disposition event rather than a report of proceeds on the form). The filing is signed by the reporting person and indicates the report was filed individually.

Positive

• Disclosure was timely and properly filed with signature and transaction date provided
• Post‑transaction beneficial ownership is disclosed (1,308,248 shares), providing transparency

Negative

• Director disposed of 333,333 common shares, which may be viewed negatively by some investors
• Form does not explain the reason or method for the $0 reported price (no indication of proceeds or 10b5‑1 plan)

Insights

Securities Analyst

TL;DR: A company director reported a significant sale of common stock, lowering direct holdings to 1.31 million shares.

The Form 4 discloses a direct disposition of 333,333 common shares by Director Michal Handerhan on 08/18/2025, leaving 1,308,248 shares beneficially owned. The report lists the transaction code as a disposition and shows a reported price of $0, which on Form 4s can reflect a non‑monetary transfer, gift, or other non‑cash disposition method; the form itself does not specify proceeds or rationale. For investors, insider sales can signal personal liquidity needs or portfolio rebalancing but the filing contains no explanation for the sale, so impact is ambiguous.

Corporate Governance Specialist

TL;DR: Insider sale disclosed; filing lacks context about reason or method, so governance implications are unclear.

The director-level sale of 333,333 shares is disclosed clearly with the post‑transaction ownership noted. The Form 4 is complete with signature and date but does not include explanatory detail such as whether the transaction was pursuant to a Rule 10b5‑1 plan or a gift. From a governance perspective, absence of contextual information limits ability to assess whether the sale raises concerns about information asymmetry or routine portfolio management.

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^*

Handerhan Michal

(Last) (First) (Middle)

9466 GEORGIA AVENUE #124

(Street)

SILVER SPRING MD 20901

(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		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025

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	08/18/2025		D		333,333	D	$0	1,308,248	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:

	/s/ Michal Handerhan	08/18/2025
	** 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.

FAQ

What did BTCS insider Michal Handerhan report on Form 4?

She reported a disposition of 333,333 common shares on 08/18/2025, leaving 1,308,248 shares beneficially owned.

When was the transaction by the BTCS director reported?

The transaction date reported on the Form 4 is 08/18/2025.

Does the Form 4 state how much the director received for the shares?

The form reports a price of $0 per share but does not state proceeds or the transaction method.

Is there an indication the sale was part of a 10b5‑1 plan?

No— the Form 4 does not indicate the transaction was made pursuant to a 10b5‑1 plan.

How many shares does Michal Handerhan beneficially own after the disposition?

She beneficially owns 1,308,248 shares following the reported disposition.