Large equity grants to BTCS Inc. (BTCS) CTO in latest Form 4 filing
Rhea-AI Filing Summary
BTCS Inc. reported that its CTO, Benjamin Hunter, received significant equity awards on January 1, 2026. He acquired 54,377 shares of common stock and had 11,962 shares of common stock disposed of under transaction code F, leaving him with 238,775 common shares directly held after that disposition.
Hunter was also granted 1,049,243 restricted stock units, each representing one share of common stock. Of these, 524,625 shares are subject to shareholder approval and are scheduled to vest in equal annual increments over five years starting on January 1, 2027, while 524,618 shares vest only if multiple stock price and market cap thresholds are met. In addition, he received 97,879 stock options with a $2.64 exercise price, which are scheduled to vest on December 31, 2026, subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (Right to Buy) | 97,879 | $0.00 | -- |
| Grant/Award | Common Stock | 54,377 | $0.00 | -- |
| Tax Withholding | Common Stock | 11,962 | $0.00 | -- |
| Grant/Award | Common Stock | 1,049,243 | $0.00 | -- |
Footnotes (1)
- Not applicable. Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock ("Units"). The grant of Units were approved by the Issuer's Board of Directors and exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder. 524,625 shares are subject to shareholder approval and vest in equal annual increments over a period of five years with the first vesting on January 1, 2027. The remaining 524,618 shares are subject to multiple stock price and market cap vesting thresholds. The grant of Incentive Stock Options were approved by the Issuer's Board of Directors and exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder. The reported securities vest on December 31, 2026, subject to continued employment with the Issuer on the vesting date.