BitGo (BTGO) CFO reports 584,000 shares and 16,000 options
Rhea-AI Filing Summary
BitGo Holdings, Inc. filed an initial ownership report for its CFO, Edward Reginelli. The filing shows he beneficially owns 584,000 shares of Class A Common Stock, including 116,000 restricted stock units that each represent a right to receive one share when they vest under their award terms.
The report also lists a stock option to buy 16,000 shares of Class A Common Stock at an exercise price of $0.21 per share, expiring on 10/06/2032. Twenty‑five percent of this option vested on September 15, 2023, with the remaining 75% scheduled to vest in equal monthly installments, conditioned on his continued service to the company on each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Includes 116,000 restricted stock units ("RSUs") that vest in accordance with the terms of the applicable award. Each RSU represents a contingent right to receive one share of Class A Common Stock. The options vested as to 25% of the award, from which certain shares have been previously exercised, on September 15, 2023. The remaining 75% of the option will vest in equal monthly installments thereafter until such time as the options are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
FAQ
What insider ownership did BTGO CFO Edward Reginelli report on this Form 3?
Edward Reginelli, CFO of BitGo Holdings, Inc. (BTGO), reported beneficial ownership of 584,000 shares of Class A Common Stock, held directly.
What stock options did the BTGO CFO disclose on this Form 3?
The CFO reported a stock option to buy 16,000 shares of Class A Common Stock with an exercise price of $0.21 per share and an expiration date of 10/06/2032.
How do the BitGo (BTGO) CFO’s stock options vest according to the filing?
The filing states that 25% of the option vested on September 15, 2023, with the remaining 75% vesting in equal monthly installments until fully vested, subject to his continued service to BitGo on each vesting date.
Is the BitGo (BTGO) CFO reported as a 10% owner in this Form 3?
No. The Form 3 identifies Edward Reginelli as an officer (CFO), and the 10% owner box is not checked, so he is not reported as a 10% owner in this filing.
What is the purpose of this BitGo (BTGO) Form 3 filing?
This is an initial statement of beneficial ownership for the CFO, listing his direct holdings of Class A Common Stock, RSUs, and stock options in BitGo Holdings, Inc.