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
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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.
How many BitGo (BTGO) shares are RSUs in the CFO’s reported holdings?
Of the 584,000 Class A shares reported, 116,000 are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Class A Common Stock as it vests under its award terms.
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.