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BitGo (BTGO) CEO Michael Belshe has 119,219 shares withheld for tax obligations

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4/A

Rhea-AI Filing Summary

BITGO HOLDINGS, INC. director and CEO Michael Belshe reported a routine tax-related share disposition. On this Form 4/A, the company withheld 119,219 shares of Class A Common Stock at $18.00 per share to cover tax liabilities tied to restricted stock units. After this withholding, Belshe directly owns 880,781 shares of Class A Common Stock.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4UNITED 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*
Belshe Michael

(Last)(First)(Middle)
C/O BITGO HOLDINGS, INC.
101 S. REID STREET, SUITE 307, PMB# 9793

(Street)
SIOUX FALLS SOUTH DAKOTA 57103

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
BITGO HOLDINGS, INC. [ BTGO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
CEO, President, CTO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
01/21/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)
01/23/2026
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)
CodeVAmount(A) or (D)Price
Class A Common Stock01/21/2026F(1)119,219D$18880,781D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The transaction represents the number of shares of Class A Common Stock withheld by the Issuer to satisfy tax withholding liabilities in connection with the net settlement of restricted stock units.
Remarks:
This amendment to Form 4 filed on January 23, 2026 reflects a correction to the number of shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock units.
/s/ Edward Reginelli, Attorney-in-Fact03/25/2026
** Signature of Reporting PersonDate
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

What insider transaction did BTGO CEO Michael Belshe report on this Form 4/A?

Michael Belshe reported a tax-related share disposition where 119,219 BTGO Class A shares were withheld. The company retained these shares to satisfy tax withholding obligations arising from the net settlement of restricted stock units.

Was Michael Belshe’s BTGO transaction an open-market sale of shares?

No, the BTGO transaction was not an open-market sale. The 119,219 shares were withheld by the company to cover tax liabilities from restricted stock units, a standard administrative step rather than a discretionary share sale.

How many BTGO shares does Michael Belshe hold after the reported tax withholding?

After the reported withholding, Michael Belshe directly owns 880,781 shares of BTGO Class A Common Stock. This figure reflects his remaining direct position following the 119,219 shares used to satisfy tax obligations on restricted stock units.

What price per share was used for the BTGO tax-withholding transaction?

The tax-withholding disposition used a price of $18.00 per BTGO Class A share. This price was applied to 119,219 withheld shares when the company settled tax liabilities tied to the vesting of restricted stock units.

What does the Form 4/A footnote reveal about BTGO’s withheld shares?

The footnote explains that BTGO withheld 119,219 shares of Class A Common Stock to satisfy tax withholding liabilities. These arose in connection with the net settlement of restricted stock units, clarifying the transaction as a compensation-related mechanism.

Does this BTGO Form 4/A indicate new option or warrant exercises by Michael Belshe?

The BTGO Form 4/A does not show option or warrant exercises. It records only a tax-withholding disposition of 119,219 Class A shares tied to restricted stock units, with no derivative securities exercises listed in the derivative summary.
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