Redpoint funds shift into BitGo (BTGO) Class A as preferred stock converts

Rhea-AI Filing Summary

BitGo Holdings, Inc. insider filing shows preferred stock converting into common shares around the company’s initial public offering. Investment entities Redpoint Ventures V, L.P. and Redpoint Ventures V, LLC, both 10% owners, reported automatic conversions of their preferred holdings on January 23, 2026.

The filing lists the conversion of Series A and Series B Preferred Stock into Class A Common Stock on a 1-for-1 basis for no additional consideration, immediately before the IPO closing. Following these conversions, 10,484,516 Class A shares are held directly and 268,432 Class A shares indirectly through Redpoint Associates V, LLC.

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

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X

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^*

Redpoint Ventures V, L.P.

(Last) (First) (Middle)

C/O REDPOINT MANAGEMENT, LLC

2969 WOODSIDE ROAD

(Street)

WOODSIDE CA 94062

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BITGO HOLDINGS, INC. [ BTGO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/23/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	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
Class A Common Stock	01/23/2026		C		10,484,516	A	(1)	10,484,516	D
Class A Common Stock	01/23/2026		C		268,432	A	(1)	268,432	I	By Redpoint Associates V, LLC(2)

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
Series A Preferred Stock	(1)	01/23/2026		C			9,446,081	(1)	(1)	Class A Common Stock	9,446,081	(1)	0	D
Series A Preferred Stock	(1)	01/23/2026		C			242,207	(1)	(1)	Class A Common Stock	242,207	(1)	0	I	By Redpoint Associates V, LLC(2)
Series B Preferred Stock	(1)	01/23/2026		C			1,038,435	(1)	(1)	Class A Common Stock	1,038,435	(1)	0	D
Series B Preferred Stock	(1)	01/23/2026		C			26,225	(1)	(1)	Class A Common Stock	26,225	(1)	0	I	By Redpoint Associates V, LLC(2)

1. Name and Address of Reporting Person^*

Redpoint Ventures V, L.P.

(Last) (First) (Middle)

C/O REDPOINT MANAGEMENT, LLC

2969 WOODSIDE ROAD

(Street)

WOODSIDE CA 94062

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Redpoint Ventures V, LLC

(Last) (First) (Middle)

C/O REDPOINT MANAGEMENT, LLC

2969 WOODSIDE ROAD

(Street)

WOODSIDE CA 94062

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. Each share of Series A and Series B Preferred Stock automatically converted into shares of Class A Common Stock immediately prior to the closing of the Issuer's initial public offering for no additional consideration on a 1-for-1 basis and had no expiration date.

2. Redpoint Ventures V, LLC ("RV V LLC"), is the sole general partner of Redpoint Ventures V, L.P. ("RV V"). RV V LLC and Redpoint Associates V, LLC ("RA V") are under common control. As such, RV V LLC has sole voting and investment control over the shares owned by RV V, and may be deemed to beneficially own the shares held by RV V. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein, except to the extent of its respective pecuniary interest therein.

	Redpoint Ventures V, L.P. , By Redpoint Ventures V, LLC, its general partner, By /s/ Jeffrey Brody, Managing Director	01/27/2026
	Redpoint Ventures V, LLC, By /s/ Jeffrey Brody, Managing Director	01/27/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did BTGO report for Redpoint Ventures V on January 23, 2026?

BitGo Holdings, Inc. reported that Redpoint Ventures V entities converted their Series A and Series B Preferred Stock into Class A Common Stock on January 23, 2026. The conversion was automatic, tied to the closing of the company’s initial public offering, with no additional consideration required.

How many BTGO Class A shares does Redpoint report owning after the Form 4 transactions?

After the reported conversions, Redpoint’s filing shows 10,484,516 Class A Common shares held directly and 268,432 Class A Common shares held indirectly through Redpoint Associates V, LLC. These figures reflect the positions immediately following the January 23, 2026 automatic preferred-to-common conversions.

What was converted into BitGo (BTGO) Class A Common Stock in this Form 4?

The filing states that shares of Series A and Series B Preferred Stock automatically converted into BitGo Class A Common Stock. The conversion happened immediately prior to the closing of BitGo’s initial public offering on a 1-for-1 basis, with no expiration date on the preferred securities beforehand.

Was there any cash paid in Redpoint’s BTGO preferred stock conversions?

According to the disclosure, each share of Series A and Series B Preferred Stock converted into one share of Class A Common Stock for no additional consideration. This means the change was a non-cash, structural conversion associated with BitGo’s initial public offering process.

Who controls voting and investment decisions for the BTGO shares reported by Redpoint?

The footnote explains that Redpoint Ventures V, LLC is the sole general partner of Redpoint Ventures V, L.P. and has sole voting and investment control over shares owned by that partnership. The reporting persons also disclaim beneficial ownership beyond their respective pecuniary interests in the BitGo shares.

How is Redpoint Associates V, LLC involved in the BTGO Form 4 positions?

Part of the BitGo Class A Common Stock is reported as held indirectly through Redpoint Associates V, LLC. The Form 4 notes 268,432 Class A shares with indirect ownership labeled as “By Redpoint Associates V, LLC,” reflecting that some holdings are through this related investment entity under common control.