BitGo Holdings (BTGO) COO sells 97 shares in tax-related RSU transaction
Rhea-AI Filing Summary
BitGo Holdings, Inc. Chief Operating Officer Jody Mettler reported a sale of 97 shares of Class A Common Stock on 2026-08-07. The shares were sold to cover tax withholding obligations arising from the vesting and settlement of restricted stock units through a "sell to cover" transaction. The shares were sold in block trades for multiple security holders at a weighted average price of $5.0154 per share, within a range of $4.96 to $5.07. Following this transaction, Mettler directly holds 38,373 shares of BitGo Holdings, Inc. Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 97 shares
Net Sell
1 txn
Insider
Mettler Jody
Role
Chief Operating Officer
Sold
97 shs ($486.49)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 97 | $5.0154 | $486.49 |
Holdings After Transaction:
Class A Common Stock — 38,373 shares (Direct)
Footnotes (2)
- F1. The sales reported on this Form 4 represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units to satisfy tax withholding obligations to be funded by a "sell to cover" transaction.
- F2. The price reported in this line item is a weighted average price. These shares were sold as part of block trades for multiple security holders of the Issuer at prices ranging from $4.96 to $5.07 inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein with regard to the block trades.
Key Figures
Shares sold: 97 shares
Weighted average sale price: $5.0154 per share
Post-transaction holdings: 38,373 shares
+1 more
4 metrics
Shares sold
97 shares
Class A Common Stock sold on 2026-08-07
Weighted average sale price
$5.0154 per share
Block trades for multiple security holders, range $4.96–$5.07
Post-transaction holdings
38,373 shares
Directly held Class A Common Stock after reported sale
Transaction date
2026-08-07
Date of reported sale of Class A Common Stock
Key Terms
sell to cover, restricted stock units, weighted average price
3 terms
sell to cover financial
"to be funded by a "sell to cover" transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
restricted stock units financial
"in connection with the vesting and settlement of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average price financial
"The price reported in this line item is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did BTGO Chief Operating Officer Jody Mettler report?
Jody Mettler reported a sale of 97 shares of BitGo Holdings, Inc. Class A Common Stock on 2026-08-07, executed as a sell-to-cover transaction for tax withholding on vested restricted stock units.
Was the BTGO insider sale made under a Rule 10b5-1 trading plan?
The Form 4 indicates that the Rule 10b5-1 checkbox is not marked, and there is no footnote stating the transaction was made under a pre-arranged 10b5-1 trading plan, suggesting it was not executed pursuant to such a plan.