Bitgo CRO relinquishes 220 shares for tax withholding
Bitgo’s Chief Revenue Officer had 220 shares withheld and cancelled to cover taxes on vested restricted stock units, leaving 1,256,704 Class A shares held directly.
Rhea-AI Filing Summary
BITGO HOLDINGS, INC. insider Fang Chen, Chief Revenue Officer and director, reported a disposition of 220 shares of Class A Common Stock on September 6, 2026. The shares were relinquished and cancelled in exchange for the company’s agreement to pay federal and state tax withholding obligations arising from the vesting of restricted stock units.
After this tax-withholding transaction, Fang Chen holds 1,256,704 shares of Class A Common Stock directly. No Rule 10b5-1 trading plan is reported for this transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 220 shares
Tax Withholding
1 txn
Insider
Fang Chen
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1 | 220 | $7.30 | $2K |
Holdings After Transaction:
Class A Common Stock — 1,256,704 shares (Direct)
Footnotes (1)
- F1. Represents shares relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units.
Key Figures
Shares relinquished for tax withholding: 220 shares
Per-share value for tax-withholding shares: $7.30 per share
Shares held after transaction: 1,256,704 shares
3 metrics
Shares relinquished for tax withholding
220 shares
Class A Common Stock cancelled on September 6, 2026 to cover tax withholding from RSU vesting
Per-share value for tax-withholding shares
$7.30 per share
Value applied to 220 Bitgo Class A Common Stock shares used for tax withholding
Shares held after transaction
1,256,704 shares
Class A Common Stock directly owned by Fang Chen after the September 6, 2026 transaction
Key Terms
restricted stock units, tax withholding obligations, Class A Common Stock
3 terms
restricted stock units financial
"resulting from the vesting 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.
tax withholding obligations financial
"to pay federal and state tax withholding obligations of the Reporting Person"
Class A Common Stock financial
"Represents shares relinquished by the Reporting Person and cancelled by the Issuer"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did BTGO’s Chief Revenue Officer report?
Fang Chen reported relinquishing 220 shares of Bitgo Class A Common Stock on September 6, 2026, which were cancelled in exchange for Bitgo paying federal and state tax withholding obligations from vested restricted stock units.
Was the BTGO insider transaction part of a Rule 10b5-1 trading plan?
No. The filing indicates that the transaction was not made pursuant to a Rule 10b5-1 trading plan. It reflects shares relinquished and cancelled to satisfy tax withholding obligations from vesting restricted stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.