BitGo (BTGO) COO acquires 10,000 shares through option exercise
Rhea-AI Filing Summary
BitGo Holdings, Inc. Chief Operating Officer Jody Mettler exercised stock options for 10,000 Class A shares on July 21, 2025 at an exercise price of $0.21 per share. The option exercise, coded as transaction type “M,” increased Mettler’s directly held Class A Common Stock to 50,000 shares. Following the transaction, Mettler also directly held 155,000 stock options with a $0.21 exercise price.
The filing notes that the transaction occurred before BitGo registered a class of equity securities under Section 12 of the Exchange Act in connection with its initial public offering and is reported under Rule 16a-2(a). The underlying option award vested 25% on April 15, 2024, with the remaining 75% scheduled to vest in equal monthly installments, subject to Mettler’s continued service with the company.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 10,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 10,000 | $0.21 | $2K |
Footnotes (1)
- The transaction occurred prior to the Issuer's registration of a class of equity securities under Section 12 of the Exchange Act in connection with the Issuer's initial public offering, and the transaction is reported herein pursuant to Rule 16a-2(a). The options vested as to 25% of the award, from which certain shares have been previously exercised, on April 15, 2024. The remaining 75% of the options will vest in equal monthly installments thereafter until such time as the options are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
FAQ
What insider transaction did BitGo (BTGO) report for its COO?
BitGo reported that Chief Operating Officer Jody Mettler exercised stock options for 10,000 shares of Class A Common Stock on July 21, 2025, at an exercise price of $0.21 per share, coded as transaction type “M.”
What options does the BitGo (BTGO) COO hold following the reported transaction?
Following the transaction, Chief Operating Officer Jody Mettler directly holds 155,000 stock options with an exercise price of $0.21 per option, each relating to BitGo Class A Common Stock.
Why does this BitGo (BTGO) Form 4 mention the company’s initial public offering?
The filing explains that the transaction occurred before BitGo registered a class of equity securities under Section 12 of the Exchange Act in connection with its initial public offering, and is therefore being reported under Rule 16a-2(a).
How do the BitGo (BTGO) COO’s options vest according to this Form 4?
The options vested as to 25% of the award on April 15, 2024, with some of those shares previously exercised. The remaining 75% will vest in equal monthly installments until 100% vested, subject to the COO’s continued service on each vesting date.
What is the relationship of the reporting person to BitGo (BTGO)?
The reporting person on this Form 4, Jody Mettler, is an officer of BitGo Holdings, Inc., serving as the company’s Chief Operating Officer.