Bitgo COO relinquishes 72 shares for taxes
Bitgo’s COO settled RSU-related tax obligations through cancellation of 72 shares, retaining 38,301 shares directly.
Rhea-AI Filing Summary
BITGO HOLDINGS, INC. (BTGO) reported that Chief Operating Officer Jody Mettler had 72 shares of Class A Common Stock withheld and cancelled on September 6, 2026 to satisfy federal and state tax withholding obligations arising from the vesting of restricted stock units. These shares were relinquished to the company rather than sold in the market, leaving Mettler with 38,301 shares held directly after the transaction. No Rule 10b5-1 trading plan is reported for this tax-withholding event.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 72 shares
Tax Withholding
1 txn
Insider
Mettler Jody
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1 | 72 | $7.30 | $525.60 |
Holdings After Transaction:
Class A Common Stock — 38,301 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 withheld for tax liability: 72 shares
Per-share value for tax-withholding disposition: $7.30 per share
Shares held after transaction: 38,301 shares
3 metrics
Shares withheld for tax liability
72 shares
Class A Common Stock withheld and cancelled on September 6, 2026
Per-share value for tax-withholding disposition
$7.30 per share
Valuation applied to the 72-share tax-withholding disposition
Shares held after transaction
38,301 shares
Direct holdings of COO Jody Mettler following 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
"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"
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 report for COO Jody Mettler?
BTGO reported that COO Jody Mettler had 72 shares of Class A Common Stock withheld and cancelled on September 6, 2026 to cover federal and state tax withholding arising from vesting of restricted stock units.
Was the BTGO insider transaction by the COO a market sale?
No. The filing states the 72 shares were relinquished and cancelled by the issuer in exchange for the issuer paying Mettler’s RSU-related tax withholding obligations, rather than being sold in the open market.
Was the BTGO COO’s tax-withholding transaction under a Rule 10b5-1 plan?
No. The Form 4 indicates no Rule 10b5-1 trading plan for this transaction; the document-level checkbox is not affirmed and the footnote does not reference any such plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.