Bitgo CFO relinquishes 88 shares for taxes
Bitgo’s CFO had 88 shares withheld and cancelled to cover taxes from RSU vesting, an administrative equity event rather than an open-market trade.
Rhea-AI Filing Summary
BITGO HOLDINGS, INC. (BTGO) reported that Chief Financial Officer Edward Reginelli had 88 shares of Class A Common Stock withheld on September 6, 2026, at $7.30 per share. The shares were relinquished and cancelled to cover federal and state tax withholding from vesting restricted stock units, leaving him with 582,310 directly held shares. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 88 shares
Tax Withholding
1 txn
Insider
Reginelli Edward
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1 | 88 | $7.30 | $642.40 |
Holdings After Transaction:
Class A Common Stock — 582,310 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: 88 shares
Per-share value of relinquished shares: $7.30 per share
Shares held after transaction: 582,310 shares
+1 more
4 metrics
Shares relinquished for tax withholding
88 shares
Class A Common Stock disposed of on September 6, 2026 to cover tax withholding from RSU vesting
Per-share value of relinquished shares
$7.30 per share
Value applied to the 88 shares relinquished on September 6, 2026
Shares held after transaction
582,310 shares
Direct holdings of Class A Common Stock reported after the September 6, 2026 tax-withholding event
Number of tax-withholding events in this filing
1 event
Single reported disposition of shares to satisfy tax withholding obligations
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"
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 CFO report on September 6, 2026?
Edward Reginelli reported that 88 shares of Class A Common Stock were relinquished and cancelled on September 6, 2026, to cover federal and state tax withholding obligations arising from the vesting of restricted stock units.
Was the BTGO CFO’s September 2026 transaction an open-market sale?
No. The filing states the 88 shares were relinquished and cancelled in exchange for Bitgo’s agreement to pay the CFO’s tax withholding obligations from vesting restricted stock units, rather than being sold in the open market.
Was the BTGO CFO’s transaction made under a Rule 10b5-1 plan?
No Rule 10b5-1 trading plan is reported. The document-level indicator for Rule 10b5-1 plans is marked as not selected for this Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.