[Form 4] Bitcoin Depot Inc. Insider Trading Activity
Rhea-AI Filing Summary
Christopher Scott Buchanan, COO and President of Bitcoin Depot Inc. (BTM), reported the sale of 7,000 shares of Class A common stock on 10/03/2025. The sale reduced his beneficial ownership to 133,276 shares and was effected under a Rule 10b5-1 trading plan established on 04/08/2025. The filing states the reported sale price is a weighted average of trades executed on that date, with prices ranging from $3.76 to $3.86. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person.
Positive
- None.
Negative
- None.
Insights
Insider executed a planed sale under Rule 10b5-1; ownership remains material.
The sale of 7,000 shares on 10/03/2025 was transacted under a Rule 10b5-1 plan established on 04/08/2025, which indicates pre-authorized dispositions rather than opportunistic trading.
This maintained transparency by disclosing the weighted average price range of $3.76–$3.86 and the post-sale beneficial ownership of 133,276 shares, allowing investors to see the magnitude of the insider's remaining position.
Filing demonstrates compliance with Section 16 and 10b5-1 disclosure requirements.
The Form 4 includes the 10b5-1 plan checkbox, execution date of the plan (04/08/2025), and a commitment to provide transaction-level pricing on request, aligning with SEC disclosure expectations.
The signature by an attorney-in-fact is properly noted, completing required attestations for the reported insider transaction.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A common stock | 7,000 | $3.82 | $27K |
Footnotes (1)
- The sale of stock reflected in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on April 8, 2025. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions on October 3, 2025 at prices ranging from $3.76 to $3.86, inclusive. The reporting person undertakes to provide to the issuer, any security holder 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 in this Form 4.