[Form 4] Bitcoin Depot Inc. Insider Trading Activity

Rhea-AI Filing Summary

Bitcoin Depot (BTM) reported insider transactions by CEO and Director Brandon Mintz under a Rule 10b5-1 trading plan. On November 3–5, 2025, entities affiliated with Mr. Mintz converted and sold shares in three tranches: 92,210 on November 3, 88,559 on November 4, and 168,967 on November 5, for a total of 349,736 shares. These were Class M Common Stock automatically converted to Class A Common Stock upon sale.

Weighted average sale prices were $2.57 on November 3, $2.49 on November 4, and $2.70 on November 5, with disclosed daily ranges of $2.51–$2.68, $2.45–$2.58, and $2.50–$2.80, respectively. The transactions were effected pursuant to a Rule 10b5-1 plan entered on May 31, 2025, and were reported as indirect through BD Investment Holdings II LLC. A remark clarifies prior reporting: an earlier filing related to the unwind of the issuer’s former Up‑C structure misattributed certain holdings and omitted Mr. Mintz’s direct beneficial ownership of 178,166 Class A shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Mintz Brandon Taylor

(Last) (First) (Middle)

C/O BITCOIN DEPOT INC.,

2870 PEACHTREE ROAD NE, SUITE 327

(Street)

ATLANTA GA 30305

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Bitcoin Depot Inc. [ BTM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/03/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	11/03/2025		C		92,210	A	$0	92,210	I	By BD Investment Holdings II LLC(4)
Class A Common Stock	11/03/2025		S(1)		92,210	D	$2.57(2)	0	I	By BD Investment Holdings II LLC(4)
Class A Common Stock	11/04/2025		C		88,559	A	$0	88,559	I	By BD Investment Holdings II LLC(4)
Class A Common Stock	11/04/2025		S(1)		88,559	D	$2.49(2)	0	I	By BD Investment Holdings II LLC(4)
Class A Common Stock	11/05/2025		C		168,967	A	$0	168,967	I	By BD Investment Holdings II LLC(4)
Class A Common Stock	11/05/2025		S(1)		168,967	D	$2.7(2)	0	I	By BD Investment Holdings II LLC(4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class M Common Stock	$0(3)	11/03/2025		C			92,210	(3)	(3)	Class A Common Stock	0	$0(3)	38,103,628	I	By BD Investment Holdings II LLC(4)
Class M Common Stock	$0(3)	11/04/2025		C			88,559	(3)	(3)	Class A Common Stock	0	$0(3)	38,015,069	I	By BD Investment Holdings II LLC(4)
Class M Common Stock	$0(3)	11/05/2025		C			168,967	(3)	(3)	Class A Common Stock	0	$0(3)	37,846,102	I	By BD Investment Holdings II LLC(4)

Explanation of Responses:

1. The sales of stock reflected in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Persons on May 31, 2025.

2. The sales price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions on (i) November 3, 2025 at prices ranging from $2.51 to $2.68, (ii) on November 4, 2025 at prices ranging from $2.45 to $2.58 and (iii) on November 5, 2025 at prices ranging from $2.50 to $2.80, 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 ranges set forth in this Form 4.

3. The Class M Common Stock is convertible into an equal number of shares of Class A Common Stock upon the transfer by any Reporting Person to a person or entity unaffiliated with Mr. Mintz, and has no expiration date. Pursuant to the Rule 10b5-1 Plan entered into by the Reporting Person on May 31, 2025, an aggregate of 349,736 shares of Class M Common Stock were sold on the dates noted above, resulting in the automatic conversion of the shares into Class A Common Stock upon execution of the sales.

4. Mr. Mintz is the sole managing member of BD Investment Holdings II LLC and controls voting and dispositive power over the shares held by such entity.

Remarks:

On May 30, 2025, the Issuer, Mr. Mintz and entities affiliated with Mr. Mintz undertook a transaction (the "Transaction") whereby the Issuer's former "Up-C" structure was unwound and Mr. Mintz and such affiliated entities received one share of Class M Common Stock in exchange for each share of Class V Common Stock indirectly held by them through BT Assets, Inc. immediately prior to consummation of the Transaction. The Transaction resulted in Mr. Mintz and his affiliated entities receiving only the shares they were entitled to under the Up-C structure prior to giving effect to the Transaction. The Form 4 filed in connection with the Transaction inadvertently (i) listed all shares of Class M Common Stock held by BD Investment Holdings LLC and BD Investment Holdings II LLC as directly held by Mr. Mintz and (ii) omitted the direct beneficial ownership by Mr. Mintz of 178,166 shares of the Issuer's Class A Common Stock.

	/s/ Christopher Ryan, as attorney-in-fact for Brandon Mintz	11/05/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did BTM disclose about insider trades by its CEO?

Brandon Mintz, CEO and Director, reported sales under a Rule 10b5-1 plan totaling 349,736 shares over November 3–5, 2025, following automatic conversion from Class M to Class A.

How many BTM shares were sold on each date?

Sales occurred in three tranches: 92,210 on November 3, 88,559 on November 4, and 168,967 on November 5, 2025.

What prices were received for the BTM share sales?

Weighted average prices were $2.57 (Nov 3), $2.49 (Nov 4), and $2.70 (Nov 5). Daily ranges were $2.51–$2.68, $2.45–$2.58, and $2.50–$2.80.

Were the BTM sales under a Rule 10b5-1 plan?

Yes. The filing states the trades were made pursuant to a Rule 10b5-1 plan entered on May 31, 2025.

How did Class M shares relate to the BTM sales?

The filing states Class M Common Stock automatically converts into an equal number of Class A upon transfer; 349,736 Class M shares sold converted to Class A upon sale.

Who held the BTM shares that were sold?

The sales were reported as indirect, through BD Investment Holdings II LLC, which is managed by Mr. Mintz.

Did the filing note any corrections to prior BTM ownership reporting?

Yes. It notes an earlier filing misattributed certain Class M holdings and omitted Mr. Mintz’s direct ownership of 178,166 Class A shares.