[Form 4] Bitcoin Depot Inc. Warrant Insider Trading Activity

Rhea-AI Filing Summary

Bitcoin Depot Inc. reporting person Christopher Scott Buchanan, who serves as COO, President and a director, sold 7,000 Class A common shares on 09/05/2025. The sale was made pursuant to a Rule 10b5-1 trading plan entered on April 8, 2025, and occurred at a weighted average price of $3.5245 with transaction prices ranging from $3.50 to $3.55. Following the reported sale, the reporting person beneficially owns 140,276 Class A shares. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 09/09/2025.

Positive

• Transaction executed under a documented Rule 10b5-1 trading plan
• Reporting person retains substantial beneficial ownership (140,276 Class A shares)
• Sale prices and weighted average are fully disclosed ($3.50–$3.55; weighted avg $3.5245)

Negative

• Reporting person disposed of 7,000 Class A shares on 09/05/2025

Insights

Corporate Governance Expert

TL;DR: Insider sale executed under a pre-established 10b5-1 plan; indicates planned liquidity, not necessarily new information.

The filing shows an insider disposition of 7,000 Class A shares under a Rule 10b5-1 plan established April 8, 2025. Because the sale was covered by a documented trading plan, this transaction aligns with standard compliance practices to avoid allegations of trading on nonpublic information. The reporting person remains a significant holder with 140,276 shares after the sale, and the filing was executed via attorney-in-fact as permitted. For governance review, the key data points are the plan date, exact share counts, and price range disclosed directly in the Form 4.

Securities Analyst

TL;DR: The sale is a limited insider disposition; size and pricing suggest modest liquidity action rather than a major position change.

The sale of 7,000 shares at a weighted average price of $3.5245, with prices between $3.50 and $3.55, is explicitly reported. Post-transaction beneficial ownership is 140,276 shares. The use of a 10b5-1 plan (entered April 8, 2025) is documented, which implies the trades were pre-authorized. From a market-impact perspective, the disclosed volume is small relative to typical free float sizes for most issuers; the Form 4 provides necessary quantitative disclosure for investor transparency.

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^*

Buchanan Christopher Scott

(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)
	COO and President

3. Date of Earliest Transaction (Month/Day/Year)
09/05/2025

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	09/05/2025		S(1)		7,000	D	$3.5245(2)	140,276	D

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

Explanation of Responses:

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.

2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions on September 5, 2025 at prices ranging from $3.50 to 3.55, 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.

	/s/ Felicity Lewis as attorney-in-fact for Scott Buchanan	09/09/2025
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did the Bitcoin Depot insider (BTMWW) report on Form 4?

The Form 4 reports that Christopher Scott Buchanan sold 7,000 Class A common shares on 09/05/2025 and now beneficially owns 140,276 shares.

Was the insider sale by the Bitcoin Depot (BTMWW) reporting person pre-planned?

Yes. The sale was effected pursuant to a Rule 10b5-1 trading plan entered by the reporting person on April 8, 2025.

At what price were the BTMWW shares sold?

The shares were sold at prices ranging from $3.50 to $3.55, with a reported weighted average price of $3.5245.

What roles does the reporting person hold at Bitcoin Depot?

The Form 4 identifies Christopher Scott Buchanan as a Director and an Officer with the titles COO and President.

Who signed the Form 4 for the reporting person?

The Form 4 was signed on behalf of the reporting person by Felicity Lewis as attorney-in-fact on 09/09/2025.