Handerhan Michal bought BTCS
July 9, 2025 · Form 4 insider transaction
Handerhan Michal bought 237,479 shares of BTCS Inc. at $1.90 per share, a transaction worth $451.2K. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 1 day after the transaction.
Footnotes
On July 9, 2025, the reporting person exercised options to purchase 350,000 shares of the issuer's common stock at an exercise price of $1.90 per share. The reporting person paid the exercise price on a cashless basis, resulting in the issuer withholding 112,521 of the option shares to pay the exercise price and issuing to the reporting person the remaining shares.; Represents shares of common stock acquired upon exercise of 350,000 stock options with an exercise price of $1.90 per share. The number of shares issued was calculated by multiplying the number of options exercised by the preceding day's closing stock price of $5.91 to determine the total stock value, then subtracting the aggregate exercise price, and dividing the result by the same closing price.; Includes shares of restricted common stock subject to forfeiture if certain vesting conditions are not met.