4//SEC Filing
Garrity David 4
Accession 0001493152-21-000220
CIK 0001436229other
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 4:33 PM ET
Size
10.7 KB
Accession
0001493152-21-000220
Insider Transaction Report
Form 4
BTCS Inc.BTCS
Garrity David
Director
Transactions
- Award
Common Stock
2021-01-01+250,000→ 250,835 total - Award
Series C-2 Convertible Preferred Stock
2021-01-01$15000.00/sh+15,000$225,000,000→ 88,235 totalExercise: $0.17→ Common Stock (88,235 underlying) - Award
Stock Options (Right to Buy)
2021-01-01+1,000,000→ 1,000,000 totalExercise: $0.19→ Common Stock (1,000,000 underlying)
Footnotes (5)
- [F1]Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. The restricted stock units shall vest when the issuer lists its Common Stock on the Nasdaq or NYSE.
- [F2]The vesting (and exercisability for the stock options) of the reported securities are subject to shareholder approval. Additionally, the Series C-2 Convertible Preferred Stock (the "Series C-2") is subject to redemption at 107% of investment value if shareholder approval is not received.
- [F3]Each share of Series C-2 is convertible into shares of the issuer's common stock beginning on the two-year anniversary of the initial issuance date at a per-share conversion rate determined by dividing the stated value ($1.00 per share as of the initial issuance date) by $0.17, subject to anti-dilution adjustment provisions. Further, the Series C-2 automatically converts into shares of common stock upon the earlier of: (i) the four-year anniversary of the initial issuance date, and (ii) the issuer's common stock being listed on a national securities exchange.
- [F4]The stock options shall vest as follow: 400 thousand options will vest on January 1, 2022 and the remaining options will vest based upon certain performance milestones involving the issuer's stock price.
- [F5]Not applicable.
Documents
Issuer
BTCS Inc.
CIK 0001436229
Entity typeother
Related Parties
1- filerCIK 0001720019
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 4:33 PM ET
- Size
- 10.7 KB