Lee Charles Benjamin 4
4 · BTCS Inc. · Filed Apr 12, 2021
Insider Transaction Report
Form 4
BTCS Inc.BTCS
Lee Charles Benjamin
Director
Transactions
- Award
Common Stock
2021-04-01+75,000→ 75,000 total - Award
Stock Options (Right to Buy)
2021-04-01+175,000→ 175,000 totalExercise: $1.03From: 2021-04-01Exp: 2026-04-01→ Common Stock (175,000 underlying)
Footnotes (3)
- [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 a national securities exchange.
- [F2]The stock options shall vest as follow: 70,000 options will vest on April 1, 2022 and the remaining options will vest based upon the following milestones involving the issuer's stock price: 26,250 options when the trailing 20-day average closing stock price is greater than or equal to $1.288; 26,250 options when the trailing 20-day average closing stock price is greater than or equal to $1.609; 26,250 options when the trailing 20-day average closing stock price is greater than or equal to $2.012; and 26,250 options when the trailing 20-day average closing stock price is greater than or equal to $2.515.
- [F3]Not applicable.