4//SEC Filing
Paranjape Manish 4
Accession 0001493152-22-005230
CIK 0001436229other
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 4:01 PM ET
Size
15.2 KB
Accession
0001493152-22-005230
Insider Transaction Report
Form 4
BTCS Inc.BTCS
Transactions
- Award
Common Stock
2022-02-22+45,767→ 45,767 total - Award
Common Stock
2022-02-22+40,046→ 165,905 total - Award
Common Stock
2022-02-22+40,045→ 205,950 total - Award
Common Stock
2022-02-22+40,046→ 125,859 total - Award
Common Stock
2022-02-22+40,046→ 85,813 total
Holdings
- 1,364(indirect: By LLC)
Common Stock
Footnotes (6)
- [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 as follows: (i) one-fifth on February 22, 2023 and (ii) the remaining in 48 equal (monthly) increments, with each vesting tranche being subject to continued employment on such applicable vesting date.
- [F2]Represents long-term incentive restricted stock units. Each long-term incentive restricted stock unit represents a contingent right to receive one share of the issuer's common stock. The long-term incentive restricted stock units shall vest when the Issuer's market capitalization reaches and sustains a market capitalization for 30 consecutive days above $100,000,000. Once the market capitalization target has been met, 20% of the restricted stock units will vest on the one-year anniversary of the Transaction Date, and the remaining 80% of the restricted stock units will vest monthly over the four years following the one year anniversary of the Transaction Date.
- [F3]Represents long-term incentive restricted stock units. Each long-term incentive restricted stock unit represents a contingent right to receive one share of the issuer's common stock. The long-term incentive restricted stock units shall vest when the Issuer's market capitalization reaches and sustains a market capitalization for 30 consecutive days above $150,000,000. Once the market capitalization target has been met, 20% of the restricted stock units will vest on the one-year anniversary of the Transaction Date, and the remaining 80% of the restricted stock units will vest monthly over the four years following the one year anniversary of the Transaction Date.
- [F4]Represents long-term incentive restricted stock units. Each long-term incentive restricted stock unit represents a contingent right to receive one share of the issuer's common stock. The long-term incentive restricted stock units shall vest when the Issuer's market capitalization reaches and sustains a market capitalization for 30 consecutive days above $200,000,000. Once the market capitalization target has been met, 20% of the restricted stock units will vest on the one-year anniversary of the Transaction Date, and the remaining 80% of the restricted stock units will vest monthly over the four years following the one year anniversary of the Transaction Date.
- [F5]Represents long-term incentive restricted stock units. Each long-term incentive restricted stock unit represents a contingent right to receive one share of the issuer's common stock. The long-term incentive restricted stock units shall vest when the Issuer's market capitalization reaches and sustains a market capitalization for 30 consecutive days above $400,000,000. Once the market capitalization target has been met, 20% of the restricted stock units will vest on the one-year anniversary of the Transaction Date, and the remaining 80% of the restricted stock units will vest monthly over the four years following the one year anniversary of the Transaction Date.
- [F6]The vesting and delivery of the shares of common stock underlying the reported securities are subject to the receipt of shareholder approval approving an increase in the authorized shares under the 2021 Equity Incentive Plan or the creation of a new plan as required under Nasdaq rules.
Documents
Issuer
BTCS Inc.
CIK 0001436229
Entity typeother
Related Parties
1- filerCIK 0001912833
Filing Metadata
- Form type
- 4
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 4:01 PM ET
- Size
- 15.2 KB