4//SEC Filing
Lane Flint A. 4
Accession 0001774155-21-000040
CIK 0001774155other
Filed
May 18, 8:00 PM ET
Accepted
May 19, 5:52 PM ET
Size
6.8 KB
Accession
0001774155-21-000040
Insider Transaction Report
Form 4
Lane Flint A.
DirectorChief Executive Officer10% Owner
Transactions
- Tax Payment
Class 1 Common Stock
2021-05-17$12.34/sh−2,439$30,097→ 17,514,217 total
Holdings
- 7,839,464(indirect: By GRAT)
Class 1 Common Stock
Footnotes (2)
- [F1]Represents the withholding of shares by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of restricted stock units ("RSUs") received pursuant to Section 3.07 (the "Earnout Rights") of that certain Business Combination Agreement, dated as of October 18, 2020 and as amended, by and among the Issuer and certain other parties thereto. Each RSU represents a contingent right to receive one share of class 1 common stock of the Issuer. The number of RSUs issuable pursuant to the Earnout Rights was determined, and the Reporting Person's right to receive such RSUs subject to the Earnout Rights became fixed and irrevocable on February 10, 2021, the date on which the Issuer's closing share price equaled or exceeded $12.50 and $15.00 for 20 trading days within a consecutive 30-trading day period.
- [F2]These Shares are held by the Flint Lane 2009 Grantor Retained Annuity Trust (the "GRAT") for the benefit of the Reporting Person's children. The Reporting Person's spouse is trustee of the GRAT. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
Documents
Issuer
BTRS Holdings Inc.
CIK 0001774155
Entity typeother
Related Parties
1- filerCIK 0001836198
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 5:52 PM ET
- Size
- 6.8 KB