4//SEC Filing
Pinado Steven 4
Accession 0001774155-22-000079
CIK 0001774155other
Filed
May 17, 8:00 PM ET
Accepted
May 18, 2:14 PM ET
Size
5.5 KB
Accession
0001774155-22-000079
Insider Transaction Report
Form 4
Pinado Steven
President
Transactions
- Sale
Class 1 Common Stock
2022-05-16$4.74/sh−13,151$62,336→ 508,150 total
Footnotes (1)
- [F1]Represents the sale 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.
Documents
Issuer
BTRS Holdings Inc.
CIK 0001774155
Entity typeother
Related Parties
1- filerCIK 0001836188
Filing Metadata
- Form type
- 4
- Filed
- May 17, 8:00 PM ET
- Accepted
- May 18, 2:14 PM ET
- Size
- 5.5 KB