Belshe Michael 4

What Happened

• Michael Belshe, reported as a 10% owner of BitGo Holdings, disposed of 21,200 shares of Class A common stock on 2026-05-22. The shares were withheld by the issuer to satisfy tax withholding obligations in connection with the net settlement of restricted stock units (RSUs). The transaction value was $146,916 based on a per-share value of $6.93.
• This was not an open-market sale for cash proceeds by the insider but a routine tax-withholding (disposition) tied to RSU settlement.

Key Details

• Transaction date: 2026-05-22; filing date: 2026-06-12 (filed 21 days after the transaction).
• Price per share: $6.93; total value: $146,916.
• Shares involved: 21,200 shares withheld/disposed.
• Filing code: F (tax withholding in connection with net settlement of RSUs). Footnote: issuer withheld shares to satisfy tax withholding liabilities.
• Shares owned after transaction: not specified in the provided filing.
• Timeliness: Filing appears late (filed more than the typical 2 business days after the transaction); late filings can draw SEC attention and may be noted by investors.

Context

• This was a net settlement/tax-withholding event for RSUs (often called a cashless/net settlement), where the company retains shares to cover taxes rather than the insider selling shares on the open market.
• Such withholding transactions are routine and generally do not signal insider buying or active selling for investment reasons.