Mettler Jody 4

What Happened
Jody Mettler, Chief Operating Officer of BitGo Holdings, exercised options on July 21, 2025. The filing reports an acquisition of 10,000 shares via option exercise at $0.21 per share (total $2,100). The same date also shows a separate conversion/disposition of 10,000 option-related units reported with $0.00 consideration.

Key Details

• Transaction date: 2025-07-21. Exercise price for the acquired shares: $0.21; total cash paid reported = $2,100.
• A second line reports 10,000 units converted/disposed at $0.00 (reported as a derivative disposition).
• Footnote F1: Transaction occurred prior to the issuer's registration of the class of equity securities and is reported under Rule 16a-2(a).
• Footnote F2: Options vested 25% on April 15, 2024; remaining 75% vest monthly thereafter subject to continued service.
• Shares owned after the transactions are not specified in the provided filing.
• Filing date: 2026-01-23 — this report was filed well after the transaction date (late filing).

Context

• These are derivative (option) transactions: the primary item was an exercise of options (code M). The filing does not show an immediate open-market sale of the acquired shares.
• The separate $0.00 conversion/disposition line may reflect internal conversion or share-surrender mechanics related to the option exercise; the filing’s footnotes do not detail the exact mechanics.
• No inference about insider intent should be drawn from exercise activity alone; exercises can be routine (e.g., to acquire vested shares) or related to tax/administrative processes.