Murray Brian 4
4 · BITGO HOLDINGS, INC. · Filed Jan 27, 2026
Research Summary
AI-generated summary of this filing
BitGo Director Brian Murray Converts 1,675 Derivative Shares
What Happened
Brian Murray, a director of BitGo Holdings, Inc. (BTGO), reported the conversion of 1,675 derivative/preferred shares into Class A common stock on January 23, 2026. The Form 4 shows an acquisition entry for 1,675 shares via conversion and a corresponding disposal entry of 1,675 derivative shares at $0.00 — indicating a non-cash conversion rather than a market sale or purchase. No cash changed hands in this transaction.
Key Details
- Transaction date: 2026-01-23 (reported on Form 4 filed 2026-01-27; filing appears timely under the two-business-day rule).
- Reported entries: Acquisition (conversion) of 1,675 shares; Disposal of 1,675 derivative shares at $0.00.
- Price/Value: No cash consideration; disposal recorded at $0.00.
- Shares owned after transaction: Not specified in the filing.
- Notable footnote: F1 — The listed preferred series automatically convert into 1 share of Class A Common Stock upon the issuer's IPO and have no expiration date (explains the automatic conversion).
Context
This filing documents a conversion of derivative/preferred securities into common stock (a non-cash corporate action tied to the IPO conversion feature), not an open-market sale or purchase. Such conversions change the form of ownership but do not by themselves indicate buying or selling sentiment.
Insider Transaction Report
- Conversion
Class A Common Stock
[F1]2026-01-23+1,675→ 3,109 total - Conversion
Series B-3 Preferred Stock
[F1]2026-01-23−1,675→ 0 total→ Class A Common Stock (1,675 underlying)
Footnotes (1)
- [F1]Each share of Series Seed Preferred Stock, Series A Preferred Stock, Series B Preferred Stock, Series B-1 Preferred Stock, Series B-2 Preferred Stock, Series B-3 Preferred Stock, Series C Preferred Stock, Series C-1 Preferred Stock and Series C-2 Preferred Stock will automatically convert into 1 share of the Issuer's Class A Common Stock immediately upon the closing of the Issuer's initial public offering and has no expiration date.