Murray Brian 4

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.