Bitgo (BTGO) CCO Jeff Horowitz Receives Cash-Settled Award

What Happened

• Jeff Peter Horowitz, Chief Compliance Officer of Bitgo Holdings, reported a disposition of 15,885 restricted stock units on 2026-01-21. The filing shows the units were cash-settled (reported as a disposition to the issuer) with a reported per-share price of $0 and total reported stock value $0. This was not an open-market sale of shares.

Key Details

• Transaction date: 2026-01-21; Form filed: 2026-01-23 (appears timely).
• Transaction code: D (disposition to issuer); 15,885 units reported.
• Reported price/value: $0 per share; total $0 (settled in cash).
• Shares owned after transaction: not specified in the filing.
• Footnote: The RSUs vested and were settled in cash upon effectiveness of the issuer's initial public offering; reported pursuant to Rule 16b-3(e).

Context

• Cash-settled RSUs mean the award was paid out in cash rather than issuing shares; the Form 4 reports the settlement as a disposition but no open-market sale occurred. Such settlements commonly reflect payroll/tax or plan settlement mechanics and do not necessarily indicate insider buying or selling intent.