Reginelli Edward 4
4 · BITGO HOLDINGS, INC. · Filed Jul 10, 2026
Research Summary
AI-generated summary of this filing
BitGo (BTGO) CFO Edward Reginelli Sells Shares
What Happened Edward Reginelli, Chief Financial Officer of BitGo Holdings, reported multiple disposals of Class A common stock between April and July 2026. He disposed of a total of 448 shares across four transactions for aggregate proceeds of about $3,451:
- 175 shares withheld by the issuer at $8.41 on 2026-04-06 (≈ $1,472)
- 88 shares withheld at $11.87 on 2026-05-06 (≈ $1,045)
- 91 shares sold in the open market at a weighted average $5.12 on 2026-06-11 (≈ $466)
- 94 shares sold in the open market at $4.97 on 2026-07-08 (≈ $468)
These were sales/disposals (not purchases). The April and May transactions represent shares withheld to satisfy tax withholding on vested RSUs; the June and July transactions were open-market sales (part of block trades).
Key Details
- Transaction dates and prices:
- 2026-04-06: 175 shares withheld @ $8.41 (tax withholding)
- 2026-05-06: 88 shares withheld @ $11.87 (tax withholding)
- 2026-06-11: 91 shares sold @ weighted avg $5.12 (block trades)
- 2026-07-08: 94 shares sold @ $4.97 (open market)
- Total shares disposed: 448; total reported proceeds ≈ $3,451.
- Shares owned after the reported transactions: not specified in the information provided.
- Footnotes:
- F1/F2: April and May transactions were share-withholdings to satisfy tax withholding on net-settled RSUs (sell-to-cover).
- F3: The June sale price is a weighted average from block trades (prices in the block ranged $5.02–$5.19); detailed per-price breakdown is available on request.
- Filing timeliness: Form filed 2026-07-10. No late-filing flag was provided in the supplied details; consult the SEC filing for any timeliness notation.
Context
- The April/May transactions are routine tax-withholding net settlements of vested RSUs (shares withheld rather than a market-sale initiated by the insider). Such “sell-to-cover” or withholding transactions are common and do not by themselves indicate a change in insider sentiment.
- The June and July disposals were open-market/block sales to cover tax obligations from RSU vesting; the June sale uses a weighted average price due to block-trade execution across multiple holders.
Insider Transaction Report
Form 4
Transactions
- Tax Payment
Class A Common Stock
[F1]2026-04-06$8.41/sh−175$1,472→ 591,783 total - Tax Payment
Class A Common Stock
[F1]2026-05-06$11.87/sh−88$1,045→ 591,695 total - Sale
Class A Common Stock
[F2][F3]2026-06-11$5.12/sh−91$466→ 591,604 total - Sale
Class A Common Stock
[F2]2026-07-08$4.97/sh−94$468→ 591,510 total
Footnotes (3)
- [F1]The transaction represents the number of shares of Class A Common Stock withheld by the Issuer to satisfy tax withholding liabilities in connection with the net settlement of restricted stock units ("RSUs").
- [F2]The sales reported on this Form 4 represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction.
- [F3]The price reported in this line item is a weighted average price. These shares were sold as part of block trades for multiple security holders of the Issuer at prices ranging from $5.02 to $5.19, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein with regard to the block trades.
Signature
/s/ Edward Reginelli|2026-07-10