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BITGO HOLDINGS, INC.·4

Jul 10, 6:14 PM ET

Reginelli Edward 4

Research Summary

AI-generated summary

Updated

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.