BitGo (BTGO) CFO Edward Reginelli Sells 91 Shares

What Happened
Edward Reginelli, Chief Financial Officer of BitGo Holdings, Inc. (BTGO), reported the sale of 91 shares on 2026-08-07. The shares were disposed at a weighted-average price of $5.02 per share for total proceeds of approximately $456. The sale was reported as an open market or private sale (Code S) and, per the filing, was executed to cover tax withholding obligations tied to the vesting and settlement of restricted stock units (RSUs).

Key Details

• Transaction date: 2026-08-07; Form 4 filed: 2026-08-11 (filed 4 days after the transaction; Form 4s are generally due within two business days).
• Reported price: weighted average $5.02; block trades occurred at prices ranging from $4.96 to $5.07 (footnote states holder can provide breakdown on request).
• Shares sold: 91; proceeds ≈ $456.
• Reason: Sell-to-cover to satisfy tax withholding on vested RSUs (Footnote F1).
• Shares owned after transaction: not specified in the information provided here; see the Form 4 for full post-transaction holdings.
• Transaction code: S (Sale). Footnote F2 explains weighted-average pricing across block trades.

Context
This was a routine sell-to-cover tied to RSU vesting — a common administrative sale to meet tax obligations and not necessarily a signal about the insider’s view on the company. The small size ($456) and the stated tax-withholding purpose make it an ordinary administrative transaction rather than a market-timing trade.