BitGo CFO Edward Reginelli Cancels 88 Shares for Tax Withholding

What Happened
Edward Reginelli, Chief Financial Officer of BitGo Holdings, had 88 shares (from vested restricted stock units) relinquished and cancelled by the company to satisfy federal and state tax withholding obligations. The per-share amount used for the withholding was $7.30, totaling $642. This was a share-for-tax withholding (share surrender/cancellation), not an open-market sale — a routine administrative action tied to RSU vesting.

Key Details

• Transaction date: 2026-09-06
• Filing date (Form 4): 2026-09-09
• Shares affected: 88 shares surrendered/cancelled
• Price used: $7.30 per share; total value ≈ $642
• Shares owned after transaction: not specified in the provided filing
• Footnote: Shares were relinquished and cancelled in exchange for the issuer agreeing to pay the reporting person’s federal and state tax withholding obligations resulting from RSU vesting.
• Filing timeliness: filing date is listed; timeliness (late/on-time) is not specified in the provided data.

Context
Share surrender/cancellation to cover taxes is common when restricted stock units vest and generally reflects routine tax withholding, not a market sale or a directional trade by the insider. The economic impact here is small (~$642), so this transaction is unlikely to signal changes in insider sentiment.