BitGo (BTGO) Chief Revenue Officer Fang Chen Sells 234 Shares

What Happened
Fang Chen, BitGo's Chief Revenue Officer and a company director, sold 234 shares of BTGO on August 7, 2026, disposing of the shares for a total of approximately $1,174. The shares were sold at a weighted average price of $5.02. This transaction was a sale (not a purchase) and was completed to cover tax withholding obligations tied to the vesting and settlement of restricted stock units (RSUs).

Key Details

• Transaction date: 2026-08-07
• Transaction type: Sale (code S) — open market / block trade
• Shares sold: 234
• Weighted average price reported: $5.02; reported trade price range: $4.96–$5.07
• Total proceeds: ~$1,174
• Reason: Sell-to-cover to satisfy tax withholding on RSU vesting (Footnote F1)
• Footnote F2: Price is a weighted average from block trades; the filer can provide per-price allocation on request
• Shares owned after transaction: Not specified in this Form 4
• Filing timeliness: Form filed 2026-08-11 for a 2026-08-07 transaction — appears to be filed within the SEC’s two-business-day window (timely)

Context
This was a routine sell-to-cover tied to RSU tax withholding, which is common and does not necessarily indicate the insider's view on the company’s prospects. Sales to cover taxes are typically administrative rather than directional insider trades.