BitGo (BTGO) CRO Fang Chen Surrenders 220 Shares for Taxes

What Happened
Fang Chen, Chief Revenue Officer and a director of BitGo Holdings, relinquished 220 shares on 2026-09-06 to satisfy tax withholding obligations tied to the vesting of restricted stock units. The shares were recorded at $7.30 each, for a total value of approximately $1,606. This was not an open-market sale or purchase but a share surrender used to cover withholding taxes.

Key Details

• Transaction date: 2026-09-06; Form filed: 2026-09-09. No late-filing flag noted in the provided data.
• Transaction type/code: F — shares withheld/cancelled to cover tax withholding.
• Shares involved: 220 shares surrendered at $7.30 per share; total value ≈ $1,606.
• Shares owned after transaction: not specified in the provided excerpt.
• Footnote: The 220 shares were relinquished and cancelled by the issuer in exchange for the issuer paying the reporting person’s federal and state tax withholding obligations resulting from RSU vesting.

Context
Share surrenders for tax withholding are routine when restricted stock units vest and do not represent an open-market sale or a directional bet by the insider. These transactions reduce the insider’s outstanding share count but are primarily administrative.