BitGo Holdings (BTGO) CEO has 21,200 shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BITGO HOLDINGS, INC. director and CEO Michael Belshe reported a routine tax-related share withholding tied to equity compensation. On May 22, 2026, the issuer withheld 21,200 shares of Class A Common Stock at $6.93 per share to cover tax withholding liabilities from the net settlement of restricted stock units. This was not an open‑market sale, but an automatic disposition to satisfy taxes. After this transaction, Belshe directly owned 837,155 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Belshe Michael
Role
CEO, President, CTO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 21,200 | $6.93 | $147K |
Holdings After Transaction:
Class A Common Stock — 837,155 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 21,200 shares
Withholding reference price: $6.93 per share
Shares owned after transaction: 837,155 shares
3 metrics
Shares withheld for taxes
21,200 shares
Tax-withholding disposition on May 22, 2026
Withholding reference price
$6.93 per share
Value used for tax-withholding disposition
Shares owned after transaction
837,155 shares
Direct Class A Common Stock holding after May 22, 2026
Key Terms
restricted stock units, tax withholding liabilities, net settlement, Class A Common Stock, +1 more
5 terms
restricted stock units financial
"in connection with the net settlement of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding liabilities financial
"withheld by the Issuer to satisfy tax withholding liabilities"
net settlement financial
"in connection with the net settlement of restricted stock units"
Class A Common Stock financial
"shares of Class A Common Stock withheld by the Issuer"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did BTGO CEO Michael Belshe report in this Form 4 filing?
Michael Belshe reported that 21,200 BTGO Class A shares were withheld to cover taxes on vested restricted stock units. This automatic disposition satisfied tax liabilities and did not involve an open-market purchase or sale of shares.
Is the BTGO Form 4 transaction by Michael Belshe an open-market sale?
No, the transaction is not an open-market sale. The Form 4 shows shares withheld by the issuer to cover tax liabilities from restricted stock units, a standard administrative process rather than a discretionary sale in the market.
What does transaction code F mean in the BTGO Form 4?
Transaction code F indicates shares were disposed of to pay an exercise price or tax liability. In this BTGO filing, it reflects shares withheld by the issuer to satisfy tax withholding obligations connected to the net settlement of restricted stock units.