Bitcoin Depot (BTM) CEO granted 742,574 Restricted Stock Units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Holmes W. Alexander reported acquisition or exercise transactions in this Form 4 filing.
Bitcoin Depot Inc. Chairman and CEO Holmes W. Alexander received a grant of 742,574 shares of Class A Common Stock in the form of Restricted Stock Units as equity compensation. The grant carried a stated price of $0.00 per share and is not an open-market purchase.
According to the award terms, 33% of the RSUs will vest on March 27, 2027, with an additional 8.375% vesting on each of the first eight quarterly anniversaries, so the RSUs are scheduled to be fully vested by March 27, 2029, subject to his continued employment and the award agreement. Following this grant, he directly holds 747,435 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Holmes W. Alexander
Role
Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 742,574 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 747,435 shares (Direct)
Footnotes (1)
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Key Figures
RSUs granted: 742,574 shares
Grant price: $0.00 per share
Post-grant holdings: 747,435 shares
+3 more
6 metrics
RSUs granted
742,574 shares
Restricted Stock Units of Class A Common Stock granted on March 27, 2026
Grant price
$0.00 per share
Stated transaction price per share for RSU grant
Post-grant holdings
747,435 shares
Total Class A Common Stock directly held after the transaction
Initial vesting tranche
33% of RSUs
Scheduled to vest on March 27, 2027
Subsequent vesting tranches
8.375% each
Vest on each of the first eight quarterly anniversaries after March 27, 2027
Full vesting date
March 27, 2029
Restricted Stock Units scheduled to be fully vested by this date
Key Terms
Restricted Stock Units, vest, quarterly anniversaries, award agreement, +1 more
5 terms
Restricted Stock Units financial
"Represents a grant of Restricted Stock Units, (a) 33% of which will vest"
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.
vest financial
"33% of which will vest on March 27, 2027 and (b) an additional 8.375%"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
quarterly anniversaries financial
"an additional 8.375% on each of the first eight quarterly anniversaries"
award agreement financial
"except as provided in the award agreement documenting such award."
An award agreement is a legal contract that spells out the terms of a pay or equity grant—such as stock options, restricted shares, or cash bonuses—given to an employee, director or consultant. It describes what is being granted, any conditions for keeping it (for example, earning it over time or meeting performance targets), and what happens if the person leaves or breaks rules. Investors care because these agreements affect company costs, potential share dilution and how executives are motivated and rewarded.
continued employment financial
"subject to Mr. Holmes' continued employment through each such date"
Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.
FAQ
What did Bitcoin Depot (BTM) report in this Form 4 filing?
Bitcoin Depot reported that Chairman and CEO Holmes W. Alexander received a grant of 742,574 Restricted Stock Units of Class A Common Stock as equity compensation, with no cash paid per share and a defined vesting schedule extending through March 27, 2029.
What is the vesting schedule for the 742,574 RSUs at Bitcoin Depot (BTM)?
The RSUs vest 33% on March 27, 2027, then 8.375% on each of the first eight quarterly anniversaries of that date. This structure means the award is scheduled to be fully vested on March 27, 2029, contingent on continued employment and award agreement terms.
Is the Bitcoin Depot CEO’s RSU grant an open-market stock purchase?
No, the CEO’s 742,574-share award is a grant of Restricted Stock Units with a stated price of $0.00 per share. It is equity compensation rather than an open-market purchase, and the shares vest over time based on continued employment.
What conditions apply to the Bitcoin Depot CEO’s RSU vesting?
The RSUs vest over time, with specific percentages on set dates, and are subject to Holmes W. Alexander’s continued employment through each vesting date. Additional terms and exceptions are governed by the award agreement documenting the grant.