Form 4: Bitcoin Depot CEO Sells Shares Under 10b5-1 Plan

Bitcoin Depot's CEO, Brandon Mintz, sold 28,322 shares of Class A common stock at an average price of $2.0123, while BT Assets, Inc. holds 41,193,024 shares of Class V common stock.

Summary

• Brandon Mintz, CEO of Bitcoin Depot, sold 28,322 shares of Class A common stock on December 5, 2024.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan established on November 30, 2023.
• The shares were sold at a weighted average price of $2.0123, with individual transaction prices ranging from $2.01 to $2.08.
• The shares were delivered upon the vesting of restricted stock units granted to Mr. Mintz.
• Following the transaction, Mr. Mintz directly owns 117,350 shares of Class A common stock.
• BT Assets, Inc., of which Mr. Mintz is the sole member, indirectly holds 41,193,024 shares of Class V common stock.
• Class V common stock can be exchanged for Class A common stock on a one-for-one basis.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to insider trading. It does not indicate any positive or negative sentiment about the company's performance or future prospects.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to sell shares to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a common practice among executives at publicly traded companies, including those in the technology and financial sectors.
• Similar filings are regularly seen from executives at companies like Coinbase, Block, and other firms with significant equity-based compensation.
• The volume of shares sold is relatively small compared to the total outstanding shares, which is typical for routine sales under 10b5-1 plans.

Stakeholder Impact

• The sale of shares by the CEO may have a minor impact on shareholder sentiment, but it is unlikely to significantly affect the stock price given the pre-planned nature of the transaction.

Key Dates

Keywords

Bitcoin Depot, Brandon Mintz, Class A common stock, Class V common stock, Rule 10b5-1, insider trading, stock sale, BT Assets Inc, restricted stock units