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

Bitcoin Depot Inc. CEO Christopher Scott Buchanan sold 7,000 shares of Class A Common Stock for a weighted average price of $1.29 per share on January 7, 2026, as part of a pre-arranged trading plan.

Summary

• Christopher Scott Buchanan, Chief Executive Officer, Director, and 10% Owner of Bitcoin Depot Inc. (BTM), disposed of 7,000 shares of Class A Common Stock.
• The transaction occurred on January 7, 2026, at a weighted average price of $1.29 per share, with individual sales ranging from $1.29 to $1.31.
• The sale was executed pursuant to a Rule 10b5-1 trading plan, which was entered into by Mr. Buchanan on April 8, 2025.
• Following this transaction, Mr. Buchanan beneficially owns 612,276 shares of Class A Common Stock directly.
• The Form 4 filing was signed by Christopher Ryan as attorney-in-fact for Scott Buchanan on January 9, 2026.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to insider selling, although mitigated by the transaction being part of a pre-arranged 10b5-1 plan, which suggests a lack of opportunistic timing.

Positives

• The sale was conducted under a Rule 10b5-1 trading plan, indicating it was pre-scheduled and not based on immediate, non-public information, which enhances transparency.

Negatives

• Insider selling, even when pre-planned, can sometimes be interpreted by investors as a signal of reduced confidence in the company's near-term prospects, although the amount sold represents a small percentage of the CEO's total holdings.

Future Outlook

No specific forward-looking statements or guidance are provided in this insider transaction report.

Industry Context

This filing reports an individual insider transaction and does not provide broader industry context or trends. It reflects a routine disclosure requirement for officers, directors, and significant shareholders.

Stakeholder Impact

• Shareholders may interpret the CEO's sale of shares as a neutral to slightly negative signal regarding the company's short-term prospects, despite the pre-planned nature of the transaction.

Key Dates

Keywords

Bitcoin Depot, BTM, insider trading, Form 4, stock sale, CEO, 10b5-1 plan, equity transaction