AG˹ٷ

STOCK TITAN

[Form 4] BTCS Inc. Insider Trading Activity

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Charles W. Allen, CEO and director of BTCS Inc. (BTCS), reported two open-market stock sales totaling 100,000 shares in mid-August 2025 under a 10b5-1 plan. He sold 50,000 shares on 08/14/2025 at a weighted average price of $4.1347 per share and 50,000 shares on 08/18/2025 at a weighted average price of $4.7727 per share. After the transactions he reported beneficial ownership of 4,579,506 shares, down from 4,629,506 following the first sale. Some reported shares include restricted stock subject to forfeiture if vesting conditions are not met.

The filing discloses the weighted-average price ranges for the trades and affirms the 10b5-1 affirmative defense box was checked, indicating the sales were pursuant to a pre-established plan. The reporting person offered to provide detailed per-transaction pricing on request.

Charles W. Allen, CEO e direttore di BTCS Inc. (BTCS), ha comunicato due vendite di azioni sul mercato aperto per un totale di 100.000 azioni a metà agosto 2025 nell'ambito di un piano 10b5-1. Ha venduto 50.000 azioni il 14/08/2025 a un prezzo medio ponderato di $4,1347 per azione e ulteriori 50.000 azioni il 18/08/2025 a un prezzo medio ponderato di $4,7727 per azione. Dopo le operazioni, la sua partecipazione effettiva è risultata pari a 4.579.506 azioni, in calo rispetto alle 4.629.506 azioni rilevate dopo la prima vendita. Una parte delle azioni dichiarate è costituita da azioni vincolate soggette a decadenza nel caso in cui non vengano soddisfatte le condizioni di maturazione.

La comunicazione specifica gli intervalli di prezzo medio ponderato delle transazioni e conferma che è stata spuntata la casella di difesa affermativa 10b5-1, a indicare che le vendite sono avvenute conformemente a un piano preesistente. Il soggetto segnalante si è dichiarato disponibile a fornire, su richiesta, i prezzi per singola transazione.

Charles W. Allen, director ejecutivo y miembro del consejo de BTCS Inc. (BTCS), informó dos ventas de acciones en el mercado abierto por un total de 100.000 acciones a mediados de agosto de 2025 bajo un plan 10b5-1. Vendió 50.000 acciones el 14/08/2025 a un precio medio ponderado de $4,1347 por acción y otras 50.000 acciones el 18/08/2025 a un precio medio ponderado de $4,7727 por acción. Tras las operaciones, su participación beneficiaria quedó en 4.579.506 acciones, frente a 4.629.506 tras la primera venta. Algunas de las acciones declaradas son restringidas y pueden perderse si no se cumplen las condiciones de adquisición.

La presentación revela los intervalos de precio medio ponderado de las transacciones y confirma que se marcó la casilla de defensa afirmativa 10b5-1, indicando que las ventas se realizaron conforme a un plan preestablecido. La persona informante ofreció proporcionar, previa solicitud, los precios por cada transacción.

BTCS Inc.(BTCS)� CEO � 이사� 찰스 W. 앨런은 2025� 8� 중순 10b5-1 계획� 따라 공개 시장에서 � 100,000주를 매도했다� 보고했습니다. 그는 2025-08-14� 50,000주를 주당 가중평� 가� $4.1347�, 2025-08-18� 50,000주를 주당 가중평� 가� $4.7727� 매도했습니다. 거래 � 그의 실소� 주식수는 4,579,506주로, � 매도 직후� 4,629,506주에� 감소했습니다. 신고� 일부 주식은 베스� 조건 미충� � 몰수� � 있는 제한주입니다.

신고서에� 거래� 가중평� 가� 범위가 명시되어 있고, 매도가 사전 설정� 계획� 따른 것임� 나타내는 10b5-1 긍정� 방어 조항란� 체크되었음이 확인됩니�. 신고인은 요청 � 개별 거래� 가� 자료� 제공하겠다고 밝혔습니�.

Charles W. Allen, PDG et administrateur de BTCS Inc. (BTCS), a déclaré deux ventes d'actions sur le marché pour un total de 100 000 actions à la mi-août 2025 dans le cadre d'un plan 10b5-1. Il a vendu 50 000 actions le 14/08/2025 à un prix moyen pondéré de 4,1347 $ par action et 50 000 actions le 18/08/2025 à un prix moyen pondéré de 4,7727 $ par action. Après ces opérations, sa détention bénéficiaire s'établissait à 4 579 506 actions, en baisse par rapport à 4 629 506 actions après la première vente. Certaines actions déclarées sont des actions restreintes susceptibles d'être perdues si les conditions d'acquisition ne sont pas remplies.

Le dépôt divulgue les fourchettes de prix moyen pondéré des transactions et confirme que la case de la défense affirmative 10b5-1 a été cochée, indiquant que les ventes ont été effectuées conformément à un plan préétabli. La personne déclarant s'est proposée de fournir, sur demande, les prix de chaque transaction.

Charles W. Allen, CEO und Direktor von BTCS Inc. (BTCS), meldete Mitte August 2025 zwei Veräußerungen über den offenen Markt in Gesamthöhe von 100.000 Aktien im Rahmen eines 10b5-1-Plans. Er verkaufte 50.000 Aktien am 14.08.2025 zu einem gewichteten Durchschnittspreis von $4,1347 je Aktie und weitere 50.000 Aktien am 18.08.2025 zu einem gewichteten Durchschnittspreis von $4,7727 je Aktie. Nach den Transaktionen hielt er einen wirtschaftlichen Anteil von 4.579.506 Aktien, gegenüber 4.629.506 Aktien nach dem ersten Verkauf. Ein Teil der gemeldeten Aktien sind eingeschränkte Aktien, die bei Nichterfüllung der Vesting-Bedingungen verfallen können.

Die Einreichung nennt die Spannen der gewichteten Durchschnittspreise der Trades und bestätigt, dass das Feld für die 10b5-1-affirmative Verteidigung angekreuzt wurde, was darauf hinweist, dass die Verkäufe einem vorab festgelegten Plan entsprachen. Die meldende Person bot an, auf Anfrage die Preisdaten zu einzelnen Transaktionen bereitzustellen.

Positive
  • Sales executed under a 10b5-1 plan, indicating pre-established trading intent and potential insulator from accusations of opportunistic trading
  • Reporting person offers to provide detailed per-transaction pricing, enhancing transparency beyond the weighted-average disclosure
Negative
  • Insider disposed of 100,000 shares over two trades, reducing beneficial ownership from 4,629,506 to 4,579,506 shares
  • Some remaining shares are restricted and subject to forfeiture if vesting conditions are not met, which could affect actual long-term insider ownership

Insights

TL;DR: CEO sold 100,000 shares via a 10b5-1 plan; transactions are routine insider liquidity, not clearly material to company fundamentals.

The reported sales total 100,000 shares executed across two dates at weighted average prices of $4.1347 and $4.7727. The disclosure that sales were made under a 10b5-1 plan suggests the trades were pre-planned rather than opportunistic. The remaining beneficial ownership of approximately 4.58 million shares still represents significant insider exposure. From a market-impact perspective, the trades are modest relative to typical company float sizes for microcap issuers, and there is no accompanying disclosure of company performance or operational changes in this Form 4.

TL;DR: Proper procedural steps appear followed, including 10b5-1 disclosure and offer to provide per-trade details if requested.

The form checks the 10b5-1 box and includes explanatory notes about weighted-average price ranges and restricted shares, which increases transparency. The signature block is present and the filer indicates willingness to provide granular pricing data. No departures from expected Form 4 practice are evident, and there are no indications of unusual timing relative to undisclosed material events within this filing.

Charles W. Allen, CEO e direttore di BTCS Inc. (BTCS), ha comunicato due vendite di azioni sul mercato aperto per un totale di 100.000 azioni a metà agosto 2025 nell'ambito di un piano 10b5-1. Ha venduto 50.000 azioni il 14/08/2025 a un prezzo medio ponderato di $4,1347 per azione e ulteriori 50.000 azioni il 18/08/2025 a un prezzo medio ponderato di $4,7727 per azione. Dopo le operazioni, la sua partecipazione effettiva è risultata pari a 4.579.506 azioni, in calo rispetto alle 4.629.506 azioni rilevate dopo la prima vendita. Una parte delle azioni dichiarate è costituita da azioni vincolate soggette a decadenza nel caso in cui non vengano soddisfatte le condizioni di maturazione.

La comunicazione specifica gli intervalli di prezzo medio ponderato delle transazioni e conferma che è stata spuntata la casella di difesa affermativa 10b5-1, a indicare che le vendite sono avvenute conformemente a un piano preesistente. Il soggetto segnalante si è dichiarato disponibile a fornire, su richiesta, i prezzi per singola transazione.

Charles W. Allen, director ejecutivo y miembro del consejo de BTCS Inc. (BTCS), informó dos ventas de acciones en el mercado abierto por un total de 100.000 acciones a mediados de agosto de 2025 bajo un plan 10b5-1. Vendió 50.000 acciones el 14/08/2025 a un precio medio ponderado de $4,1347 por acción y otras 50.000 acciones el 18/08/2025 a un precio medio ponderado de $4,7727 por acción. Tras las operaciones, su participación beneficiaria quedó en 4.579.506 acciones, frente a 4.629.506 tras la primera venta. Algunas de las acciones declaradas son restringidas y pueden perderse si no se cumplen las condiciones de adquisición.

La presentación revela los intervalos de precio medio ponderado de las transacciones y confirma que se marcó la casilla de defensa afirmativa 10b5-1, indicando que las ventas se realizaron conforme a un plan preestablecido. La persona informante ofreció proporcionar, previa solicitud, los precios por cada transacción.

BTCS Inc.(BTCS)� CEO � 이사� 찰스 W. 앨런은 2025� 8� 중순 10b5-1 계획� 따라 공개 시장에서 � 100,000주를 매도했다� 보고했습니다. 그는 2025-08-14� 50,000주를 주당 가중평� 가� $4.1347�, 2025-08-18� 50,000주를 주당 가중평� 가� $4.7727� 매도했습니다. 거래 � 그의 실소� 주식수는 4,579,506주로, � 매도 직후� 4,629,506주에� 감소했습니다. 신고� 일부 주식은 베스� 조건 미충� � 몰수� � 있는 제한주입니다.

신고서에� 거래� 가중평� 가� 범위가 명시되어 있고, 매도가 사전 설정� 계획� 따른 것임� 나타내는 10b5-1 긍정� 방어 조항란� 체크되었음이 확인됩니�. 신고인은 요청 � 개별 거래� 가� 자료� 제공하겠다고 밝혔습니�.

Charles W. Allen, PDG et administrateur de BTCS Inc. (BTCS), a déclaré deux ventes d'actions sur le marché pour un total de 100 000 actions à la mi-août 2025 dans le cadre d'un plan 10b5-1. Il a vendu 50 000 actions le 14/08/2025 à un prix moyen pondéré de 4,1347 $ par action et 50 000 actions le 18/08/2025 à un prix moyen pondéré de 4,7727 $ par action. Après ces opérations, sa détention bénéficiaire s'établissait à 4 579 506 actions, en baisse par rapport à 4 629 506 actions après la première vente. Certaines actions déclarées sont des actions restreintes susceptibles d'être perdues si les conditions d'acquisition ne sont pas remplies.

Le dépôt divulgue les fourchettes de prix moyen pondéré des transactions et confirme que la case de la défense affirmative 10b5-1 a été cochée, indiquant que les ventes ont été effectuées conformément à un plan préétabli. La personne déclarant s'est proposée de fournir, sur demande, les prix de chaque transaction.

Charles W. Allen, CEO und Direktor von BTCS Inc. (BTCS), meldete Mitte August 2025 zwei Veräußerungen über den offenen Markt in Gesamthöhe von 100.000 Aktien im Rahmen eines 10b5-1-Plans. Er verkaufte 50.000 Aktien am 14.08.2025 zu einem gewichteten Durchschnittspreis von $4,1347 je Aktie und weitere 50.000 Aktien am 18.08.2025 zu einem gewichteten Durchschnittspreis von $4,7727 je Aktie. Nach den Transaktionen hielt er einen wirtschaftlichen Anteil von 4.579.506 Aktien, gegenüber 4.629.506 Aktien nach dem ersten Verkauf. Ein Teil der gemeldeten Aktien sind eingeschränkte Aktien, die bei Nichterfüllung der Vesting-Bedingungen verfallen können.

Die Einreichung nennt die Spannen der gewichteten Durchschnittspreise der Trades und bestätigt, dass das Feld für die 10b5-1-affirmative Verteidigung angekreuzt wurde, was darauf hinweist, dass die Verkäufe einem vorab festgelegten Plan entsprachen. Die meldende Person bot an, auf Anfrage die Preisdaten zu einzelnen Transaktionen bereitzustellen.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Allen Charles W

(Last) (First) (Middle)
9466 GEORGIA AVENUE #124

(Street)
SILVER SPRING MD 20910

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BTCS Inc. [ BTCS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
CEO
3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/14/2025 S 50,000 D $4.1347(1) 4,629,506(3) D
Common Stock 08/18/2025 S 50,000 D $4.7727(2) 4,579,506(3) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions ranging from $4.015 to $4.24 inclusive. The reporting person undertakes to provide to BTCS Inc., any security holder of BTCS Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the preceding sentence.
2. The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions ranging from $4.67 to $4.88 inclusive. The reporting person undertakes to provide to BTCS Inc., any security holder of BTCS Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the preceding sentence.
3. Includes shares of restricted common stock subject to forfeiture if certain vesting conditions are not met.
/s/ Charles Allen 08/18/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did BTCS insider Charles W. Allen report on Form 4?

The filing reports two open-market sales of a total of 100,000 shares: 50,000 sold on 08/14/2025 at a weighted average of $4.1347 and 50,000 sold on 08/18/2025 at a weighted average of $4.7727.

Were the BTCS sales part of a Rule 10b5-1 plan?

Yes. The Form 4 has the 10b5-1 plan box checked, indicating the transactions were executed pursuant to a pre-established plan.

How many BTCS shares does Charles W. Allen beneficially own after these transactions?

After the reported sales, the filing shows beneficial ownership of 4,579,506 shares.

Does the Form 4 explain the reported prices?

Yes. Notes state the reported prices are weighted averages and that the trades occurred in multiple transactions within specified price ranges, with an offer to provide per-transaction details upon request.

Are any of the reported BTCS shares restricted?

Yes. The filing notes that the reported total includes restricted common stock that may be forfeited if certain vesting conditions are not met.
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Capital Markets
Finance Services
United States
SILVER SPRING