Redpoint Ventures V, L.P. 4

What Happened

• Redpoint Ventures V, L.P. and Redpoint Ventures V, LLC (each reported as 10% owners/related entities) recorded conversions of derivative securities into BitGo (BTGO) Class A common stock on 2026-01-23.
• Each reporting person shows acquisitions of 10,484,516 and 268,432 shares (total 10,752,948) and matching dispositions that sum to the same total (9,446,081; 242,207; 1,038,435; 26,225). All transactions are coded as conversions of derivatives (code C). No price or cash value is reported (N/A). The acquisitions and dispositions offset, so the filing shows no net change in reported holdings from these entries.

Key Details

• Transaction date: 2026-01-23; Form 4 filed 2026-01-27 (filed within the normal 2-business-day window).
• Transaction type: Conversion of derivative securities (code C); price: N/A; total shares involved per reporting person: 10,752,948 acquired and 10,752,948 disposed.
• Shares owned after transaction: not specifically stated in the excerpt; net effect of these entries is zero change in holdings.
• Footnote F1: Series A and B preferred automatically converted to Class A common on a 1-for-1 basis immediately prior to the issuer’s IPO for no additional consideration.
• Footnote F2: RV V LLC is the sole general partner of RV V and has sole voting/investment control over RV V’s shares; the entities disclaim beneficial ownership except to the extent of pecuniary interest.

Context

• These filings reflect derivative conversions (preferred → common) rather than open-market buys or sales. The conversion was non-cash per the footnote and appears to have been immediately offset by corresponding dispositions, so this does not indicate a straightforward purchase or sale signal by an individual insider.
• As 10% institutional owners and related entities, these are organizational transactions and should be interpreted differently from an executive or director personal trade.