Belshe Michael 4

What Happened
Michael Belshe, listed as a 10% owner of BitGo Holdings, had 22,426 shares of Class A common stock withheld by the company to satisfy tax withholding obligations tied to the net settlement of restricted stock units. The share price used was $9.82, giving a total value of approximately $220,223. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date and price: 2026-03-23 at $9.82 per share.
• Shares involved: 22,426 shares withheld (disposition code F).
• Reported value: $220,223.
• Footnote: F1 — shares were withheld by the issuer to satisfy tax withholding liabilities in connection with net settlement of RSUs.
• Shares owned after transaction: not provided in the supplied filing excerpt.
• Filing timeliness: Form filed 2026-03-25 (two days after the transaction), which appears to be timely under Form 4 rules.

Context
This was a routine tax-withholding event tied to RSU settlement (a "net settlement"), meaning the company retained shares to cover taxes rather than the insider selling shares on the open market. Such withholdings are administrative and don't necessarily signal a change in the insider's view of the company. As a 10% owner, Belshe is a significant insider; this transaction reflects tax mechanics rather than an active buy or sell decision.