Filing Details

Accession Number:
0001774155-22-000133
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-11-15 17:31:27
Reporting Period:
2022-11-11
Accepted Time:
2022-11-15 17:31:27
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1774155 Btrs Holdings Inc. BTRS () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1578690 J Andrew Herning C/O Btrs Holdings Inc.
1009 Lenox Drive, Suite 101
Lawrenceville NJ 08648
Senior Vice President, Finance No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class 1 Common Stock Disposition 2022-11-11 294 $9.45 92,811 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Footnotes
  1. Represents the sale of shares by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of restricted stock units ("RSUs") received pursuant to Section 3.07 (the "Earnout Rights") of that certain Business Combination Agreement, dated as of October 18, 2020 and as amended, by and among the Issuer and certain other parties thereto. Each RSU represents a contingent right to receive one share of class 1 common stock of the Issuer. The number of RSUs issuable pursuant to the Earnout Rights was determined, and the Reporting Person's right to receive such RSUs subject to the Earnout Rights became fixed and irrevocable on February 10, 2021, the date on which the Issuer's closing share price equaled or exceeded $12.50 and $15.00 for 20 trading days within a consecutive 30-trading day period.