Mintz Brandon Taylor's Form 4 filing
Bitcoin Depot Inc. (BTM) · filed Sep 22, 2025
- Accession no.
- 0001193125-25-211933
- Filed
- Sep 22, 2025, 9:21 PM ET
- Trade date
- Sep 18-22, 2025
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Checked
This filing lists 6 non-derivative transactions and 4 derivative transactions. Open-market sales total $849.9K. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Mintz Brandon TaylorCIK 0001952409 | Director, Officer (Chief Executive Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Sep 18, 2025 | Class A common stock | CConversionAcquired | +69,785 | $0.00 | $0 | 69,785 | Indirect | |
| Sep 18, 2025 | Class A common stock | SSaleDisposed | −69,785 | $3.90F2 | −$272,161.5 | 0 | Indirect | |
| Sep 19, 2025 | Class A common stock | CConversionAcquired | +84,852 | $0.00 | $0 | 84,852 | Indirect | |
| Sep 19, 2025 | Class A common stock | SSaleDisposed | −84,852 | $3.75F2 | −$318,195 | 0 | Indirect | |
| Sep 22, 2025 | Class A common stock | CConversionAcquired | +71,293 | $0.00 | $0 | 71,293 | Indirect | |
| Sep 22, 2025 | Class A common stock | SSaleDisposed | −71,293 | $3.64F2 | −$259,506.52 | 0 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Sep 18, 2025 | Class A Common Stock | CConversionDisposed | −69,785 | $0.00F3 | $0 | 960,262 | Indirect | |
| Sep 19, 2025 | Class A Common Stock | CConversionDisposed | −84,852 | $0.00F3 | $0 | 875,410 | Indirect | |
| Sep 22, 2025 | Class A Common Stock | CConversionDisposed | −71,293 | $0.00F3 | $0 | 804,117 | Indirect | |
| Sep 22, 2025 | Class M Common Stock | CConversionDisposed | 0 | $0.00 | $0 | 39,974,977 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F2
The sales price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions on (i) September 18, 2025 at prices ranging from $3.85 to $3.95, (ii) on September 19, 2025 at prices ranging from $3.66 to $3.93 and (iii) on September 22, 2025 at prices ranging from $3.54 to $3.70, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer 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 this Form 4.
Referenced by the price of 3 transactions in Table I.
- F3
The Class M Common Stock is convertible into an equal number of shares of Class A Common Stock upon the transfer by any Reporting Person to a person or entity unaffiliated with Mr. Mintz, and has no expiration date. Pursuant to the Rule 10b5-1 Plan entered into by the Reporting Person on May 31, 2025, an aggregate of 225,930 shares of Class M Common Stock were sold on the dates noted above, resulting in the automatic conversion of the shares into Class A Common Stock upon execution of the sales.
Referenced by the price of 3 transactions in Table II.
Remarks
On May 30, 2025, the Issuer, Mr. Mintz and entities affiliated with Mr. Mintz undertook a transaction (the "Transaction") whereby the Issuer's former "Up-C" structure was unwound and Mr. Mintz and such affiliated entities received one share of Class M Common Stock in exchange for each share of Class V Common Stock indirectly held by them through BT Assets, Inc. immediately prior to consummation of the Transaction. The Transaction resulted in Mr. Mintz and his affiliated entities receiving only the shares they were entitled to under the Up-C structure prior to giving effect to the Transaction. The Form 4 filed in connection with the Transaction inadvertently (i) listed all shares of Class M Common Stock held by BD Investment Holdings LLC and BD Investment Holdings II LLC as directly held by Mr. Mintz and (ii) omitted the direct beneficial ownership by Mr. Mintz of 178,166 shares of the Issuer's Class A Common Stock.