secwatch.observer — SEC 8-K summary
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Issuer:     BTCS Inc. (BTCS)
CIK:        0001436229
Form:       8-K
Filed at:   2022-02-22T23:59:59+00:00
Accession:  0001493152-22-005128
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

BTCS appoints Manish Paranjape as Chief Technology Officer
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- Paranjape receives $225K annual salary, bonus target 0.5x-2x base salary.
- Granted 45,767 RSUs vesting 20% on Feb 22, 2023, then monthly over 4 years.
- LTI RSUs tied to market cap milestones ($100M, $150M, $200M, $400M) with 5-year vesting.
- Company paid ~$205K to Paranjape's consulting firm Kilwar LLC from Apr 2021 to Feb 2022.
- LTI RSU vesting requires shareholder approval per Nasdaq rules.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1436229/000149315222005128/0001493152-22-005128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1436229/000149315222005128/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-005128

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