secwatch.observer — SEC 8-K summary
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Issuer:     BTCS Inc. (BTCS)
CIK:        0001436229
Form:       8-K
Filed at:   2025-01-02T23:59:59+00:00
Accession:  0001493152-25-000077
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BTCS sets 2025 performance milestones with revenue target up to $20M; CFO salary raised to $260K
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- 2024 performance payouts: cash $200,307 total; COO Handerhan receives $94,676, CFO Prevoznik $52,815, CTO Paranjape $52,815.
- Restricted stock issuances: 286,199 net shares vested; CEO Allen zero; Handerhan 119,591; Prevoznik 45,439; Paranjape 121,169.
- Stock options granted: 1,234,795 total; CEO Allen 841,842 options at $2.47 exercise price, 7-year term.
- 2025 milestones: revenue (75% weight) threshold $4M, target $8M, cutoff $20M; cash & crypto (25%) threshold $39M, target $60M, cutoff $75M.
- CFO Michael Prevoznik's annual base salary increased from ~$246,000 to $260,000.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1436229/000149315225000077/0001493152-25-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1436229/000149315225000077/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-000077

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer