HERNING ANDREW J (Senior Vice President, Finance) sold 12.5% of their position (30.46K shares) of BTRS HOLDINGS INC. on the open market

Open‑market sale worth $288.1K — a moderate reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 1 sale

HERNING ANDREW J

Filed: 12/5/2022ACC: 0001774155-22-000140

InsiderHERNING ANDREW JCIK 1578690

→

IssuerBTRS HOLDINGS INC.CIK 1774155

Officer· Senior Vice President, Finance

Since Jan 2021

-30.46K

Net shares

Net seller

$288.1K

Total sold

Open market trades

0B · 1S

Total transactions

151.70K acquired · 182.15K disposed

Non-Derivative Transactions4

Class 1 Common Stock

Direct

M · Option Exercise

+106.61K

Price / share

$1.77

Trade value

$188.70K

% of position

114.9%

12/1/2022

92.81K→199.42K

Class 1 Common Stock

Direct

M · Option Exercise

+37.17K

Price / share

$2.19

Trade value

$81.41K

% of position

18.6%

12/1/2022

199.42K→236.59K

Class 1 Common Stock

Direct

M · Option Exercise

+7.91K

Price / share

$2.19

Trade value

$17.33K

% of position

3.3%

12/1/2022

236.59K→244.51K

Class 1 Common Stock

Direct

S · Sale

−30.46K

Price / share

$9.46

Trade value

$288.11K

% of position

12.5%

12/1/2022

244.51K→214.05K

Total

Net shares

+121.24K

Net value

-$672.69

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class 1 Common Stock Direct	12/1/2022	M · Option Exercise	+106.61K	$1.77	$188.70K	114.9%	92.81K	199.42K
Class 1 Common Stock Direct	12/1/2022	M · Option Exercise	+37.17K	$2.19	$81.41K	18.6%	199.42K	236.59K
Class 1 Common Stock Direct	12/1/2022	M · Option Exercise	+7.91K	$2.19	$17.33K	3.3%	236.59K	244.51K
Class 1 Common Stock Direct	12/1/2022	S · Sale	−30.46K	$9.46	$288.11K	12.5%	244.51K	214.05K
Total			+121.24K		-$672.69

Derivative Transactions3

Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Class 1 Common Stock

106.61K shares

−106.61K

Strike price

1.77

Held after

0.00

Exercisable

—

12/1/2022

Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Class 1 Common Stock

37.17K shares

−37.17K

Strike price

2.19

Held after

27.11K

Exercisable

—

12/1/2022

Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Class 1 Common Stock

7.91K shares

−7.91K

Strike price

2.19

Held after

0.00

Exercisable

—

12/1/2022

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Option (right to buy) Direct	Class 1 Common Stock106.61K shares	12/1/2022	M · Option Exercise	−106.61K	1.77	—	0.00
Stock Option (right to buy) Direct	Class 1 Common Stock37.17K shares	12/1/2022	M · Option Exercise	−37.17K	2.19	—	27.11K
Stock Option (right to buy) Direct	Class 1 Common Stock7.91K shares	12/1/2022	M · Option Exercise	−7.91K	2.19	—	0.00