American Bitcoin (NASDAQ: ABTC) director exercises RSUs and transfers 254,778 shares
Rhea-AI Filing Summary
American Bitcoin Corp. director Richard Busch exercised restricted stock units and restructured related share holdings. On June 22, 2026, RSUs for 254,778 shares of Class A common stock converted on a one-for-one basis at $0.00 per unit, increasing his direct holdings to 2,103,753 shares.
The RSUs, which vested on the date of the 2026 Annual General Meeting, were settled entirely, leaving no remaining RSU balance. On June 24, 2026, Busch recorded an ``other'' transaction involving 254,778 Class A shares, reflecting a transfer of director-compensation shares to his former law firm under their partnership agreements. Following this transfer, he directly held 1,848,975 Class A shares.
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Insider Trade Summary
254,778 shares exercised/converted
Exercise
3 txns
Insider
Busch Richard
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 254,778 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 254,778 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 254,778 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Class A Common Stock — 1,848,975 shares (Direct)
Footnotes (4)
- F1. Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer Class A common stock on a one-for-one basis.
- F2. Represents a transfer of shares of Issuer Class A common stock granted to Mr. Busch as director compensation to his former law firm pursuant to their Partnership Agreement and a separate agreement between Mr. Busch and said partnership.
- F3. Each RSU represents a contingent right to receive one share of Issuer Class A common stock. The RSUs settled in either Class A common stock or cash (or a combination thereof) at the discretion of the Issuer.
- F4. These RSUs vested on the date of the 2026 Annual General Meeting of the Stockholders of the Issuer.
Key Figures
RSUs exercised: 254,778 units
Exercise price per RSU: $0.00 per unit
Shares after RSU conversion: 2,103,753 shares
+3 more
6 metrics
RSUs exercised
254,778 units
Converted into Class A common stock on June 22, 2026
Exercise price per RSU
$0.00 per unit
RSUs converting into Class A common stock
Shares after RSU conversion
2,103,753 shares
Total Class A shares directly held after June 22, 2026 transaction
Other transfer shares
254,778 shares
Class A shares transferred to former law firm on June 24, 2026
Shares after transfer
1,848,975 shares
Direct Class A holdings following June 24, 2026 transaction
Remaining RSUs
0 units
RSU balance after full settlement into Class A stock
Key Terms
Restricted Stock Units, RSUs, derivative security, Annual General Meeting, +1 more
5 terms
Restricted Stock Units financial
"Reflects restricted stock units ("RSUs") that upon vesting converted into shares"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"Each RSU represents a contingent right to receive one share of Issuer Class A"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Annual General Meeting financial
"These RSUs vested on the date of the 2026 Annual General Meeting of the Stockholders"
director compensation financial
"Represents a transfer of shares of Issuer Class A common stock granted to Mr. Busch as director compensation"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did ABTC director Richard Busch report?
Richard Busch reported exercising restricted stock units into 254,778 Class A shares at $0.00 per unit, then recording an ``other'' transaction of 254,778 shares. The filing shows this as a restructuring of previously granted director-compensation shares.
What was the nature of the RSU exercise reported by ABTC director Richard Busch?
Busch exercised 254,778 restricted stock units, each converting into one Class A common share at $0.00 per unit. These RSUs vested on the date of the 2026 Annual General Meeting and were settled entirely into stock, eliminating his remaining RSU balance.
What does the 'other' transaction code J mean in Richard Busch’s ABTC Form 4?
Transaction code J reflects an ``other acquisition or disposition.'' In this case, the filing states it represents a transfer of 254,778 Class A shares, originally granted as director compensation, to Busch’s former law firm pursuant to their partnership-related agreements.