Abits Group CEO exercises 40,000 stock units
Abits Group Inc director and CEO Deng Conglin exercised restricted stock units into ordinary shares.
Rhea-AI Filing Summary
Abits Group Inc director and CEO Deng Conglin exercised restricted stock units into ordinary shares. On April 15, 2026, he converted 40,000 restricted stock units, which convert into ordinary shares on a one-for-one basis, receiving 40,000 ordinary shares at an exercise price of $0.00 per share.
After this transaction, Deng holds 77,355 ordinary shares directly. He also has indirect interests in 10,666 ordinary shares and 333,333 preferred shares through Bridgeforrest (BVI) Inc, an entity he controls, and 373,333 ordinary shares owned by a trust for his family members, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
40,000 shares exercised/converted
Exercise
5 txns
Insider
Deng Conglin
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 40,000 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 40,000 | $0.00 | $0.00 |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Preferred Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Ordinary Shares — 77,355 shares (Direct);
Ordinary Shares — 10,666 shares (Indirect, By Bridgeforrest (BVI) Inc);
Ordinary Shares — 373,333 shares (Indirect, By trust);
Preferred Shares — 333,333 shares (Indirect, By Bridgeforrest (BVI) Inc)
Footnotes (5)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. The securities reported herein are held by Bridgeforrest (BVI) Inc, which is an entity controlled by the Reporting Person.
- F3. The securities reported herein are owned directly by a trust, of which the Reporting Person's family members are the beneficiaries. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.
- F4. Each restricted stock unit represents the right to receive one share of the Issuer's ordinary shares upon settlement.
- F5. These restricted stock units vested on December 31, 2025.
Key Figures
RSUs exercised: 40,000 units
Shares received from RSUs: 40,000 ordinary shares
Exercise price: $0.00 per share
+4 more
7 metrics
RSUs exercised
40,000 units
Restricted stock units converted into ordinary shares on April 15, 2026
Shares received from RSUs
40,000 ordinary shares
One-for-one conversion of restricted stock units
Exercise price
$0.00 per share
Exercise or conversion price for the RSU transaction
Direct ordinary shares after transaction
77,355 shares
Direct holdings of Deng Conglin following April 15, 2026 exercise
Indirect ordinary shares via Bridgeforrest
10,666 shares
Ordinary shares held by Bridgeforrest (BVI) Inc, controlled by Deng
Trust ordinary shares
373,333 shares
Ordinary shares owned by a trust for Deng’s family members
Preferred shares via Bridgeforrest
333,333 shares
Preferred shares held indirectly through Bridgeforrest (BVI) Inc
Key Terms
Restricted stock units, pecuniary interest, beneficial ownership, Section 16, +1 more
5 terms
Restricted stock units financial
"Restricted stock units convert into common stock on a one-for-one basis."
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.
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
beneficial ownership financial
"shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"for purposes of Section 16 or for any other purpose."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Abits Group (ABTS) report for Deng Conglin?
Abits Group reported that CEO and director Deng Conglin exercised 40,000 restricted stock units into 40,000 ordinary shares at an exercise price of $0.00 per share on April 15, 2026. This was a derivative exercise, not an open-market share purchase or sale.
What indirect Abits Group holdings are reported for Deng Conglin on this Form 4?
The filing shows indirect ownership of 10,666 ordinary shares and 333,333 preferred shares held by Bridgeforrest (BVI) Inc, an entity controlled by Deng, plus 373,333 ordinary shares held by a trust for his family members, for which he disclaims beneficial ownership except for his pecuniary interest.
What are the terms of the restricted stock units exercised by Deng Conglin at Abits Group?
Each restricted stock unit represents the right to receive one Abits Group ordinary share upon settlement on a one-for-one basis. The restricted stock units exercised on April 15, 2026 had vested earlier, on December 31, 2025, and carried a stated exercise price of $0.00 per unit.
How does the family trust ownership in Abits Group affect Deng Conglin’s reported holdings?
The Form 4 states that 373,333 ordinary shares are owned by a trust whose beneficiaries are Deng’s family members. He disclaims beneficial ownership of these shares except to the extent of his pecuniary interest, so they are reported as indirect holdings with that specific limitation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
