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Kaliste’s BGDE (NASDAQ: BGDE) RSU vesting, share exercises and tax withholding detailed

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Big Digital Energy, Inc. officer Saloom Kaliste reported compensation-related stock activity involving restricted stock units and common shares. On April 6, 2026, Kaliste exercised RSU awards into common stock and had a portion of shares withheld to satisfy tax obligations, rather than selling shares in the market. One grant of 11,962 RSUs and another grant tied to 7,204 RSUs vested earlier than scheduled due to a change of control under the company’s 2024 Omnibus Equity Incentive Plan, and these RSUs were later settled for common shares on May 8, 2026. After the reported transactions, Kaliste held 47,536 common shares directly.

Positive

  • None.

Negative

  • None.
Insider Saloom Kaliste
Role See Remarks
Type Security Shares Price Value
Exercise Restricted Stock Units 11,962 $0.00 --
Exercise Restricted Stock Units 5,403 $0.00 --
Exercise Common Stock 17,365 $0.00 --
Tax Withholding Common Stock 5,604 $2.59 $15K
Holdings After Transaction: Restricted Stock Units — 5,403 shares (Direct, null); Common Stock — 47,536 shares (Direct, null)
Footnotes (1)
  1. Each restricted stock unit is issued under and subject to the terms of the Mawson Infrastructure Group Inc 2024 Omnibus Equity Incentive Plan ("Plan"), and represents the right to receive, at settlement, one share of common stock, an equivalent cash amount at fair market value, or a combination, at the discretion of the Administrator of the Plan. On December 18, 2025, the reporting person was granted 11,962 restricted stock units, which were scheduled to vest in full on December 18, 2026. The vesting date of such grant was accelerated due to a change of control, as defined by the Plan, effective April 6, 2026. The restricted stock units were settled for shares of common stock on May 8, 2026. On July 1, 2024, the reporting person was granted 7,204 restricted stock units, which were scheduled to vest in four equal installments on August 26, 2025, August 25, 2026, August 24, 2027, and August 23, 2028. Vesting of the final three installments was accelerated due to a change of control, as defined by the Plan, effective April 6, 2026. The restricted stock units were settled for shares of common stock on May 8, 2026.
Tax-withholding shares 5,604 shares Common stock used for tax withholding at $2.59/share on April 6, 2026
Shares acquired via exercise 17,365 shares Common stock from derivative exercise coded M on April 6, 2026
Holdings after transactions 47,536 shares Total common shares directly owned after reported activity
Holdings after tax withholding 41,932 shares Common shares directly owned following F-code tax-withholding disposition
Accelerated RSU grant 11,962 RSUs Grant vested early due to change of control effective April 6, 2026
Prior RSU grant 7,204 RSUs Grant with four scheduled vesting dates, later partially accelerated
Restricted Stock Units financial
"On December 18, 2025, the reporting person was granted 11,962 restricted stock units, which were scheduled to vest in full..."
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.
Omnibus Equity Incentive Plan financial
"Each restricted stock unit is issued under and subject to the terms of the Mawson Infrastructure Group Inc 2024 Omnibus Equity Incentive Plan..."
A single, company-wide plan that lets a business grant different kinds of stock-based pay — such as stock options, shares that vest over time, or other equity awards — to employees, directors and consultants. It matters to investors because it determines how much of the company can be paid out in shares, how quickly those shares enter the market, and how well employees are motivated to grow the business; think of it as a toolbox or menu for paying with ownership stakes that can dilute existing holders and affect company performance.
change of control financial
"The vesting date of such grant was accelerated due to a change of control, as defined by the Plan, effective April 6, 2026."
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" with transaction code F for 5,604 common shares."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" for RSU-related entries coded M."
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Saloom Kaliste

(Last)(First)(Middle)
C/O BIG DIGITAL ENERGY, INC.
950 RAILROAD AVENUE

(Street)
MIDLAND PENNSYLVANIA 15059

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Big Digital Energy, Inc. [ BGDE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
See Remarks
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/06/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock04/06/2026M17,365A(2)47,536D
Common Stock04/06/2026F5,604D$2.5941,932D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)04/06/2026M11,962 (2) (2)Common Stock11,962$05,403D
Restricted Stock Units(1)04/06/2026M5,403 (3) (3)Common Stock5,403$00D
Explanation of Responses:
1. Each restricted stock unit is issued under and subject to the terms of the Mawson Infrastructure Group Inc 2024 Omnibus Equity Incentive Plan ("Plan"), and represents the right to receive, at settlement, one share of common stock, an equivalent cash amount at fair market value, or a combination, at the discretion of the Administrator of the Plan.
2. On December 18, 2025, the reporting person was granted 11,962 restricted stock units, which were scheduled to vest in full on December 18, 2026. The vesting date of such grant was accelerated due to a change of control, as defined by the Plan, effective April 6, 2026. The restricted stock units were settled for shares of common stock on May 8, 2026.
3. On July 1, 2024, the reporting person was granted 7,204 restricted stock units, which were scheduled to vest in four equal installments on August 26, 2025, August 25, 2026, August 24, 2027, and August 23, 2028. Vesting of the final three installments was accelerated due to a change of control, as defined by the Plan, effective April 6, 2026. The restricted stock units were settled for shares of common stock on May 8, 2026.
Remarks:
General Counsel & Corporate Secretary
/s/ Kaliste Saloom05/13/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did Saloom Kaliste report for BGDE on April 6, 2026?

Saloom Kaliste reported exercising restricted stock units into common stock and a related tax-withholding disposition on April 6, 2026. These actions converted RSUs into shares and used some shares to cover tax obligations, without open-market buying or selling.

How many Big Digital Energy (BGDE) shares did Saloom Kaliste acquire through exercises?

Kaliste acquired 17,365 common shares through derivative exercises coded “M.” These exercises converted previously granted restricted stock units into common stock as part of equity compensation, increasing his direct share ownership before accounting for tax-withholding dispositions.

How many Big Digital Energy (BGDE) shares were used for tax withholding?

A total of 5,604 common shares were disposed of in a transaction coded “F” for tax-withholding. This means the issuer withheld shares to cover tax liabilities related to the equity awards, rather than Kaliste selling shares on the open market.

What were Saloom Kaliste’s BGDE share holdings after these transactions?

Following the reported April 6, 2026 transactions, Kaliste directly owned 47,536 common shares. This figure reflects his equity position after exercising restricted stock units and accounting for the shares withheld to satisfy related tax obligations.

Why were Saloom Kaliste’s BGDE restricted stock units accelerated?

Footnotes state that RSU vesting was accelerated due to a change of control under the company’s 2024 Omnibus Equity Incentive Plan. Grants originally scheduled to vest later instead vested earlier and were subsequently settled for common shares on May 8, 2026.

What equity plans governed Saloom Kaliste’s BGDE restricted stock units?

The restricted stock units were issued under a 2024 Omnibus Equity Incentive Plan. Each RSU represents the right to receive one share of common stock, cash equal to its fair market value, or a combination, at the plan administrator’s discretion at settlement.