Bitmine Immersion (BMNP) director gains 4,374 shares from RSU vesting
Rhea-AI Filing Summary
Lori Love, a director of Bitmine Immersion Technologies, Inc., exercised restricted stock units, converting 4,374 RSUs into the same number of shares of common stock at $0 per share on July 23, 2026 as part of scheduled vesting.
After these transactions, Love directly owns 45,531 shares of common stock and 8,748 RSUs that continue to vest quarterly from a January 23, 2026 grant, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,374 shares
Net Buy
2 txns
Insider
Love Lori
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F2, F3 | 4,374 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 4,374 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 8,748 shares (Direct);
Common Stock — 45,531 shares (Direct)
Footnotes (3)
- F1. Represents shares of the Issuer's common stock settled upon the vesting of restricted stock units (each an "RSU").
- F2. Each RSU represents a contingent right to receive one share of Common Stock.
- F3. 2026 Award RSUs were granted on January 23, 2026 and vest quarterly in four equal 25% installments over the 12 months following the grant date, subject to the Reporting Person's continued service through the applicable vesting date.
Key Figures
RSUs converted to common stock: 4,374 shares
Common shares owned after transaction: 45,531 shares
RSUs remaining after vesting: 8,748 RSUs
+2 more
5 metrics
RSUs converted to common stock
4,374 shares
Restricted stock units settled into common stock on 2026-07-23
Common shares owned after transaction
45,531 shares
Direct ownership of common stock following 2026-07-23 transactions
RSUs remaining after vesting
8,748 RSUs
Restricted stock units remaining after 2026-07-23 vesting event
RSU grant date
January 23, 2026
2026 Award RSUs grant date; vest over 12 months
Vesting schedule installments
4 installments of 25%
RSUs vest quarterly in four equal 25% installments over 12 months after grant
Key Terms
Restricted Stock Unit, contingent right, vesting, installments
4 terms
Restricted Stock Unit financial
"Security titled "Restricted Stock Unit" vested and settled into common stock"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
contingent right financial
"Each RSU represents a contingent right to receive one share"
vesting financial
"Common stock settled upon the vesting of restricted stock units"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
installments financial
"RSUs vest quarterly in four equal 25% installments over 12 months"
Installments are a series of scheduled partial payments that together cover a larger amount owed or due, like paying for a purchase or loan in weekly or monthly pieces rather than all at once. For investors, installments matter because they change when cash moves between parties, affect a company’s or counterparty’s short-term cash flow and risk of missed payments, and can influence valuation or perceived financial stability much like spreading the cost of a car over monthly payments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Lori Love report for BMNP?
Lori Love reported the vesting of 4,374 restricted stock units into common shares on July 23, 2026. This RSU settlement increased her direct holdings to 45,531 common shares, while 8,748 RSUs remain outstanding under a 2026 award grant.
What are restricted stock units (RSUs) in the BMNP Form 4 filing?
In this filing, each RSU represents a contingent right to receive one share of Common Stock. When RSUs vest, they settle into common shares, as seen when 4,374 RSUs converted into 4,374 Bitmine Immersion common shares at $0 per share.
What is the vesting schedule for Lori Love’s 2026 RSU award at BMNP?
The 2026 RSU award was granted on January 23, 2026 and vests quarterly in four equal 25% installments over the following 12 months. Vesting is conditioned on Lori Love’s continued service through each applicable vesting date.
Were Lori Love’s BMNP transactions under a Rule 10b5-1 trading plan?
The Form 4’s Rule 10b5-1 checkbox is not marked, indicating these transactions were not reported as executed under a Rule 10b5-1 trading plan. The activity reflects scheduled RSU vesting and settlement rather than a pre-arranged trading program.