Form 4/A: Lee Thomas Jong reports multiple insider transactions in BMNR
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Lee Thomas Jong reported multiple insider transaction types in a Form 4/A filing for BMNR. The filing lists transactions totaling 2,731,700 shares at a weighted average price of $28.80 per share. Following the reported transactions, holdings were 1,500,000 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
500,000 shares exercised/converted
Mixed
5 txns
Insider
Lee Thomas Jong
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 1,500,000 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 500,000 | $0.00 | -- |
| Exercise | Common Stock | 500,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 231,700 | $28.80 | $6.67M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 1,500,000 shares (Direct);
Common Stock — 726,722 shares (Direct);
Common Stock — 222,222 shares (Indirect, By Thomas J Lee 2012 Trust)
Footnotes (1)
- Represents one-third of the restricted stock units ("RSUs") granted to the Reporting Person for service as Executive Chairman, which were immediately vested on the date of grant in the form of Common Stock. Shares withheld for payment of tax liability. Each RSU represents a contingent right to receive one share of Common Stock. Represents RSUs which were granted to the Reporting Person for services as Executive Chairman. 500,000 RSUs were immediately vested on the grant date in the form of Common Stock, 500,000 RSUs will vest on the first anniversary of the grant date and the remaining 500,000 RSUs will vest on the second anniversary of the grant date, subject to the Reporting Person's continued service on each applicable vesting date. Represents RSUs that immediately vested on the grant date in the form of Common Stock. On January 23, 2026, 500,000 of the Reporting Person's RSUs were settled for an equal number of shares of Common Stock.
FAQ
What equity awards did BMNR director Lee Thomas Jong receive on January 23, 2026?
Lee Thomas Jong received a grant of 1,500,000 restricted stock units (RSUs) on January 23, 2026 for his service as Executive Chairman. One-third vested immediately in common stock, with the remaining RSUs scheduled to vest on the first and second anniversaries, subject to continued service.
How many BMNR restricted stock units vested immediately for Lee Thomas Jong?
On the grant date, 500,000 RSUs immediately vested and were settled into 500,000 shares of common stock. The filing explains that each RSU represents a contingent right to receive one share, with additional tranches vesting over the next two years if he continues in service.
How were taxes handled on Lee Thomas Jong’s BMNR stock settlement?
To cover tax obligations from the RSU settlement, 231,700 common shares were withheld at $28.80 per share. This is described as a payment of tax liability by delivering securities, meaning it was a tax-withholding disposition rather than an open-market sale to third-party investors.
What is Lee Thomas Jong’s direct common stock ownership in BMNR after these transactions?
Following the reported Form 4/A transactions, Lee Thomas Jong directly owned 495,022 shares of BMNR common stock. This balance reflects RSUs converted into common shares and shares withheld for taxes on January 23, 2026, as disclosed in the ownership totals after each transaction.
How many BMNR restricted stock units remain unvested for Lee Thomas Jong?
After the initial vesting and settlement, 1,000,000 RSUs remain subject to future vesting for Lee Thomas Jong. The filing states that 500,000 RSUs vest on the first anniversary and another 500,000 on the second anniversary of the grant date, contingent on continued service.