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  4. [Form 4] BITMINE IMMERSION TECHNOLOGIES, INC. Insider Trading Activity

Director at Bitmine (BMNR) sees RSUs vest into 4,749 common shares

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

Rhea-AI Filing Summary

BITMINE IMMERSION TECHNOLOGIES, INC. director Robert J. Sechan II acquired 4,749 shares of Common Stock through the vesting and settlement of restricted stock units (RSUs). Following this compensation-related transaction, he directly holds 43,388 shares of Common Stock and 14,247 RSUs.

Each RSU represents a contingent right to receive one share of Common Stock. The 2026 RSU award was granted on January 23, 2026 and vests quarterly in four equal 25% installments over 12 months, conditioned on his continued service with the company.

Positive

  • None.

Negative

  • None.
Insider Sechan II Robert J
Role null
Type Security Shares Price Value
Exercise Restricted Stock Unit 4,749 $0.00 --
Exercise Common Stock 4,749 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 14,247 shares (Direct, null); Common Stock — 43,388 shares (Direct, null)
Footnotes (1)
  1. Represents shares of the Issuer's common stock settled upon the vesting of restricted stock units (each an "RSU"). Each RSU represents a contingent right to receive one share of Common Stock. 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.
Shares acquired via RSU vesting 4,749 shares Common Stock settled from RSUs on April 23, 2026
Common shares held after transaction 43,388 shares Direct ownership following April 23, 2026 transaction
RSUs held after transaction 14,247 RSUs Remaining restricted stock units after April 23, 2026
RSU exercise price $0.00 per share Conversion of RSUs into Common Stock
2026 RSU grant date January 23, 2026 Grant date for 2026 Award RSUs
2026 RSU vesting pattern 4 installments of 25% Quarterly vesting over 12 months after grant
Restricted Stock Unit financial
"Represents shares of the Issuer's common stock settled upon the vesting of restricted stock units"
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.
RSU financial
"Each RSU represents a contingent right to receive one share of Common Stock."
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
vest financial
"2026 Award RSUs were granted on January 23, 2026 and vest quarterly in four equal 25% installments"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
contingent right financial
"Each RSU represents a contingent right to receive one share of Common Stock."
Form 4 Insider Transactions: What Each Field Means →
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*
Sechan II Robert J
(Last)(First)(Middle)
C/O BITMINE IMMERSION TECHNOLOGIES, INC.
10845 GRIFFITH PEAK DRIVE #2
(Street)
LAS VEGAS NEVADA 89135
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
BITMINE IMMERSION TECHNOLOGIES, INC. [ BMNR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/23/2026		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 Stock04/23/2026M4,749(1)A$043,388D
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 Unit(2)04/23/2026M4,749 (3) (3)Common Stock4,749$014,247D
Explanation of Responses:
1. Represents shares of the Issuer's common stock settled upon the vesting of restricted stock units (each an "RSU").
2. Each RSU represents a contingent right to receive one share of Common Stock.
3. 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.
/s/ Bailey White, as Attorney-in-fact04/23/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Bitmine (BMNR) director Robert J. Sechan II report?

Robert J. Sechan II reported acquiring 4,749 Bitmine common shares through RSU vesting. These shares were issued at $0.00 per share as part of equity compensation, converting previously granted restricted stock units into freely held common stock.

How many Bitmine (BMNR) shares does Robert J. Sechan II hold after this Form 4?

After this transaction, Robert J. Sechan II directly holds 43,388 Bitmine common shares. He also holds 14,247 restricted stock units, which may convert into additional common shares over time according to the specified vesting schedule in his 2026 RSU award.

What are the terms of the 2026 RSU award reported for Bitmine (BMNR)?

The 2026 RSU award for Bitmine vests quarterly in four equal 25% installments over 12 months. It was granted on January 23, 2026 and requires the director’s continued service through each vesting date for the underlying restricted stock units to settle into common shares.

Is the Bitmine (BMNR) Form 4 transaction a market purchase or sale?

The Bitmine Form 4 shows no open-market buy or sell. Instead, 4,749 restricted stock units converted into common shares at $0.00 exercise price, reflecting routine equity compensation vesting rather than a discretionary purchase or sale on the public market.

What does each RSU represent in the Bitmine (BMNR) director’s award?

Each restricted stock unit represents a contingent right to receive one Bitmine common share. Once vesting conditions are met, the RSUs settle into actual shares, as shown by the 4,749 RSUs that vested and converted into 4,749 common shares in this Form 4 filing.