Bitmine director receives 3,999 shares via RSU vesting

MALONEY MICHAEL STEPHEN reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

MALONEY MICHAEL STEPHEN reported acquisition or exercise transactions in this Form 4 filing.

Director Michael Stephen Maloney of Bitmine Immersion Technologies, Inc. reported the vesting of 3,999 shares of common stock on April 23, 2026, settled from restricted stock units (RSUs) at $0.00 per share. After this transaction he directly holds 230,581 shares of common stock and 11,997 RSUs. Each RSU represents a contingent right to receive one share of common stock, and the 2026 Award RSUs were granted on January 23, 2026, vesting quarterly in four equal 25% installments over 12 months, subject to his continued service.

Insider Trade Summary

3,999 shares exercised/converted

Exercise 2 txns

Insider MALONEY MICHAEL STEPHEN

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	3,999	$0.00	$0.00
Exercise	Common Stock	3,999	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 11,997 contracts (Direct); Common Stock — 230,581 shares (Direct)

Footnotes (3)

1. F1. Represents shares of the Issuer's common stock settled upon the vesting of restricted stock units (each an "RSU").
2. F2. Each RSU represents a contingent right to receive one share of Common Stock.
3. 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

Shares vested: 3,999 shares Post-transaction share holdings: 230,581 shares Remaining RSUs: 11,997 RSUs +3 more

6 metrics

Shares vested 3,999 shares Common stock settled from RSUs on April 23, 2026

Post-transaction share holdings 230,581 shares Common stock directly held after transaction

Remaining RSUs 11,997 RSUs Restricted stock units outstanding after transaction

RSU settlement price $0.00 per share Exercise/conversion price for vested RSUs

Grant date for 2026 Award RSUs January 23, 2026 Start of 12‑month vesting schedule

Vesting pattern Four 25% installments Quarterly vesting over 12 months for 2026 Award RSUs

Key Terms

Restricted Stock Unit, RSU, contingent right, vest, +1 more

5 terms

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.

contingent right financial

"Each RSU represents a contingent right to receive one share of Common Stock."

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.

installments financial

"vest quarterly in four equal 25% installments over the 12 months following the grant date"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did BMNR disclose for Michael Stephen Maloney?

Bitmine Immersion Technologies (BMNR) disclosed that director Michael Stephen Maloney had 3,999 restricted stock units vest into common stock on April 23, 2026. The RSUs settled at $0.00 per share, reflecting routine equity compensation rather than an open-market purchase or sale.

How many BMNR shares does Michael Stephen Maloney hold after this Form 4?

After the vesting, Michael Stephen Maloney directly holds 230,581 shares of Bitmine Immersion Technologies common stock. He also has 11,997 restricted stock units (RSUs) remaining, which represent additional potential shares subject to future scheduled vesting and continued service conditions.

What are restricted stock units (RSUs) in the BMNR Form 4 filing?

In this filing, each restricted stock unit (RSU) represents a contingent right to receive one share of Bitmine Immersion Technologies common stock. RSUs convert into shares upon vesting, subject to service-based conditions, rather than being bought or sold in the open market.

What is the vesting schedule for BMNR's 2026 Award RSUs reported here?

The 2026 Award RSUs were granted on January 23, 2026 and vest quarterly in four equal 25% installments over the following 12 months. Vesting is conditioned on the reporting person’s continued service through each applicable vesting date, tying equity compensation to ongoing involvement.

Did Michael Stephen Maloney sell any BMNR shares in this Form 4 transaction?

No sale is reported. The Form 4 shows an M-code transaction where 3,999 RSUs were settled into common stock at $0.00 per share. This reflects vesting/exercise of equity awards, not an open-market sale or purchase of Bitmine Immersion Technologies shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/23/2026 - 11:51 AM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

MALONEY MICHAEL STEPHEN

(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)

X	Director		10% 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)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/23/2026		M		3,999(1)	A	$0	230,581	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(2)	04/23/2026		M			3,999	(3)	(3)	Common Stock	3,999	$0	11,997	D

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-fact	04/23/2026
	** Signature of Reporting Person	Date
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)