Bitmine CEO receives 30,211 options and stock grants
BMNP's transactions pair an April equity award with six RSU settlement dates and four tax-withholding transactions in 2026.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Bitmine Immersion Technologies, Inc. Chief Executive Officer Chi Keung Tsang reported direct equity awards, RSU vestings and tax-withholding transactions. On April 2, 2026, he received 30,211 stock options with a $19.46 exercise price and an April 2, 2036 expiration, plus 15,106 RSUs subject to quarterly vesting over 12 months and continued service.
RSUs settled into common shares of 4,186 on April 7, 142 on April 23, 3,776 on June 30, 142 on July 23, 3,776 on September 30 and 141 on October 23, 2026. Tax withholding involved 1,496 shares at $20.17 per share on April 7; 1,272 at $13.31 on June 30; 1,294 at $26.43 on September 30; and 151 at $22.40 on October 23.
Insider Trade Summary
7,977 shares exercised/converted
Exercise
17 txns
Insider
Tsang Chi Keung
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F6, F8 | 141 | $0.00 | $0.00 |
| Exercise | Common Stock F3 | 141 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 151 | $22.40 | $3K |
| Exercise | Restricted Stock Units F6, F7 | 3,776 | $0.00 | $0.00 |
| Exercise | Common Stock F4 | 3,776 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 1,294 | $26.43 | $34K |
| Exercise | Restricted Stock Units F6, F8 | 142 | $0.00 | $0.00 |
| Exercise | Common Stock F3 | 142 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F6, F7 | 3,776 | $0.00 | $0.00 |
| Exercise | Common Stock F4 | 3,776 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 1,272 | $13.31 | $17K |
| Exercise | Restricted Stock Units F6, F8 | 142 | $0.00 | $0.00 |
| Exercise | Common Stock F3 | 142 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1 | 4,186 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 1,496 | $20.17 | $30K |
| Grant/Award | Stock Options F5 | 30,211 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F6, F7 | 15,106 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Options — 30,211 contracts (Direct);
Restricted Stock Units — 7,696 contracts (Direct);
Common Stock — 7,950 shares (Direct)
Footnotes (8)
- F1. Represents shares of the Issuer's common stock settled upon the immediate vesting of 4,186 restricted stock units (each, an "RSU").
- F2. Shares withheld for payment of tax liability.
- F3. Represents shares of the Issuer's common stock underlying 142 vested RSUs.
- F4. Represents shares of the Issuer's common stock settled upon the vesting of 3,776 RSUs.
- F5. Represents an award of options to purchase common stock granted to the Reporting Person in connection with his annual long-term incentive award for service as Chief Executive Officer ("CEO") during fiscal year 2026 ("FY 2026 Award"). The FY 2026 Award options vest and become exercisable in four equal quarterly installments following the grant date, and expire 10 years following the grant date.
- F6. Each RSU represents a contingent right to receive one share of common stock.
- F7. Represents RSUs granted to the Reporting Person on April 2, 2026 for service as CEO. The RSUs vest in quarterly installments over the 12 months following the grant date, subject to the Reporting Person's continued service through each applicable vesting date.
- F8. Represents RSUs granted to the Reporting Person on January 23, 2026 in connection with his prorated performance bonus, which vest in four quarterly installments beginning April 23, 2026, subject to the Reporting Person's continued service through each applicable vesting date.
Key Figures
Stock options awarded: 30,211 options
Exercise price: $19.46 per share
RSUs awarded: 15,106 RSUs
+5 more
8 metrics
Stock options awarded
30,211 options
Awarded April 2, 2026
Exercise price
$19.46 per share
Options awarded April 2, 2026
RSUs awarded
15,106 RSUs
Awarded April 2, 2026
RSUs settled
4,186 shares
April 7, 2026
Shares withheld for tax liability
1,496 shares at $20.17 per share
April 7, 2026
Shares withheld for tax liability
1,272 shares at $13.31 per share
June 30, 2026
Shares withheld for tax liability
1,294 shares at $26.43 per share
September 30, 2026
Shares withheld for tax liability
151 shares at $22.40 per share
October 23, 2026
Key Terms
Restricted Stock Units, quarterly installments, long-term incentive award, exercise price, +1 more
5 terms
Restricted Stock Units financial
"Each RSU represents a contingent right to receive one share"
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.
quarterly installments financial
"vest in quarterly installments over the 12 months"
long-term incentive award financial
"in connection with his annual long-term incentive award"
A long-term incentive award is a form of compensation granted to executives or employees that pays out over several years, often as company stock, stock-like units, or cash tied to future performance goals. Investors care because these awards aim to align management’s interests with shareholder value—like giving a gardener seeds that only grow if they tend the garden well—and they can affect future share counts, reported costs, and the executive team’s motivation to meet long-range targets.
exercise price financial
"options to purchase common stock"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
continued service financial
"subject to the Reporting Person's continued service through each applicable vesting date"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did BMNP CEO Chi Keung Tsang receive?
On April 2, 2026, Chi Keung Tsang received 30,211 stock options with a $19.46 exercise price, expiring April 2, 2036, and 15,106 RSUs. The RSUs vest quarterly over 12 months, subject to continued service.
How do BMNP's RSU vesting schedules work?
The 15,106 RSUs granted on April 2, 2026 vest quarterly over the following 12 months, subject to continued service through each applicable vesting date. The RSUs tied to a prorated performance bonus vest in four quarterly installments beginning April 23, 2026, also subject to continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
