Bitmine Immersion (BMNR) president discloses 652 RSU vesting and updated share holdings

Rhea-AI Filing Summary

Bitmine Immersion Technologies, Inc. president reported a change in equity holdings. On December 3, 2025, 652 restricted stock units (RSUs) vested and converted into the same number of shares of common stock at an exercise price of $0, in line with his Employment Agreement vesting schedule and continued employment requirements.

Following this transaction, he held 76,652 shares of common stock directly. He also had indirect ownership of 36,378 shares through Coral Investment Partners, LP, where he controls voting and investment power as owner of the general partner, and 2,500 shares through Morris Lake Holdings, LLC, which is majority-owned by his spouse and children. The RSUs convert into common stock on a one-for-one basis, with vesting described in an executive employment agreement effective September 1, 2025.

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

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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^*

NELSON ERIK S

(Last) (First) (Middle)

C/O BITMINE IMMERSION TECHNOLOGIES, INC.

10845 GRIFFITH PEAK DRIVE #2

(Street)

LAS VEGAS NV 89135

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BITMINE IMMERSION TECHNOLOGIES, INC. [ BMNR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	12/03/2025		M		652(1)	A	$0	76,652	D
Common Stock								36,378	I	Held by Coral Investment Partners, LP(2)
Common Stock								2,500	I	Held by Morris Lake Holdings, LLC(3)

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 Units	(4)	09/01/2025		M		2,608		(5)	(5)	Common Stock	2,608	$0	2,608	D
Restricted Stock Units	(4)	12/03/2025		M			652	(1)	(1)	Common Stock	652	$0	1,956	D

Explanation of Responses:

1. On December 3, 2025, 652 restricted stock units ("RSUs") were vested in accordance with the vesting schedule in the Employment Agreement and subject to the continued employment of the Registered Person on each vesting date.

2. The Reporting Person in his capacity as owner of the general partner, has sole voting and investment power of shares of common stock held by Coral Investment Partners, LP.

3. The Reporting Person's spouse and children collectively hold a majority interest in Morris Lake Holdings, LLC.

4. RSUs convert into common stock on a one-for-one basis.

5. RSUs vest in accordance with the terms of that certain Executive Employment Agreement by and between the Company and the Reporting Person, effective as of September 1, 2025 (the "Employment Agreement"). The vesting schedule provides for four equal installments of 25% each on November 30, 2025, February 28, 2026, May 31, 2026, and August 31, 2026.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Riley Doggett, as Attorney-in-fact	12/10/2025
	** 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.

FAQ

What insider transaction did Bitmine Immersion Technologies (BMNR) report?

The president of Bitmine Immersion Technologies, Inc. (BMNR) reported the vesting and conversion of 652 restricted stock units into an equal number of common shares on December 3, 2025.

How many Bitmine Immersion Technologies (BMNR) shares does the insider own after this Form 4?

After the reported transaction, the president directly owned 76,652 shares of BMNR common stock, in addition to shares held indirectly through investment entities.

What indirect BMNR shareholdings does the reporting person have?

The reporting person has indirect ownership of 36,378 shares of BMNR common stock through Coral Investment Partners, LP and 2,500 shares through Morris Lake Holdings, LLC.

What are the key terms of the Bitmine Immersion Technologies RSUs reported?

The reported restricted stock units convert into common stock on a one-for-one basis and vested according to the Executive Employment Agreement effective September 1, 2025.

What vesting schedule applies to the Bitmine Immersion Technologies RSUs?

The RSUs vest under the Employment Agreement in four equal 25% installments on November 30, 2025, February 28, 2026, May 31, 2026, and August 31, 2026, subject to continued employment.

What was the exercise or conversion price for the BMNR RSUs that vested?

The 652 RSUs that vested and converted into BMNR common stock on December 3, 2025 had an exercise price of $0.

What is the role of the reporting person at Bitmine Immersion Technologies (BMNR)?

The reporting person serves as an officer of Bitmine Immersion Technologies, Inc., holding the title of President.