Director at Bitmine Immersion (BMNR) awarded stock and 57,000 options

Rhea-AI Filing Summary

Bitmine Immersion Technologies director David E. Sharbutt reported stock and option awards tied to his board service. On January 23, 2026, he received 7,082 shares of common stock for service on the board and its committees during the 2025 calendar year.

He was also granted a one-time award of 26,000 common shares to align newly appointed independent directors with stockholders, leaving him with 43,082 common shares held directly after these grants. All common stock grants were reported at a price of $0 per share, reflecting compensatory awards rather than open-market purchases.

Sharbutt additionally received 57,000 stock options with an exercise price of $29.8 per share for his 2026 board service. These options vest in four equal quarterly installments following the grant date and expire ten years after grant, giving him long-term, performance-tied exposure to Bitmine Immersion’s equity.

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
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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^*

SHARBUTT DAVID E

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/23/2026

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	01/23/2026		A		7,082(1)	A	$0	17,082	D
Common Stock	01/23/2026		A		26,000(2)	A	$0	43,082	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
Stock Options	$29.8	01/23/2026		A		57,000		(3)	01/23/2036	Common Stock	57,000(3)	$0	57,000	D

Explanation of Responses:

1. Represents shares of Common Stock for respective service on the Board and its committees during the 2025 calendar year.

2. Represents a one-time grant of shares of Common Stock to newly-appointed independent members of the Board to ensure all directors have significant alignment with the Company's stockholders, reduced by the 10,000 shares of Common Stock previously granted to the Reporting Person during 2025.

3. Represents an award of options to purchase Common Stock for the Reporting Person's service on the Board and its committees during the 2026 calendar year ("2026 Award"). The 2026 Award options vest and become exercisable in four equal quarterly installments following the grant date, and expire 10 years following the grant date.

	/s/ Bailey White, as Attorney-in-fact	01/27/2026
	** 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.

FAQ

What stock grants did Bitmine Immersion (BMNR) director David E. Sharbutt receive?

David E. Sharbutt received 7,082 Bitmine Immersion common shares for his 2025 board service. He also received a one-time grant of 26,000 common shares for alignment as a newly appointed independent director, bringing his direct holdings to 43,082 shares after the transactions.

How many stock options were granted to Bitmine Immersion (BMNR) director David E. Sharbutt?

Sharbutt was granted 57,000 Bitmine Immersion stock options on January 23, 2026. These options have a $29.8 exercise price per share, vest in four equal quarterly installments after the grant date, and expire ten years from the grant date as part of his 2026 board compensation.

Were David E. Sharbutt’s Bitmine Immersion (BMNR) stock awards open-market purchases?

No, the reported Bitmine Immersion transactions are compensatory awards at a stated price of $0 per share. They consist of board service stock grants and options, rather than open-market purchases, and reflect director compensation rather than discretionary buying in the public market.

What is David E. Sharbutt’s Bitmine Immersion (BMNR) common stock ownership after these grants?

After the January 23, 2026 grants, Sharbutt directly owns 43,082 Bitmine Immersion common shares. This figure includes 7,082 shares for 2025 board service and a one-time 26,000-share alignment grant to newly appointed independent directors, all held in direct ownership form.

How do the 2026 stock options for Bitmine Immersion (BMNR) director Sharbutt vest?

Sharbutt’s 57,000 Bitmine Immersion stock options for 2026 board service vest in four equal quarterly installments after the January 23, 2026 grant date. The options expire ten years after grant, creating a long-term incentive structure tied to ongoing service and future company performance.