[Form 5] BitMine Immersion Technologies, Inc. Annual Statement of Beneficial Ownership
Rhea-AI Filing Summary
BitMine Immersion Technologies director Lori Love reported annual Form 5 changes in beneficial ownership for the fiscal year ended 08/31/2025. The filing shows three separate non-derivative issuances of 3,750 shares each on 11/30/2024, 02/28/2025, and 05/31/2025, and the reported amount of common stock beneficially owned at year-end is 22,500 shares.
The filing explains the share figures were adjusted for a 1-for-20 reverse stock split and that the shares were issued to the reporting person for services as a director. No derivative securities are reported on the Form 5 and the form is signed by the reporting person.
Positive
- Director received common stock as compensation, which can align director incentives with shareholders
Negative
- None.
Insights
TL;DR: Director compensation was settled in common stock and holdings were adjusted for a 1-for-20 reverse split.
The report documents routine director compensation in equity rather than cash, which can align management and director interests with shareholders. The Form 5 shows three issuances during the fiscal year and a year-end beneficial ownership of 22,500 shares after a 1-for-20 reverse split adjustment. This is a standard Section 16 filing; no derivatives or option exercises are disclosed.
TL;DR: Non-derivative share issuances to a director were recorded; filings reflect administrative adjustments from a reverse split.
The transactions are coded A4 and identified as common stock issued for services. Transaction dates and amounts are explicit: 3,750 shares on 11/30/2024, 2/28/2025 and 5/31/2025. The explanatory note confirms a 1-for-20 reverse split adjustment. There are no reported disposals or derivative holdings to affect short-term dilution metrics in this filing.