Bit Digital (BTBT) CEO gives up 200K shares, gains 10M votes
Rhea-AI Filing Summary
Bit Digital, Inc (BTBT) reported that CEO Samir Tabar received a grant of 200,000 Preference Shares at $2.00 per share on August 18, 2026, each convertible into one ordinary share and carrying the vote of 50 ordinary shares. In connection with this issuance, he forfeited 200,000 issued and outstanding ordinary shares for zero additional consideration. Following these transactions, he directly holds 735,000 Preference Shares and 3,143,089 ordinary shares, which include 200,000 ordinary shares issuable upon conversion of the new Preference Shares, for an aggregate of 10,000,000 votes attached to those Preference Shares. The transactions were not reported as made under a Rule 10b5-1 trading plan.
Positive
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Negative
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 200,000 shares
Net Sell
2 txns
Insider
Tabar Samir
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Preference Shares, $.01 par value F2, F3 | 200,000 | $2.00 | $400K |
| Other | Ordinary Shares, $01 par value F1 | 200,000 | -- | -- |
Holdings After Transaction:
Preference Shares, $.01 par value — 735,000 shares (Direct);
Ordinary Shares, $01 par value — 3,143,089 shares (Direct)
Footnotes (3)
- F1. These issued and outstanding ordinary shares were forfeited by Mr. Tabar for zero additional consideration, upon the issuance of 200,000 Preference Shares.
- F2. There is no expiration date.
- F3. Includes 200,000 ordinary shares issuable upon conversion of 200,000 Preference Shares issued on August 18, 2026. Each Preference Share carries the vote of 50 ordinary shares or an aggregate of 10,000,000 votes on all matters. Upon the issuance of the 200,000 Preference Shares, Mr. Tabar forfeited 200,000 issued and outstanding ordinary shares, as described in note (1) above.
Key Figures
Preference Shares granted: 200,000 shares
Grant price per Preference Share: $2.00 per share
Preference Shares held after transaction: 735,000 shares
+4 more
7 metrics
Preference Shares granted
200,000 shares
Grant of Preference Shares on August 18, 2026 at $2.00 per share
Grant price per Preference Share
$2.00 per share
Preference Shares, $.01 par value, transaction on August 18, 2026
Preference Shares held after transaction
735,000 shares
Total Preference Shares directly owned by Samir Tabar following the grant
Ordinary shares forfeited
200,000 shares
Issued and outstanding ordinary shares forfeited for zero additional consideration
Ordinary shares held after transaction
3,143,089 shares
Direct ordinary share holdings including 200,000 issuable upon conversion of Preference Shares
Votes per Preference Share
50 votes per share
Each Preference Share carries the vote of 50 ordinary shares
Aggregate votes from new Preference Shares
10,000,000 votes
Aggregate voting power of 200,000 newly issued Preference Shares
Key Terms
Preference Shares, Ordinary Shares, grant/award acquisition, Rule 10b5-1, +1 more
5 terms
grant/award acquisition financial
"transaction_action": "grant/award acquisition""
Rule 10b5-1 regulatory
"The transactions were not reported as made under a Rule 10b5-1 trading plan"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
voting power financial
"Each Preference Share carries the vote of 50 ordinary shares or an aggregate"
Voting power is the ability shareholders have to influence a company's major decisions—like electing the board, approving mergers, or changing corporate rules—based on the voting rights attached to the shares they hold. For investors it matters because greater voting power is like holding more keys to a building: it gives you a stronger say over management choices and the company’s strategy, which can affect future value and risk.
FAQ
What insider transactions did BTBT CEO Samir Tabar report on August 18, 2026?
He reported a grant of 200,000 Preference Shares at $2.00 per share and a related forfeiture of 200,000 issued and outstanding ordinary shares for zero additional consideration, both dated August 18, 2026.
Were the reported BTBT insider transactions under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan, so the transactions were not reported as being made pursuant to a Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
