Bit Digital (NASDAQ: BTBT) CFO granted 200K prefs, holds 25M votes
Rhea-AI Filing Summary
Bit Digital, Inc (BTBT) reported that Chief Financial Officer and director Erke Huang had 200,000 Preference Shares (par value $0.01) granted or awarded on August 18, 2026 at $2.00 per share, held indirectly through Even Green Holdings Limited. These Preference Shares have no expiration date and are convertible into Ordinary Shares. In connection with this issuance, Huang forfeited 200,000 issued and outstanding Ordinary Shares for zero additional consideration, an internal restructuring reported with code J. Following these transactions, Huang held 1,035,000 Preference Shares indirectly and 1,930,000 Ordinary Shares directly. Footnotes state that 500,000 Preference Shares held through Even Green are convertible into 500,000 Ordinary Shares, with each Preference Share carrying the vote of 50 Ordinary Shares, for an aggregate of 25,000,000 votes on all matters.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 200,000 shares
Net Sell
2 txns
Insider
Huang Erke
Role
Chief Financial Officer
| 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 — 1,035,000 shares (Indirect, See footnote);
Ordinary Shares, $01 par value — 1,930,000 shares (Direct)
Footnotes (3)
- F1. These issued and outstanding ordinary shares were forfeited by Mr. Huang for zero additional consideration, upon the issuance of 200,000 Preference Shares.
- F2. There is no expiration date.
- F3. Erke Huang, through Even Green Holdings Limited is the beneficial owner of 500,000 ordinary shares issuable upon conversion of 500,000 Preference Shares including 200,000 issued for performance on August 18, 2026. Each Preference Share carries the vote of 50 ordinary shares or an aggregate of 25,000,000 votes on all matters. Upon the issuance of the 200,000 Preference Shares, Mr. Huang 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: 1,035,000 shares
+3 more
6 metrics
Preference Shares granted
200,000 shares
Grant/award to Erke Huang on August 18, 2026
Grant price per Preference Share
$2.00 per share
Preference Shares, $.01 par value, granted August 18, 2026
Preference Shares held after transaction
1,035,000 shares
Indirect holdings of Preference Shares following the grant
Ordinary Shares forfeited
200,000 shares
Issued and outstanding Ordinary Shares forfeited for zero consideration
Ordinary Shares held after transaction
1,930,000 shares
Direct Ordinary Share holdings after forfeiture
Preference Shares with super-voting rights
500,000 shares; 25,000,000 votes
Each Preference Share carries the vote of 50 Ordinary Shares
Key Terms
Preference Shares, beneficial owner, forfeited, par value, +1 more
5 terms
beneficial owner financial
"is the beneficial owner of 500,000 ordinary shares issuable"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
forfeited financial
"ordinary shares were forfeited by Mr. Huang for zero additional consideration"
par value financial
"Preference Shares, $.01 par value"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
super-voting financial
"Each Preference Share carries the vote of 50 ordinary shares"
Shares or stock classes that carry greater voting power per share than ordinary shares, allowing holders to control corporate decisions with fewer shares. For investors, super-voting rights matter because they concentrate control—similar to a small group of homeowners who hold the only keys to a building’s boardroom—so financial outcomes and strategic choices can reflect the priorities of those few rather than the broader shareholder base.
FAQ
What insider equity award did BTBT CFO Erke Huang receive on August 18, 2026?
Erke Huang received a grant of 200,000 Preference Shares of Bit Digital, Inc at $2.00 per share on August 18, 2026. These shares have no expiration date and are convertible into Ordinary Shares, and are held indirectly through Even Green Holdings Limited.
Was the BTBT CFO’s August 18, 2026 transaction a market buy or sell?
No market buy or sell was reported. The Form 4 shows a grant of 200,000 Preference Shares (code A) and a related forfeiture of 200,000 Ordinary Shares for zero additional consideration (code J), reflecting an internal equity restructuring rather than an open-market trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.
