BTBT CFO and director Erke Huang discloses November insider share sales

Rhea-AI Filing Summary

Bit Digital, Inc. (BTBT) Chief Financial Officer and director Erke Huang reported open-market sales of the company’s ordinary shares. On 11/20/2025, he sold 1,089,364 ordinary shares at an average price of $2.18, leaving him with 1,585,636 shares afterward. On 11/21/2025, he sold an additional 410,636 shares at an average price of $2.01, with 1,175,000 shares beneficially owned following that transaction. The filing states that the sales were made for diversification of personal financial management and notes that all other transactions within the past six months were in Rule 16b-3 exempt transactions.

Insights

Equity Ownership & Governance Analyst

CFO/director sold a significant block of shares, reducing direct ownership but retaining a large remaining stake.

The filing shows the **Chief Financial Officer and director of Bit Digital, Inc.** sold ordinary shares on two consecutive days. On 11/20/2025, the person sold **1,089,364 ordinary shares** at an average price of $2.18 per share, and on 11/21/2025 they sold **410,636 shares** at $2.01 per share. After these sales, the person directly holds **1,175,000 ordinary shares**, down from **3,255,000** before the first sale.

The person is both a **director and the CFO**, so changes in their holdings can matter for perceptions of alignment with other shareholders. The explanation states these sales were for “diversification of personal financial management,” and that all other transactions in the past six months were in Rule 16b‑3 exempt transactions, which describes the regulatory treatment of prior trades. The form does not indicate use of a Rule 10b5‑1 trading plan box, so this appears as discretionary selling rather than a pre‑programmed plan.

Key items to monitor from this disclosure are the **reduced but still sizable remaining stake** of 1,175,000 shares and any future forms that show additional sales or changes. If more transactions occur, new Forms 4 would be expected within the usual two‑business‑day window, which offers a near‑term way to track ongoing insider activity.

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
Estimated average burden
hours per response:			0.5

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^*

Huang Erke

(Last) (First) (Middle)

31 HUDSON YARDS

FLOOR 11

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Bit Digital, Inc [ BTBT ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
11/20/2025

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
Ordinary Shares, $.01 par value	11/21/2025	11/21/2025	S		410,636(1)	D	$2.01	1,175,000	D
Ordinary Shares, $.01 par value	11/20/2025	11/20/2025	S		1,089,364(1)	D	$2.18(2)	1,585,636	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

Explanation of Responses:

1. These shares were sold for diversification of personal financial management. All other transactions within the past six months were in Rule 16b-3 exempt transactions.

2. The average price per share for all sales made on that date.

	/s/ Erke Huang	11/24/2025
	** 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 BTBT’s CFO report on this Form 4?

BTBT’s Chief Financial Officer and director, Erke Huang, reported sales of ordinary shares in two open-market transactions on 11/20/2025 and 11/21/2025.

How many Bit Digital (BTBT) shares did the CFO sell and at what prices?

On 11/20/2025, he sold 1,089,364 shares at an average price of $2.18. On 11/21/2025, he sold 410,636 shares at an average price of $2.01.

How many BTBT shares does the CFO beneficially own after these sales?

Following the 11/21/2025 transaction, the filing reports that he beneficially owns 1,175,000 Bit Digital ordinary shares.

What reason was given for the BTBT CFO’s share sales?

The explanation states that the shares were sold for diversification of personal financial management.

Were recent BTBT insider transactions other than these sales exempt under Rule 16b-3?

The filing notes that all other transactions within the past six months were in Rule 16b-3 exempt transactions.

What is the role of the reporting person in Bit Digital (BTBT)?

The reporting person, Erke Huang, is a director and Chief Financial Officer of Bit Digital, Inc.