Bit Digital CFO converts 535K RSUs to shares
Bit Digital’s CFO converted 535,000 performance-based RSUs into Ordinary Shares, bringing his direct holdings to 2,465,000 Ordinary Shares plus 200,000 Preference Shares.
Rhea-AI Filing Summary
Bit Digital, Inc (BTBT) director and Chief Financial Officer Huang Erke reported the exercise and conversion of 535,000 performance-based RSUs into the same number of Ordinary Shares on August 31, 2026. The RSUs were originally issued on July 24, 2026 after performance milestones were met on June 30, 2026.
The new Ordinary Shares were valued at $1.43 per share, the closing price on the conversion date. Following these transactions, Huang directly holds 2,465,000 Ordinary Shares and 200,000 Preference Shares. No Rule 10b5-1 trading plan is reported.
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Negative
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Insights
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Insider Trade Summary
535,000 shares exercised/converted
Exercise
2 txns
Insider
Huang Erke
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3 | 535,000 | $0.00 | $0.00 |
| Exercise | Ordinary Shares, $.01 par value F1 | 535,000 | $1.43 | $765K |
Holdings After Transaction:
Restricted Stock Units — 200,000 contracts (Direct);
Ordinary Shares, $.01 par value — 2,465,000 shares (Direct)
Footnotes (3)
- F1. The Ordinary Shares reported hereby were valued at $1.43, the closing price of such shares on the date of conversion.
- F2. As previously reported, these performance-based RSUs were issued on July 24, 2026, in an exempt transaction pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, when the applicable performance milestones were met on June 30, 2026.
- F3. Represents 200,000 Preference Shares of the Issuer.
Key Figures
RSUs Converted: 535,000 units
Ordinary Shares Acquired: 535,000 shares
Valuation Price: $1.43 per share
+4 more
7 metrics
RSUs Converted
535,000 units
Performance-based RSUs converted into Ordinary Shares on August 31, 2026
Ordinary Shares Acquired
535,000 shares
Ordinary Shares received upon RSU exercise/conversion on August 31, 2026
Valuation Price
$1.43 per share
Closing price of Ordinary Shares on the August 31, 2026 conversion date
Post-transaction Ordinary Shares
2,465,000 shares
Direct Ordinary Share holdings of Huang Erke after the transactions
Post-transaction Preference Shares
200,000 shares
Preference Shares of Bit Digital, Inc held by Huang Erke after the RSU conversion
RSU Grant Date
July 24, 2026
Date performance-based RSUs were issued when milestones were met
Performance Milestone Date
June 30, 2026
Date on which applicable performance milestones were met
Key Terms
Restricted Stock Units, performance-based RSUs, Rule 16b-3, Preference Shares
4 terms
Restricted Stock Units financial
"security title is reported as Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance-based RSUs financial
"these performance-based RSUs were issued on July 24, 2026"
Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.
Rule 16b-3 regulatory
"issued in an exempt transaction pursuant to Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
FAQ
What insider transaction did BTBT’s CFO Huang Erke report on August 31, 2026?
Huang Erke reported exercising and converting 535,000 performance-based RSUs into 535,000 Ordinary Shares of Bit Digital, Inc on August 31, 2026, in an exercise or conversion of a derivative security.
Were the BTBT RSUs in this Form 4 performance-based awards?
Yes. The filing states these performance-based RSUs were issued on July 24, 2026 when applicable performance milestones were met on June 30, 2026, in an exempt transaction under Rule 16b-3.
Was a Rule 10b5-1 trading plan involved in the BTBT CFO’s August 31, 2026 transactions?
No. The filing does not indicate that a Rule 10b5-1 trading plan governed these transactions; it reports the derivative exercise and resulting share holdings without referencing any such trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
