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.

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)

1. F1. The Ordinary Shares reported hereby were valued at $1.43, the closing price of such shares on the date of conversion.
2. 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.
3. 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.

Preference Shares financial

"Represents 200,000 Preference Shares of the Issuer"

Preference shares are a type of company stock that pays owners a fixed or regularly prioritized payout, similar to receiving steady interest from a savings account, while still representing ownership. They usually get paid dividends before regular (common) shareholders and have priority if the company distributes assets, but often carry limited voting rights and less upside if the company’s value soars. Investors care because preference shares trade off growth potential for steadier income and greater safety in payouts.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

At what value were the new Bit Digital (BTBT) Ordinary Shares recorded in this Form 4?

The 535,000 Ordinary Shares were valued at $1.43 per share, which the filing states was the closing price on the date of conversion, August 31, 2026.

What are BTBT CFO Huang Erke’s shareholdings after the reported Form 4 transactions?

After the reported transactions, Huang directly holds 2,465,000 Ordinary Shares of Bit Digital, Inc and 200,000 Preference Shares, as stated in the filing’s post-transaction holdings.

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.

How many derivative RSUs related to BTBT does the CFO hold after this Form 4?

The Form 4 shows 200,000 Preference Shares in a derivative entry following the RSU conversion. The derivative summary contains no additional remaining derivative positions beyond those stated holdings.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/02/2026 - 05:50 PM EDT Accepted by SEC EDGAR 09/02/2026 - 05:49 PM EDT Learn about SEC filing dates

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 NEW YORK 10001

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	08/31/2026	08/31/2026	M		535,000	A	$1.43(1)	2,465,000	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
Restricted Stock Units(2)	$0	08/31/2026	08/31/2026	M			535,000	07/24/2026	03/12/2036	Ordinary Shares	535,000	$0	200,000(3)	D

Explanation of Responses:

1. The Ordinary Shares reported hereby were valued at $1.43, the closing price of such shares on the date of conversion.

2. 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.

3. Represents 200,000 Preference Shares of the Issuer.

	/s/ Erke Huang	09/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)