Bitfufu CFO acquires 56,000 Class A shares via RSUs

Bitfufu Inc. Chief Financial Officer Calla Zhao acquired 56,000 Class A ordinary shares through the vesting and conversion of previously granted restricted share units (RSUs) at no cash cost.

Rhea-AI Filing Summary

Bitfufu Inc. Chief Financial Officer Calla Zhao acquired 56,000 Class A ordinary shares through the vesting and conversion of previously granted restricted share units (RSUs) at no cash cost. After this transaction, Zhao directly holds 491,000 Class A shares and 168,000 RSUs that continue to vest annually from a 224,000 RSU award.

Insider Trade Summary

56,000 shares exercised/converted

Exercise 2 txns

Insider Zhao Calla

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units	56,000	$0.00	$0.00
Exercise	Class A Ordinary Shares	56,000	$0.00	$0.00

Holdings After Transaction: Restricted Share Units — 168,000 contracts (Direct); Class A Ordinary Shares — 491,000 shares (Direct)

Footnotes (2)

1. F1. Represents Class A ordinary shares, par value US$0.0001 per share (each, a "Class A ordinary share"), of BitFuFu Inc. (the "Company"), acquired by the reporting person upon vesting of the 56,000 out of 224,000 restricted share units (each, a "RSU" and collectively, the "RSUs") previously awarded to the reporting person. The RSUs do not have an expiration date and vest per annum in four equal instalments over a four-year period, starting from July 1, 2026, subject to the reporting person's continued service through each applicable vesting date.
2. F2. Each RSU represents a contingent right to receive one Class A ordinary share.

Key Figures

RSUs vested: 56,000 shares Shares held after transaction: 491,000 shares Remaining RSUs: 168,000 units +2 more

5 metrics

RSUs vested 56,000 shares Class A ordinary shares acquired on July 1, 2026

Shares held after transaction 491,000 shares Class A ordinary shares directly held by CFO after vesting

Remaining RSUs 168,000 units Restricted share units still held after 56,000 vested

Original RSU award 224,000 units RSUs vesting in four equal annual installments from July 1, 2026

Exercise price $0.0000 per share Reported price for RSU conversion into Class A shares

Key Terms

Restricted Share Units, Class A Ordinary Shares, vest per annum, contingent right

4 terms

Restricted Share Units financial

"Represents Class A ordinary shares ... acquired by the reporting person upon vesting of the 56,000 out of 224,000 restricted share units"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

Class A Ordinary Shares financial

"Represents Class A ordinary shares, par value US$0.0001 per share"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

vest per annum financial

"The RSUs do not have an expiration date and vest per annum in four equal instalments over a four-year period"

contingent right financial

"Each RSU represents a contingent right to receive one Class A ordinary share"

FAQ

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

What insider transaction did Bitfufu (FUFU) disclose for CFO Calla Zhao?

Bitfufu reported that CFO Calla Zhao acquired 56,000 Class A ordinary shares via vesting and conversion of previously awarded RSUs. This is a compensation-related derivative exercise rather than an open-market purchase or sale of shares.

How many Bitfufu (FUFU) shares does the CFO hold after this Form 4?

Following the RSU vesting, CFO Calla Zhao directly holds 491,000 Class A ordinary shares. This figure reflects her updated equity position after receiving 56,000 shares on July 1, 2026 from the vesting of restricted share units.

What are the terms of the Bitfufu (FUFU) RSU award mentioned in the filing?

The filing states the RSU award totaled 224,000 units. These RSUs vest in four equal annual installments over four years, starting on July 1, 2026, subject to Calla Zhao’s continued service through each applicable vesting date.

How many restricted share units does Bitfufu’s CFO still hold after this transaction?

After 56,000 RSUs vested into Class A ordinary shares, CFO Calla Zhao holds 168,000 RSUs. Each RSU represents a contingent right to receive one Class A ordinary share, subject to the remaining annual vesting conditions.

Did the Bitfufu CFO buy or sell shares on the open market in this Form 4?

No open-market buying or selling is reported. The Form 4 shows an exercise or conversion of RSUs into 56,000 Class A ordinary shares at a reported price of $0.0000 per share, consistent with equity compensation vesting.

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

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Accepted by SEC EDGAR 07/01/2026 - 04:00 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^*

Zhao Calla

(Last) (First) (Middle)

7 TEMASEK BOULEVARD

SUNTEC TOWER 1, #11-01

(Street)

SINGAPORE 038987

(City) (State) (Zip)

SINGAPORE

(Country)

2. Issuer Name and Ticker or Trading Symbol
Bitfufu Inc. [ FUFU ]

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

	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)
07/01/2026

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
Class A Ordinary Shares(1)	07/01/2026		M		56,000	A	$0	491,000	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 Share Units	(2)	07/01/2026		M			56,000	(1)	(1)	Class A Ordinary Shares	56,000	$0	168,000	D

Explanation of Responses:

1. Represents Class A ordinary shares, par value US$0.0001 per share (each, a "Class A ordinary share"), of BitFuFu Inc. (the "Company"), acquired by the reporting person upon vesting of the 56,000 out of 224,000 restricted share units (each, a "RSU" and collectively, the "RSUs") previously awarded to the reporting person. The RSUs do not have an expiration date and vest per annum in four equal instalments over a four-year period, starting from July 1, 2026, subject to the reporting person's continued service through each applicable vesting date.

2. Each RSU represents a contingent right to receive one Class A ordinary share.

	/s/ Zhao Calla	07/01/2026
	** 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)