RSU vesting gives Bitfufu (FUFU) director 17,500 Class A ordinary shares

Rhea-AI Filing Summary

Bitfufu Inc. director Zheng Yeeli Hua acquired 17,500 Class A ordinary shares through vesting of restricted share units. The shares, with a stated price of $0.00 per share, were delivered upon vesting of 17,500 out of a 35,000-RSU equity award.

The RSUs vest in two equal annual installments over a two-year period starting from July 1, 2026, subject to the director’s continued service. After this transaction, the reporting person holds 17,500 Class A ordinary shares directly, with the remaining RSUs scheduled to vest later if service conditions are met.

Insights

Equity compensation analyst

Routine RSU vesting grants 17,500 Bitfufu shares to a director.

The filing shows Zheng Yeeli Hua, a director of Bitfufu Inc., receiving 17,500 Class A ordinary shares via vesting of restricted share units. The transaction uses code M, indicating an exercise or conversion of a derivative award, not an open-market purchase.

The original grant was 35,000 RSUs that vest in two equal tranches over two years starting July 1, 2026, contingent on continued service. This first vesting delivers half the award, leaving 17,500 RSUs unvested. There are no sales, tax withholdings, or 10b5-1 plan references disclosed here, making this a standard, compensation-driven equity delivery with limited signaling value for investors.

Insider Trade Summary

17,500 shares exercised/converted

Mixed 2 txns

Insider Zheng Yeeli Hua

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units	17,500	$0.00	--
Exercise	Class A Ordinary Shares	17,500	$0.00	--

Holdings After Transaction: Restricted Share Units — 17,500 shares (Direct, null); Class A Ordinary Shares — 17,500 shares (Direct, null)

Footnotes (1)

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 17,500 out of 35,000 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 two equal instalments over a two-year period, starting from July 1, 2026, subject to the reporting person's continued service through each applicable vesting date. Each RSU represents a contingent right to receive one Class A ordinary share.

Key Figures

Shares acquired via RSU vesting: 17,500 shares Original RSU award size: 35,000 RSUs Share price on conversion: $0.00 per share +2 more

5 metrics

Shares acquired via RSU vesting 17,500 shares Class A ordinary shares delivered on July 1, 2026

Original RSU award size 35,000 RSUs Previously granted to the reporting person

Share price on conversion $0.00 per share Stated transaction price for RSU vesting

Shares held after transaction 17,500 shares Total Class A ordinary shares directly owned post-vesting

Unvested RSUs remaining 17,500 RSUs Second half of 35,000-unit award scheduled to vest later

Key Terms

Restricted Share Units, Class A ordinary shares, vesting, contingent right

4 terms

Restricted Share Units financial

"acquired by the reporting person upon vesting of the 17,500 out of 35,000 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.

vesting financial

"acquired by the reporting person upon vesting of the 17,500 out of 35,000 restricted share units"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

contingent right financial

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

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Form 4 Insider Transactions: What Each Field Means →

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

Zheng Yeeli Hua

(Last) (First) (Middle)

192 PLAINFIELD PIKE

(Street)

FOSTER RHODE ISLAND 02825

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

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		17,500	A	$0	17,500	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			17,500	(1)	(1)	Class A Ordinary Shares	17,500	$0	17,500	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 17,500 out of 35,000 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 two equal instalments over a two-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/ Zheng Yeeli Hua	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)

FAQ

What did Bitfufu (FUFU) director Zheng Yeeli Hua report in this Form 4?

The director reported acquiring 17,500 Class A ordinary shares of Bitfufu Inc. These shares were delivered at a stated price of $0.00 per share upon vesting of restricted share units under a previously granted 35,000-RSU equity award.

How did Zheng Yeeli Hua acquire 17,500 Bitfufu (FUFU) shares?

The 17,500 shares were acquired through vesting of restricted share units, not via an open-market purchase. Code M in the filing indicates exercise or conversion of a derivative security, with each RSU converting into one Class A ordinary share upon vesting.

What are the vesting terms of Zheng Yeeli Hua’s 35,000 Bitfufu RSUs?

The 35,000 restricted share units vest per annum in two equal installments over a two-year period. Vesting starts on July 1, 2026, and is conditioned on the reporting person’s continued service through each vesting date at Bitfufu Inc.

Were any Bitfufu (FUFU) shares sold or disposed of in this Form 4?

No sales or dispositions are reported in this Form 4. All reported activity reflects acquisition of shares through RSU vesting, with transaction code M used for derivative exercise or conversion and no transaction marked as a sale or tax withholding.

How many Bitfufu shares does Zheng Yeeli Hua hold after this RSU vesting?

After this transaction, the reporting person holds 17,500 Class A ordinary shares directly. These shares correspond to the first half of a 35,000-RSU award that vests in two equal annual installments starting July 1, 2026, subject to continued service.

Does this Bitfufu Form 4 indicate remaining unvested RSUs for Zheng Yeeli Hua?

Yes. The footnote states 17,500 shares were acquired from a 35,000-RSU grant, implying 17,500 RSUs remain unvested. These remaining RSUs are scheduled to vest over the two-year period beginning July 1, 2026, subject to service conditions.