Bitfufu director receives 17,500 shares via RSUs

Bitfufu Inc. director Cui Joshua Kewei reported the vesting of restricted share units into ordinary shares.

Rhea-AI Filing Summary

Bitfufu Inc. director Cui Joshua Kewei reported the vesting of restricted share units into ordinary shares. On July 1, 2026, 17,500 RSUs vested, delivering 17,500 Class A ordinary shares directly to the reporting person at an exercise price of $0.0000 per share.

These shares come from a prior award of 35,000 RSUs. The remaining 17,500 RSUs are scheduled to vest in two equal annual instalments over a two-year period starting from July 1, 2026, contingent on continued service. Each RSU represents the right to receive one Class A share.

Insider Trade Summary

17,500 shares exercised/converted

Exercise 2 txns

Insider Cui Joshua Kewei

Role Director

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

Holdings After Transaction: Restricted Share Units — 17,500 contracts (Direct); Class A Ordinary Shares — 17,500 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 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. F2. Each RSU represents a contingent right to receive one Class A ordinary share.

Key Figures

Shares acquired: 17,500 Class A ordinary shares RSU award size: 35,000 RSUs Exercise price: $0.0000 per share +1 more

4 metrics

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

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

Exercise price $0.0000 per share Conversion of RSUs into Class A shares

Post-transaction holdings 17,500 Class A ordinary shares Direct ownership following RSU vesting

Key Terms

Restricted Share Units, Class A ordinary shares, RSU, vest per annum in two equal instalments

4 terms

Restricted Share Units financial

"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"

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 (each, a "Class A ordinary share"), of BitFuFu Inc."

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.

RSU financial

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

Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.

vest per annum in two equal instalments financial

"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"

FAQ

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

What insider transaction did Bitfufu (FUFU) report for Cui Joshua Kewei?

Bitfufu reported that director Cui Joshua Kewei acquired 17,500 Class A ordinary shares through the vesting of restricted share units. This reflects the conversion of previously granted RSUs into common equity as part of his compensation.

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

After the transaction, the Form 4 shows 17,500 Class A ordinary shares held directly by the reporting person. These shares were received upon RSU vesting, converting part of a prior 35,000-unit equity award into stock ownership.

What is the size of the Bitfufu (FUFU) RSU award reported in this filing?

The filing describes a 35,000-unit RSU award previously granted to the director. On July 1, 2026, 17,500 RSUs vested into Class A shares, leaving the remaining 17,500 RSUs subject to future vesting conditions tied to continued service.

What are the vesting terms of the Bitfufu (FUFU) RSUs in this Form 4?

The RSUs vest per annum in two equal instalments over a two-year period, starting from July 1, 2026. Vesting is conditioned on the reporting person’s continued service through each vesting date, aligning equity delivery with ongoing employment.

Does each Bitfufu (FUFU) RSU convert into one share?

Yes. The footnotes state that each RSU represents a contingent right to receive one Class A ordinary share. When vesting conditions are met, the RSUs convert into the same number of Bitfufu Class A shares for the reporting person.

Was there any cash paid for the Bitfufu (FUFU) RSU exercise?

The reported transaction price per share is $0.0000, indicating no cash consideration was paid for the RSU vesting. The director received 17,500 Class A shares as part of equity compensation rather than through an open-market purchase.

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^*

Cui Joshua Kewei

(Last) (First) (Middle)

29 TAI SENG AVENUE #02-01

(Street)

SINGAPORE 534119

(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)

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/ Cui Joshua Kewei	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)