Bitfufu (FUFU) SVP Celine Lu receives 120,000 shares as RSUs vest

Rhea-AI Filing Summary

Bitfufu Inc. Senior Vice President Celine Lu reported the vesting of 120,000 Restricted Share Units, which converted into 120,000 Class A ordinary shares at a price of $0.00 per share. After this transaction, she directly holds 1,141,500 Class A ordinary shares.

The RSUs are part of a 480,000-unit award that vests in four equal annual installments starting from July 1, 2026, subject to her continued service. Each RSU represents a contingent right to receive one Class A ordinary share, and 360,000 RSUs remain credited to her account following this vesting event.

Insider Trade Summary

120,000 shares exercised/converted

Mixed 2 txns

Insider Lu Celine

Role Senior Vice President

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units	120,000	$0.00	--
Exercise	Class A Ordinary Shares	120,000	$0.00	--

Holdings After Transaction: Restricted Share Units — 360,000 shares (Direct, null); Class A Ordinary Shares — 1,141,500 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 120,000 out of 480,000 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. Each RSU represents a contingent right to receive one Class A ordinary share.

Key Figures

Shares acquired from RSU vesting: 120,000 shares Shares held after transaction: 1,141,500 shares Original RSU award size: 480,000 RSUs +2 more

5 metrics

Shares acquired from RSU vesting 120,000 shares Class A ordinary shares acquired on July 1, 2026 at $0.00

Shares held after transaction 1,141,500 shares Direct Class A ordinary share holdings after July 1, 2026 vesting

Original RSU award size 480,000 RSUs Restricted Share Units previously awarded to Celine Lu

RSUs vested in this tranche 120,000 RSUs First of four equal annual installments starting July 1, 2026

Remaining RSU balance 360,000 RSUs RSUs credited to Celine Lu following this vesting event

Key Terms

Restricted Share Units, RSU, vest, contingent right

4 terms

Restricted Share Units financial

"Represents Class A ordinary shares ... acquired by the reporting person upon vesting of the 120,000 out of 480,000 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.

RSU financial

"each, a "RSU" and collectively, the "RSUs""

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 financial

"The RSUs do not have an expiration date and vest per annum in four equal instalments"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those 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

FAQ

What insider transaction did Bitfufu (FUFU) report for Celine Lu?

Bitfufu reported that Senior Vice President Celine Lu had 120,000 Restricted Share Units vest, converting into 120,000 Class A ordinary shares at $0.00 per share. This is a compensation-related equity vesting, not an open-market purchase or sale.

How many Bitfufu (FUFU) shares does Celine Lu hold after this Form 4?

After the reported transaction, Celine Lu directly holds 1,141,500 Class A ordinary shares of Bitfufu. This figure reflects her position following the vesting and conversion of 120,000 RSUs into Class A ordinary shares on July 1, 2026.

What is the size of Celine Lu’s Bitfufu RSU award and vesting schedule?

Celine Lu received 480,000 Restricted Share Units that vest in four equal annual installments. Vesting starts on July 1, 2026, with 120,000 RSUs vesting per year, subject to her continued service with Bitfufu through each vesting date.

How many Bitfufu (FUFU) RSUs remain for Celine Lu after the vesting?

Following the July 1, 2026 vesting, 360,000 Restricted Share Units remain credited to Celine Lu. Each RSU represents a contingent right to receive one Bitfufu Class A ordinary share, subject to future vesting conditions being met.

Did Celine Lu buy or sell Bitfufu shares on the market in this Form 4?

The Form 4 shows a derivative exercise where 120,000 RSUs vested into shares at $0.00, rather than an open-market buy or sell. It reflects equity compensation vesting, not a discretionary market transaction by Celine Lu.

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^*

Lu Celine

(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)

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

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		120,000	A	$0	1,141,500	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			120,000	(1)	(1)	Class A Ordinary Shares	120,000	$0	360,000	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 120,000 out of 480,000 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/ Lu Celine	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)