MIGI insider converts 113,473 RSUs to shares; settlement date corrected

Rhea-AI Filing Summary

Mawson Infrastructure Group, Inc. (MIGI) amended a Form 4 to report settlement of 113,473 restricted stock units (RSUs) that converted into common shares. The RSUs were granted on 07/01/2024, vested on 06/12/2025, and were eligible for settlement on 09/30/2025, but an administrative transfer delay caused actual settlement in shares on 10/03/2025. The amendment corrects an earlier Form 4 that misstated the settlement date.

The reporting person, Ryan Costello, identified as a director, now directly owns 113,473 shares resulting from the RSU settlement at a reported price of $0 (reflecting conversion of RSUs into shares). The filing notes the RSUs are issued under the 2024 Omnibus Equity Incentive Plan and may be settled in stock, cash, or combination at the plan administrator's discretion.

Positive

• 113,473 RSUs converted to common stock, increasing director's direct ownership
• RSUs were vested on 06/12/2025, indicating prior earned compensation
• Amendment transparently corrects the settlement date, improving disclosure accuracy

Negative

• Administrative delay caused settlement on 10/03/2025 instead of eligible date 09/30/2025
• Initial Form 4 filing on 10/02/2025 contained an incorrect settlement date requiring amendment

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
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Costello Ryan

(Last) (First) (Middle)

C/O MAWSON INFRASTRUCTTURE GROUP INC.

950 RAILROAD AVE

(Street)

MIDLAND PA 15059

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Mawson Infrastructure Group Inc. [ MIGI ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
10/02/2025

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

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

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

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	(1)	09/30/2025		M			113,473	(2)	(2)	Common Stock	113,473	$0	0	D

Explanation of Responses:

1. Each restricted stock unit is issued under and subject to the terms of the Mawson Infrastructure Group Inc 2024 Omnibus Equity Incentive Plan ("Plan"), and represents the right to receive, at settlement, one share of common stock, an equivalent cash amount at fair market value, or a combination, at the discretion of the Administrator of the Plan.

2. On July 1, 2024, the reporting person was granted 113,473 restricted stock units, which vested on June 12, 2025 and were eligible to be settled in shares of common stock on September 30, 2025; however, the settlement date was delayed to October 3, 2025 due to an administrative delay in the transfer of shares to the reporting person's brokerage account.

Remarks:

On October 2, 2025, the reporting person filed a Form 4 which indicated that the restricted stock units were settled on September 30, 2025. As reported in this amendment, the restricted stock units were settled in shares of common stock on October 3, 2025 due to an administrative delay in the transfer of shares to the reporting person's brokerage account.

	/s/ Ryan Costello	10/07/2025
	** 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.

FAQ

What did the amended Form 4 for Mawson Infrastructure (MIGI) disclose?

The amendment reports settlement of 113,473 restricted stock units into common stock, with actual settlement on 10/03/2025 due to an administrative delay.

Who filed the Form 4/A for MIGI and what is their relationship to the company?

The reporting person is Ryan Costello, identified as a director of Mawson Infrastructure Group, Inc.

When were the RSUs granted, vested, and settled?

RSUs were granted on 07/01/2024, vested on 06/12/2025, and settled in shares on 10/03/2025.

Under what plan were the RSUs issued and what are settlement options?

RSUs were issued under the 2024 Omnibus Equity Incentive Plan and may be settled in one share of common stock, cash equal to fair market value, or a combination, at the administrator's discretion.

Did the amendment change the number of shares reported?

No. The amendment corrects the settlement date; the reported amount of 113,473 shares remains the same.