MIGI Form 4: 197,570 RSUs awarded to director under 2024 plan

Rhea-AI Filing Summary

Mawson Infrastructure Group (MIGI) reported an insider equity award. A director received 197,570 restricted stock units on November 7, 2025 under the company’s 2024 Omnibus Equity Incentive Plan. Each RSU represents the right to receive one share of common stock, an equivalent cash amount at fair market value, or a combination, at the Administrator’s discretion.

The RSUs vest on June 9, 2026, contingent on continued service through that date. The filing lists a price of $0 for the grant and shows 197,570 derivative securities beneficially owned following the transaction, held directly.

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

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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).

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^*

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)
11/07/2025

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

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)	11/07/2025		A		197,570		(2)	(2)	Common Stock	197,570	$0	197,570	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 November 7,2025, the reporting person was granted 197,570 restricted stock units, which vest on June 9, 2026, subject to the reporting person remaining employed by or otherwise providing services to Mawson Infrastructure Group Inc. (or one of its subsidiaries) through such date.

	/s/ Ryan Costello	11/12/2025
	** 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 Mawson Infrastructure Group (MIGI) disclose in this Form 4?

A director was granted 197,570 restricted stock units on November 7, 2025.

When do the RSUs granted to the MIGI director vest?

They vest on June 9, 2026, subject to continued service through that date.

Under what plan were the MIGI RSUs granted?

The award was issued under the 2024 Omnibus Equity Incentive Plan.

What does each MIGI RSU represent?

Each RSU represents the right to receive one share of common stock, cash at fair market value, or a combination, at the Administrator’s discretion.

What price is listed for the MIGI RSU grant?

The filing lists a grant price of $0.

How many derivative securities are beneficially owned after the transaction?

The filing shows 197,570 derivative securities beneficially owned following the transaction, held directly.