Zhu Justin 4

What Happened
Justin Zhu, Bit Digital’s Vice President of Finance & Chief Accounting Officer, reported the disposition of 40,165 shares on April 2, 2026. The shares were sold at an average price of $1.35 per share to satisfy tax withholding obligations upon the vesting of restricted stock units (RSUs), producing gross proceeds of approximately $54,222.75. Per the filing footnote, this sale was a tax-withholding action related to RSU vesting and was not a discretionary open-market sale.

Key Details

• Transaction date: April 2, 2026; Form 4 filed April 3, 2026 (timely).
• Shares sold: 40,165 at an average price of $1.35/share.
• Gross proceeds: ~$54,223.
• Reason: Shares sold to pay tax liability on RSU vesting under the company’s 2025 Omnibus Equity Incentive Plan (footnote F1).
• Not a discretionary trade: filing notes the sale “does not represent a discretionary transaction by a reporting person.”
• Shares owned after the transaction: not specified in the provided filing.

Context
This transaction is a routine tax-withholding sale tied to RSU vesting (transaction code F). Such sales are common and do not necessarily signal insider sentiment about the company. For retail investors, purchases or discretionary sales by insiders tend to be more informative than automatic tax-withholding dispositions.