Liu Huaiyu 4
4 · Bitfufu Inc. · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
BitFuFu (FUFU) Director Liu Huaiyu Receives 17,500 Shares
What Happened
Liu Huaiyu, a director of BitFuFu Inc., had 17,500 restricted share units (RSUs) vest on July 1, 2026 and converted those RSUs into 17,500 Class A ordinary shares. The filing shows an "exercise or conversion of derivative" (code M) resulting in 17,500 shares acquired at $0.00; an equal 17,500- share derivative disposition is also reported, reflecting the cancellation/conversion of the RSU claim into shares. No cash was paid in connection with the conversion.
Key Details
- Transaction date: 2026-07-01; Form filed same day (timely).
- Transactions reported as code M (exercise/conversion of derivative): 17,500 shares acquired @ $0.00 and 17,500 shares disposed @ $0.00 (the disposed derivative reflects conversion).
- Footnote F1: These are Class A ordinary shares received upon vesting of 17,500 of 35,000 RSUs previously awarded; RSUs vest in two equal annual installments starting 7/1/2026.
- Footnote F2: Each RSU is a contingent right to one Class A ordinary share.
- Shares owned after the transaction: not specified in the provided filing details.
- No 10b5-1 plan, tax-withholding sale, or cashless sale is indicated.
Context
This was an RSU vesting/conversion (award realization), not a market purchase or sale. Because the shares were issued upon vesting and no immediate sale is reported, this transaction represents issuance of shares to the insider rather than a bullish purchase or a liquidity event. For investors, vesting disclosures show compensation being realized but do not by themselves indicate the insider’s market view.
Insider Transaction Report
- Exercise/Conversion
Class A Ordinary Shares
[F1]2026-07-01+17,500→ 17,500 total - Exercise/Conversion
Restricted Share Units
[F2][F1]2026-07-01−17,500→ 17,500 total→ Class A Ordinary Shares (17,500 underlying)
Footnotes (2)
- [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.
- [F2]Each RSU represents a contingent right to receive one Class A ordinary share.