Cui Joshua Kewei 4
4 · Bitfufu Inc. · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
BitFuFu (FUFU) Director Cui Receives 17,500 Shares via RSU Vesting
What Happened Cui Joshua Kewei, a director of BitFuFu Inc. (FUFU), had 17,500 restricted share units (RSUs) vest on July 1, 2026 and converted those RSUs into 17,500 Class A ordinary shares. The Form 4 reports an exercise/conversion (transaction code M) showing 17,500 shares acquired at $0.00 and a corresponding conversion/disposition of 17,500 RSUs (derivative). No cash was paid or received in this conversion.
Key Details
- Transaction date: 2026-07-01; transaction code M (exercise/conversion of derivative).
- Reported amounts: 17,500 shares acquired at $0.00; 17,500 RSUs converted/disposed (derivative).
- Shares owned after transaction: not specified in this filing.
- Footnotes: F1 = these are Class A ordinary shares acquired upon vesting of 17,500 of 35,000 RSUs; RSUs vest in two equal annual instalments starting July 1, 2026, subject to continued service. F2 = each RSU equals a contingent right to one Class A share.
- Timeliness: Filing date and period of report are both 2026-07-01, indicating a timely report.
- No sale or open-market purchase reported — this was a vesting/conversion event tied to compensation.
Context This was a routine RSU vesting and conversion to shares, not a market purchase or sale. The reporting shows the award converted into shares with no cash exchanged and no immediate disposition of the newly issued shares. RSU vesting increases the insider's shareholdings but is a standard compensation event subject to the vesting schedule and continued service.
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.