Zhao Calla 4

What Happened Zhao Calla, Chief Financial Officer of BitFuFu Inc., had 56,000 restricted share units (RSUs) vest on July 1, 2026 and those RSUs converted into 56,000 Class A ordinary shares. The Form 4 shows an acquisition of 56,000 shares at $0.00 and a corresponding conversion/disposition entry (transaction code M). This was a compensation vesting event, not an open‑market purchase or sale, and there were no proceeds.

Key Details

• Transaction date and price: 2026-07-01; 56,000 shares acquired at $0.00 per share (conversion of RSUs; transaction code M).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1–F2 state these are Class A ordinary shares issued upon vesting of 56,000 out of 224,000 RSUs. Each RSU equals one share. RSUs vest annually in four equal installments starting July 1, 2026, subject to continued service; RSUs have no expiration date.
• Filing timeliness: Report filed on 2026-07-01 (same date as the reported vesting); no late filing indicated in the record.

Context This was a routine equity compensation vesting (conversion of RSUs into shares). Derivative transaction code M here reflects conversion/exercise of the RSU right into shares. There is no sale or cashless exercise reported in this filing, so it does not represent a purchase or sale that signals trading sentiment.