Zheng Yeeli Hua 4

What Happened
Director Zheng Yeeli Hua reported the vesting and conversion of 17,500 restricted share units (RSUs) into 17,500 Class A ordinary shares of BitFuFu Inc. on July 1, 2026. The conversion was reported as an exercise/conversion of a derivative (code M) with an acquisition price of $0.00 (i.e., no cash paid). The filing also shows a simultaneous disposition of the derivative interest (17,500), which reflects the conversion/termination of the RSU-based derivative — no cash sale of the resulting shares is reported in this filing.

Key Details

• Transaction date: 2026-07-01 (filed same day). Filing appears timely.
• Reported transactions: 17,500 shares acquired via conversion of RSUs at $0.00; 17,500 derivative units disposed (reflecting conversion).
• Shares owned after transaction: Not specified in the provided filing details.
• Transaction code: M (exercise or conversion of a derivative).
• Footnotes: The 17,500 shares represent half of a 35,000 RSU award. RSUs vest in two equal annual installments beginning July 1, 2026; each RSU equals one Class A ordinary share.

Context
This was a routine equity-compensation vesting event (award conversion), not a cash purchase or a market sale. RSU vesting converts a contingent right into actual shares; the $0.00 price reflects that these were awarded shares, not bought. Such vesting is common executive compensation and does not by itself indicate a buy/sell signal.