Bit Digital (BTBT) CFO Huang Erke Receives 535,000 RSUs

What Happened

CFO Huang Erke received two performance-based restricted stock unit (RSU) awards reported on 2026-07-24, totaling 535,000 RSUs (135,000 and 400,000). Both awards were recorded as derivative acquisitions at $0.00 per share (i.e., granted RSUs rather than an open-market purchase). These RSUs were issued under the company's 2025 Omnibus Incentive Plan as exempt transactions under Rule 16b-3.

Key Details

• Transaction date: July 24, 2026 (reported in Form 4 filed July 28, 2026).
• Grants: 135,000 RSUs (footnote F1) and 400,000 RSUs (footnote F2); both recorded at $0.00.
• Total new RSUs: 535,000.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnotes: F1 — 135,000 RSUs issued when performance milestones were met on June 30, 2026; F2 — 400,000 RSUs issued when performance milestones were met on December 31, 2025. Both issued under the 2025 Omnibus Incentive Plan and exempt under Rule 16b-3.
• Timeliness: Form 4 was filed within the required window (transaction 7/24/2026; filing 7/28/2026).

Context

These are performance-based RSU awards (derivative securities) that typically convert to common shares only after specified performance/vesting conditions are met; the $0 grant price is standard for RSUs and does not reflect immediate cash value. Awards like this are generally compensation/retention actions and are not the same signal as an insider buying or selling stock in the open market.