WhiteFiber (WYFI) CFO Justin Zhu Receives 4,219-Share Award

What Happened

• Justin Zhu, WhiteFiber’s Chief Financial Officer (also Principal Financial Officer and Principal Accounting Officer), was issued 4,219 ordinary shares on August 1, 2026 upon the immediate vesting of Restricted Stock Units (RSUs). The RSUs were granted as a signing bonus tied to his employment agreement. The RSUs were valued at $23.70 per share (measurement date July 31, 2026), giving an aggregate value of approximately $99,990. This was an award/compensation event (not an open-market purchase or sale).

Key Details

• Transaction date: August 1, 2026 (shares issued upon RSU vesting).
• Price/value used: $23.70 per share (measurement date July 31, 2026); total ≈ $99,990.
• Shares issued: 4,219 ordinary shares, par value $0.01.
• Transaction type/code: A (award/grant/acquisition); issued in a transaction exempt under Rule 16b-3.
• Origin: RSUs granted as a signing bonus under Zhu’s employment agreement (see related Form 8‑K filed August 3, 2026).
• Shares owned after transaction: Not specified in the provided filing.
• Filing date: Form 4 filed August 4, 2026 (reporting the August 1 transaction).

Context

• This was a compensation issuance (RSU vesting/signing bonus) tied to Zhu’s appointment, so it reflects pay, not an open-market buy or sell signal. Such awards are common when executives join a company and are exempt under Rule 16b‑3; they do not necessarily indicate the insider’s view of the stock.