Bit Digital (BTBT) CEO Samir Tabar Receives 200,000 Preference Shares

What Happened
Samir Tabar, CEO of Bit Digital (BTBT), was granted 200,000 Preference Shares on August 18, 2026 at $2.00 per share (total consideration $400,000). At the same time he forfeited 200,000 issued and outstanding ordinary shares for no additional consideration as part of the transaction.

Key Details

• Transaction date: 2026-08-18; Form 4 filed: 2026-08-20.
• Grant: 200,000 Preference Shares acquired at $2.00 each (aggregate $400,000) — reported as a derivative acquisition (code A).
• Forfeiture/disposition: 200,000 ordinary shares forfeited for zero consideration (reported as code J).
• Conversion/voting: The 200,000 Preference Shares include 200,000 ordinary shares issuable upon conversion; each Preference Share carries the vote of 50 ordinary shares, for an aggregate of 10,000,000 votes (per filing).
• No expiration date on the Preference Shares (footnote).
• Filing appears to have been submitted two days after the transaction date (no late-filing flag reported in the filing text).

Context
This is a derivative-equity restructuring: Tabar exchanged 200,000 ordinary shares (forfeited) and received 200,000 Preference Shares that are convertible into ordinary shares and carry significant voting power (50 votes per Preference Share). Preference shares can alter voting control dynamics even if economic ownership differs; this filing documents the grant and the related forfeiture but does not by itself indicate market sentiment.