Bit Digital (BTBT) CFO Erke Huang Receives 200,000 Preference Shares

What Happened
Erke Huang, Chief Financial Officer of Bit Digital (BTBT), was granted 200,000 Preference Shares as a performance award on August 18, 2026, valued at $2.00 per preference share (total $400,000). In connection with that issuance, Mr. Huang forfeited 200,000 issued and outstanding ordinary shares for no additional consideration. The granted Preference Shares are reported as derivative securities.

Key Details

• Transaction date: August 18, 2026; Form 4 filed August 20, 2026 (filed within the typical two‑business‑day window).
• Grant: 200,000 Preference Shares @ $2.00 each; aggregate value shown $400,000 (derivative).
• Disposition: Forfeiture of 200,000 ordinary shares (reported as "other acquisition or disposition" in the filing) — forfeited for zero additional consideration (see footnote F1).
• Shares owned after transaction: Mr. Huang, through Even Green Holdings Limited, is the beneficial owner of 500,000 ordinary shares issuable upon conversion of 500,000 Preference Shares (includes the 200,000 issued Aug 18).
• Voting and conversion notes: Each Preference Share carries the vote of 50 ordinary shares; 500,000 Preference Shares correspond to an aggregate of 25,000,000 votes (footnote F3). Footnote F2 notes there is no expiration date for the Preference Shares.
• Codes on the Form 4: A = award/grant (acquisition of derivative); J = other acquisition/disposition (forfeiture).

Context
This was a performance-based award of preference (derivative) shares, not an open‑market purchase or sale. Preference shares here are convertible/issuable into ordinary shares and carry significant voting weight (50 votes per Preference Share), which can affect control if converted. For retail investors, note this is a compensation/performance grant — informative about insider remuneration and potential future voting/ownership structure but not a straightforward buy/sell signal about the executive’s personal market view.