Bit Digital CEO Samir Tabar Converts 535,000 RSUs into Shares

What Happened
Samir Tabar, CEO of Bit Digital, converted/exercised 535,000 derivatives (reported as performance-based RSUs) into ordinary shares on August 31, 2026. The shares are reported at a closing price of $1.43 each, giving a reported value of $765,050. The filing shows the derivative extinguished (disposed at $0.00) and 535,000 ordinary shares acquired — this was a conversion/vesting event rather than an open-market sale or purchase.

Key Details

• Transaction date: 2026-08-31. Transaction code: M (exercise or conversion of derivative).
• Acquired: 535,000 ordinary shares valued at $1.43/share; total reported value $765,050 (Footnote F1).
• Disposed (derivative): 535,000 at $0.00, reflecting conversion/settlement of the derivative instrument.
• Footnote F2: These were performance-based RSUs issued July 24, 2026, when performance milestones were met on June 30, 2026 (exempt under Rule 16b-3).
• Footnote F3: Separately notes representation of 200,000 Preference Shares of the issuer (appears in filing footnotes).
• Shares owned after the transaction: not provided in the excerpt supplied.
• Filing timeliness: no late filing indicator included in the provided details.

Context
This was a derivative conversion/vesting event (performance RSUs converting to ordinary shares), not a public market purchase or sale. No shares were sold for cash as part of this transaction; the filing reflects conversion and valuation at the market close price. For retail investors, conversions/vestings are routine compensation events and do not by themselves indicate trading sentiment.