Bit Digital, Inc: CFO Huang Erke received 650,000 shares

What happened

• The filing reports that Huang Erke, the company's chief financial officer, acquired a total of 650,000 shares through awards and a conversion: 75,000 shares via exercise or conversion of a derivative on Oct 15, 2026; 75,000 shares awarded on Oct 15, 2026 at $0.00 (recorded as $0, derivative); and 500,000 shares awarded on Aug 18, 2026 at $0.00 (recorded as $0, derivative). The filing notes some shares were valued at $1.63 per share.

Key details

• Transaction dates and prices:
  • Oct 15, 2026: exercise/conversion of derivative for 75,000 shares (price N/A in filing).
  • Oct 15, 2026: grant/award of 75,000 RSUs at $0.00 (total $0, derivative).
  • Aug 18, 2026: grant/award of 500,000 RSUs at $0.00 (total $0, derivative).
• Shares owned after the transaction: the filing does not state a total number of ordinary shares beneficially owned following these transactions. It clarifies that Even Green Holdings Limited (associated with Erke Huang) is the beneficial owner of 500,000 ordinary shares issuable upon conversion of 500,000 Preference Shares (see footnote).
• Relevant footnotes from the filing:
  • RSUs represent the right to receive one ordinary share upon vesting and were issued under the 2026 omnibus equity incentive plan.
  • Some RSUs were performance based and "immediately vested on the date of the grant."
  • The filing states certain shares were valued at $1.63 per share.
  • Even Green Holdings Limited is noted as beneficial owner of 500,000 ordinary shares issuable upon conversion of 500,000 Preference Shares, and each Preference Share carries the vote of 50 ordinary shares (an aggregate of 25,000,000 votes on all matters); these Preference Shares have no expiration date and were previously reported for clarification.
• Filing date: Oct 19, 2026. The Form 4 reports transactions dated Oct 15, 2026 and Aug 18, 2026.

Why it may matter

• The filing shows conversion/exercise of a derivative (Oct 15, 2026) and issuance/vesting of RSUs (Oct 15, 2026 and Aug 18, 2026); the RSU grants are not market sales or purchases.
• The filing identifies performance-based RSUs and clarifies beneficial ownership through an affiliated holder (Even Green Holdings Limited).
• A filing does not show why the insider traded or why the company acted.