Lee Thomas Jong 4
4 · BITMINE IMMERSION TECHNOLOGIES, INC. · Filed Jan 27, 2026
Research Summary
AI-generated summary of this filing
BitMine (BMNR) Exec Chairman Lee Thomas Jong Receives RSU Award
What Happened
Lee Thomas Jong, Director and Executive Chairman of BitMine Immersion Technologies, received equity awards on January 23, 2026. He was issued 500,000 common shares that vested immediately (acquired at $0.00) and was granted 1,000,000 restricted stock units (RSUs) reported as derivative securities (also at $0.00). These were compensation awards, not open‑market purchases or sales.
Key Details
- Transaction date: January 23, 2026; Form 4 filed January 27, 2026 (accession 0001493152-26-003845).
- Price: $0.00 per share / RSU (compensation grant).
- Immediate shares acquired: 500,000 common shares (vested RSUs).
- RSUs granted (derivative): 1,000,000 unvested RSUs (contingent rights to receive shares).
- Shares owned after transaction: Not specified in the provided data.
- Footnotes:
- F1: One‑third of the RSUs granted were immediately vested and issued as common stock.
- F2: Each RSU represents a contingent right to one share of common stock.
- F3: The overall RSU grant totals 1,500,000 RSUs: 500,000 vested immediately; the remaining 1,000,000 RSUs vest in two equal tranches (500,000 on the first anniversary and 500,000 on the second anniversary) subject to continued service.
- Transaction code: A = Award/Grant.
Context
RSUs are a form of compensation that convert to shares only upon vesting; the 1,000,000 RSUs reported as derivative securities do not give immediate voting rights or marketable shares until they vest. Compensation grants are common for executives and do not, by themselves, indicate a buy/sell sentiment.
Insider Transaction Report
- Award
Common Stock
[F1]2026-01-23+500,000→ 726,722 total - Award
Restricted Stock Unit
[F2][F3]2026-01-23+1,000,000→ 1,000,000 total→ Common Stock (1,000,000 underlying)
- 222,222(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]Represents one-third of the restricted stock units ("RSUs") granted to the Reporting Person for service as Executive Chairman, which were immediately vested on the date of grant in the form of Common Stock.
- [F2]Each RSU represents a contingent right to receive one share of Common Stock.
- [F3]Represents unvested RSUs which were granted to the Reporting Person for services as Executive Chairman. 500,000 RSUs were immediately vested on the grant date in the form of Common Stock, 500,000 RSUs will vest on the first anniversary of the grant date and the remaining 500,000 RSUs will vest on the second anniversary of the grant date, subject to the Reporting Person's continued service on each applicable vesting date.