Lee Thomas Jong 4

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.