Tsang Chi Keung 4

What Happened

• Tsang Chi Keung, Chief Executive Officer of Bitmine Immersion Technologies, Inc. (BMNR), received an award of 567 restricted stock units (RSUs) on January 23, 2026. The Form 4 records the acquisition as a derivative award (code A) at $0.00 per unit (total $0 on the filing), meaning these are non‑cash equity awards that convert to common shares if and when they vest.

Key Details

• Transaction date: 2026-01-23; Form 4 filed 2026-01-27 (timely filing).
• Award: 567 RSUs reported as acquired at $0.00 (derivative award).
• Vesting: RSUs vest in four equal quarterly installments following the grant date, contingent on continued employment. (Footnotes F1–F2)
• Shares owned after transaction: Not disclosed on the reported Form 4.
• Transaction code: A = Award/Grant of derivative securities (RSUs).

Context

• RSUs are a promise to deliver common stock in the future if vesting conditions are met; they are not an immediate cash purchase or sale. Because these RSUs vest over time with continued employment, they increase potential future insider ownership but do not represent an immediate market purchase by the CEO. This filing appears routine and was submitted within the Form 4 reporting window.