Sechan II Robert J 4

What Happened

• Robert J. Sechan II, a director of Bitmine Immersion Technologies, received a total of 57,635 shares on 2026-01-23 via stock awards: 2,639 shares (granted at $0), 36,000 shares (granted at $0), and 18,996 RSUs (derivative award granted at $0). The RSUs are a contingent right to receive shares and are listed as derivative awards. The grants were issued at no cash cost; the filing does not state a market value for the shares.

Key Details

• Transaction date: 2026-01-23 (Form 4 filed 2026-01-27 — timely).
• Prices: all awards reported at $0.00 per share (non‑cash awards).
• Shares received: 2,639; 36,000; and 18,996 RSUs — total 57,635.
• Shares owned after transaction: not specified in the provided filing excerpt (see the SEC filing for total holdings).
• Footnotes: F1 = fully‑vested shares for 2025 board service; F2 = one‑time grant to newly appointed independent directors; F3 = each RSU converts to one share; F4 = the 2026 RSU award vests quarterly in 25% installments over 12 months.
• Filing timeliness: filed within the required reporting window (filed Jan 27 for Jan 23 transactions).

Context

• The 18,996‑share entry is an RSU (derivative) that vests over time (25% each quarter per the footnote), meaning those shares are contingent until vested. Fully‑vested awards (per footnote) were issued for prior service and are immediately owned.
• Awards to directors are a common form of compensation to align interests with shareholders and do not by themselves indicate insider buying or selling sentiment.