Deng Conglin 4

What Happened
Deng Conglin, CEO of Abits Group Inc. (ABTS), converted restricted stock units into common shares on April 15, 2026. The Form 4 shows a conversion (derivative exercise/conversion, code M) resulting in 40,000 shares acquired and a simultaneous disposal of 40,000 shares reported at $0.00 (no cash proceeds). The RSUs had vested on December 31, 2025.

Key Details

• Transaction date: 2026-04-15; Form 4 filed 2026-04-17 (appears timely).
• Reported movements: 40,000 shares acquired via derivative conversion (RSU settlement); 40,000 shares disposed at $0.00.
• Price: Conversion recorded with no exercise price (RSUs convert 1-for-1); disposal $0.00 (no cash).
• Shares owned after transaction: Not specified in the report.
• Relevant footnotes: F1/F4/F5 — these were restricted stock units that convert one-for-one and vested 12/31/2025. F2/F3 — some securities are held by an entity (Bridgeforrest (BVI) Inc.) or a family trust; the reporting person disclaims beneficial ownership except to extent of pecuniary interest.

Context

• Code M on a Form 4 denotes an exercise or conversion of a derivative (here, RSUs converting into common stock).
• The $0.00 disposal typically reflects shares surrendered to satisfy tax withholding or other settlement mechanics rather than an open‑market sale (no cash proceeds reported).
• These filings are routine when equity awards vest and are settled; they do not, by themselves, indicate a buy/sell decision about the company’s stock.