BITMINE (BMNR) Director Lori Love Receives 4,374 Shares via RSU Vesting

What Happened
Lori Love, a director of Bitmine Immersion Technologies, Inc. (BMNR), had restricted stock units (RSUs) settle on 2026-07-23, resulting in the acquisition of 4,374 shares of common stock. The Form 4 shows the shares were recorded at $0.00 (no cash paid). The filing also reports the corresponding derivative instrument (the RSUs) being converted/terminated for the same 4,374 units at $0.00 — i.e., the RSUs vested and were settled into shares rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-23; Form 4 filed 2026-07-24 (no late filing indicated in the provided data).
• Acquired: 4,374 shares at $0.00 (derivative conversion/vesting, transaction code M).
• Disposed (derivative): 4,374 units at $0.00 — represents conversion/settlement of the RSUs.
• Shares owned after transaction: Not specified in the provided filing.
• Relevant footnotes:
  • F1/F2: These shares represent common stock settled upon RSU vesting; each RSU equals one share.
  • F3: The RSUs were part of a 2026 award granted 2026-01-23 that vests quarterly in four equal installments over 12 months, subject to continued service.

Context
This was a compensation-related vesting event (RSU settlement), not a purchase or open-market sale. Such vesting is routine executive/director compensation tied to service and does not, by itself, indicate a buy/sell signal. The filing shows no cash proceeds or a cashless sale tied to the conversion.