BitMine (BMNR) Director Michael Maloney Receives 3,999 Shares via RSU Vesting

What Happened
Michael Stephen Maloney, a director of BitMine Immersion Technologies, had 3,999 restricted stock units (RSUs convert to common shares) settle on 2026-07-23, resulting in the acquisition of 3,999 shares at a $0.00 price (total $0). The same filing also reports a corresponding derivative conversion/disposition of 3,999 units at $0.00; footnotes indicate these entries relate to RSU settlement rather than an open-market sale.

Key Details

• Transaction date: 2026-07-23; Form 4 filed 2026-07-24 (timely, one day later).
• Reported transactions: Code M (exercise/conversion of derivative) — 3,999 shares acquired @ $0.00; 3,999 shares disposed @ $0.00 (reported as derivative).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1–F3 state these were RSUs settled upon vesting; each RSU equals one share; the 2026 award was granted Jan 23, 2026 and vests quarterly in four equal installments over 12 months, subject to continued service.
• No 10b5-1 plan or tax-withholding details are specified in the provided excerpt.

Context
This was a routine compensation vesting event (RSU conversion) — shares issued upon vesting at no cash purchase price — rather than an open-market purchase or discretionary sale. Vesting events are common for insiders and do not by themselves indicate a change in the insider’s view of the company. The paired acquisition and derivative-disposition entries reflect how RSU settlements are reported on the Form 4.