Huang Erke 4

What Happened

Huang Erke, Chief Financial Officer of Bit Digital (BTBT), was granted 750,000 restricted stock units (RSUs) that immediately vested on March 25, 2026 and were converted into 750,000 ordinary shares. The RSUs were granted at $0.00 (award) and the shares were valued at $1.59 each based on the March 25, 2026 closing price, for an aggregate market value of approximately $1,192,500. The filing shows both the award (Form 4 code A) and the conversion/exercise of the derivative (code M) reflecting issuance upon vesting.

Key Details

• Transaction date: March 25, 2026; Form 4 filed March 27, 2026 (filed within the usual 2-business-day window).
• Shares involved: 750,000 RSUs granted and 750,000 ordinary shares acquired upon conversion/vesting.
• Per-share valuation: $1.59 (closing market price on March 25, 2026); total value ≈ $1,192,500.
• Transaction codes: A = Award/Grant (RSUs); M = Exercise/Conversion of derivative (conversion of RSUs into shares).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: RSUs were performance-based, issued under the Company’s 2025 Omnibus Equity Incentive Plan, immediately vested, and issued in an exempt transaction pursuant to Rule 16b-3.

Context

This was an equity award that vested (not an open-market purchase or sale). RSU vesting and conversion typically reflect compensation or performance-based awards rather than an insider buying or selling stock, so it should not be read as a direct buy/sell signal. The filing appears timely and includes the valuation based on the closing market price on the vesting date.