Form 4: Bit Digital CEO Samir Tabar Acquires 255,000 Shares Through RSU Vesting

Bit Digital CEO Samir Tabar acquired 255,000 ordinary shares through the vesting of performance-based restricted stock units, increasing his direct beneficial ownership to over 2.3 million shares.

Summary

• Samir Tabar, Chief Executive Officer of Bit Digital, Inc. (BTBT), acquired 255,000 ordinary shares on July 16, 2025.
• The acquisition resulted from the vesting of performance-based restricted stock units (RSUs) issued under the company's 2025 Omnibus Equity Incentive Plan.
• Following this transaction, Mr. Tabar's direct beneficial ownership of Bit Digital's ordinary shares increased to 2,363,089.
• The shares acquired were valued at prices ranging from $2.02 to $2.19 per share when the performance goals for the RSUs were met.
• The transaction is exempt under Rule 16b-3 of the Securities Exchange Act of 1934.

Sentiment

Score: 7

Explanation: The vesting of performance-based restricted stock units indicates that the company's performance goals, tied to the CEO's compensation, were met, and it increases the CEO's direct beneficial ownership, aligning management interests with shareholders.

Positives

• The vesting of performance-based restricted stock units indicates that the company met specific performance goals, which triggered the RSU conversion.
• The transaction increases the Chief Executive Officer's direct beneficial ownership by 255,000 shares, aligning management's interests more closely with shareholders.

Industry Context

This filing is a standard disclosure of an insider transaction, specifically the vesting of executive compensation in the form of restricted stock units. It reflects routine corporate governance and executive incentive practices within the publicly traded company landscape.

Comparison to Industry Standards

• The vesting of performance-based restricted stock units is a common form of executive compensation across various industries, designed to align management incentives with company performance and shareholder value creation.
• The specific valuation range of $2.02 to $2.19 per share for the vested shares is specific to Bit Digital's stock performance at the time the performance goals were met, and is not directly comparable to RSU vesting prices of other companies without specific context of their stock performance and compensation structures.

Corporate Governance

Related Party Transactions

• The acquisition of shares by the Chief Executive Officer from the company through the vesting of performance-based restricted stock units is a standard related-party transaction related to executive compensation.

Stakeholder Impact

• Shareholders: Increased insider ownership may be viewed positively as it signals management's confidence and aligns their interests with long-term company performance.

Key Dates

Keywords

Bit Digital, BTBT, Samir Tabar, CEO, Form 4, SEC filing, insider trading, restricted stock units, RSU, equity incentive plan, beneficial ownership