Form 4: CFO Raymond Mow Adjusts BMNR Holdings, RSU Vesting Detailed

BITMINE IMMERSION TECHNOLOGIES CFO Raymond Mow reported a transfer of 55,000 common shares between entities and disclosed vesting details for 7,823 Restricted Stock Units.

Summary

• Raymond Mow, Chief Financial Officer of BITMINE IMMERSION TECHNOLOGIES, INC. (BMNR), reported changes in his beneficial ownership.
• On December 18, 2025, 55,000 shares of common stock were transferred from Progression Asset Management Corporation (PAMC) to Raymond Mow Enterprises LLC.
• PAMC is wholly owned by Jonathan Bates, and Mow held contractual rights to these shares. Raymond Mow Enterprises LLC is wholly owned by Raymond Mow.
• Following these transactions, Mow's beneficial ownership includes 220,950 shares held directly, 12,342 shares held indirectly by The Mow Family Trust, and 55,000 shares held indirectly by Raymond Mow Enterprises LLC.
• Mow also holds 7,823 Restricted Stock Units (RSUs) which convert into common stock on a one-for-one basis.
• These RSUs vest in four equal installments of 25% each on November 30, 2025, February 28, 2026, May 31, 2026, and August 31, 2026, according to an Executive Employment Agreement effective September 1, 2025.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of insider beneficial ownership changes and RSU vesting schedule, indicating a neutral sentiment as it does not contain information that would significantly alter the company's perceived value or outlook.

Positives

• The grant of 7,823 Restricted Stock Units (RSUs) aligns management incentives with shareholder interests through future equity vesting.
• The Executive Employment Agreement, effective September 1, 2025, indicates continued employment and commitment of the Chief Financial Officer to the company.

Negatives

• No direct sale of shares by the reporting person was reported, thus no immediate negative signal from a disposition.
• The transfer of 55,000 shares was between entities, not a market transaction, and does not indicate a change in the reporting person's overall economic interest.

Future Outlook

The Chief Financial Officer's 7,823 Restricted Stock Units are scheduled to vest in four equal installments through August 2026, providing a clear timeline for future equity grants and aligning executive incentives.

Industry Context

Form 4 filings are routine disclosures of insider trading activity and do not typically provide broader industry context. The reported transactions reflect individual executive compensation and share management, common across all publicly traded industries.

Related Party Transactions

• The transfer of 55,000 shares from Progression Asset Management Corporation (wholly owned by Jonathan Bates) to Raymond Mow Enterprises LLC (wholly owned by Raymond Mow) involves entities related to the reporting person and an individual with whom the reporting person had contractual rights regarding the shares.

Stakeholder Impact

• Shareholders: Provides transparency on executive shareholdings and compensation, which is generally positive for corporate governance. No significant change in overall beneficial ownership or market activity is indicated.
• Employees: No direct impact mentioned.
• Customers/Suppliers/Creditors: No direct impact.

Next Steps

• The vesting of 7,823 Restricted Stock Units will occur in four equal installments on November 30, 2025, February 28, 2026, May 31, 2026, and August 31, 2026.

Key Dates

Keywords

BITMINE IMMERSION TECHNOLOGIES, BMNR, Raymond Mow, Chief Financial Officer, CFO, Form 4, SEC filing, insider transaction, beneficial ownership, common stock, Restricted Stock Units, RSUs, equity compensation, vesting schedule