Bitmine Immersion Technologies CFO/COO Reports Annual Option Grant and RSU Vesting

Executive Summary

On October 23, 2026, Bitmine Immersion Technologies, Inc. (BMNR) submitted a Form 4 on behalf of Young Kyu Kim, serving as Director, Chief Financial Officer, and Chief Operating Officer. The filing reports routine annual equity compensation awarded in April 2026, including an option grant and the vesting of restricted stock units (RSUs) with shares withheld for statutory tax liabilities.

Transaction Breakdown

1. Stock Option Grant (April 2, 2026):

   • Type: Non-qualified / Incentive Stock Options (Code A)
   • Securities: 264,360 options to purchase Common Stock
   • Exercise Price: $19.46 per share
   • Vesting Schedule: Four equal quarterly installments from grant date, expiring April 2, 2036.
   • Purpose: Annual long-term incentive award for FY 2026 service.

2. RSU Vesting & Settlement (April 7, 2026):

   • Shares Acquired: 10,032 Common Shares acquired upon settlement of RSUs at $0.00.
   • Tax Withholding (Code F): 3,145 shares disposed of at $20.17 per share ($63,434.65 aggregate value) to cover statutory tax withholding.
   • Net Common Shares Retained: 6,887 direct shares.

Market & Trading Significance

This filing reflects standard executive equity compensation and tax withholding mechanics rather than discretionary open-market buying or selling. As such, the trading significance is rated Low.