Bitmine Immersion Technologies Director Robert J. Sechan II Exercises/Vests 4,749 RSUs into Common Stock

Executive Summary

On October 23, 2026, Robert J. Sechan II, a member of the Board of Directors of Bitmine Immersion Technologies, Inc. (BMNR), acquired 4,749 shares of common stock at $0.00 per share via the conversion and vesting of restricted stock units (RSUs). Following this transaction, Mr. Sechan directly holds 52,886 shares of common stock and 4,749 unvested RSUs.

Transaction Breakdown

• Type: Code M — Exercise or conversion of derivative security.
• Security Transacted: Common Stock (underlying derivative: Restricted Stock Units).
• Volume: 4,749 shares acquired; 4,749 derivative units converted/disposed.
• Pricing: $0.00 per share per standard RSU settlement terms.
• Post-Transaction Holdings:
  • Direct Common Stock: 52,886 shares.
  • Derivative RSUs Remaining: 4,749 units.

Context & Vesting Schedule

According to the footnotes:

• The RSUs were originally granted on January 23, 2026, under the 2026 Award plan.
• The units vest quarterly in four equal installments of 25% across the 12-month period following the grant date, conditioned upon continuous service.
• This transaction represents the third quarterly vesting installment.

Market Impact & Significance

This filing reflects routine equity compensation vesting rather than open-market buying or selling. Because no cash outlay was required and no shares were disposed of into the open market (e.g., via a sell-to-cover or open market sale), the trading significance is categorized as Low.