Bit Digital, Inc. CEO Samir Tabar filed a Form 4 on August 20, 2026, disclosing a transaction dated August 18, 2026, in which he forfeited 200,000 ordinary shares and received 200,000 newly issued Preference Shares in exchange.

Key Highlights

  • Shares forfeited: Samir Tabar disposed of 200,000 ordinary shares of Bit Digital, Inc. for zero additional consideration.
  • Preference Shares acquired: 200,000 Preference Shares ($0.01 par value) were issued to Tabar on August 18, 2026, at a price of $0.
  • Voting power: According to the filing, each Preference Share carries the vote of 50 ordinary shares, representing an aggregate of 10,000,000 votes on all matters.
  • Remaining ordinary share ownership: Following the transaction, Tabar directly beneficially owns 3,143,089 ordinary shares.
  • Derivative securities: Tabar beneficially owns 735,000 derivative securities following the transaction, including 200,000 ordinary shares issuable upon conversion of the 200,000 Preference Shares.
  • No expiration date: The filing states there is no expiration date on the Preference Shares.

Bit Digital CEO Tabar Converts Ordinary Shares Into High-Vote Preference Shares

According to the Form 4 filed with the SEC on August 20, 2026, Samir Tabar, the Chief Executive Officer of Bit Digital, Inc. (NASDAQ:BTBT), participated in a share exchange transaction on August 18, 2026. The filing discloses that Tabar forfeited 200,000 issued and outstanding ordinary shares "for zero additional consideration, upon the issuance of 200,000 Preference Shares." Both the disposition of the ordinary shares and the acquisition of the Preference Shares carry transaction code "J," indicating a transaction not otherwise classified under the standard codes.

The Preference Shares acquired carry significant voting rights relative to ordinary shares. The filing states that "each Preference Share carries the vote of 50 ordinary shares or an aggregate of 10,000,000 votes on all matters." The Preference Shares were issued at a stated price of $0 and have no expiration date. They are convertible into ordinary shares, with 200,000 ordinary shares issuable upon conversion of the 200,000 Preference Shares issued on August 18, 2026.

Following the reported transactions, the filing shows Tabar directly and beneficially owns 3,143,089 ordinary shares. His derivative securities position is reported at 735,000 following the transaction, held directly, which the filing notes includes the 200,000 ordinary shares issuable upon conversion of the newly issued Preference Shares. The form was signed by Samir Tabar and dated August 20, 2026.

What Was Disclosed

The filing discloses that Bit Digital CEO Samir Tabar forfeited 200,000 ordinary shares at no consideration and received 200,000 Preference Shares on August 18, 2026, with each Preference Share carrying the voting power of 50 ordinary shares, resulting in 10,000,000 aggregate votes.