Bit Digital, Inc. (NASDAQ:BTBT) Chief Financial Officer and Director Erke Huang filed a Form 4 on August 20, 2026, reporting a transaction dated August 18, 2026, in which 200,000 ordinary shares were forfeited in exchange for 200,000 newly issued Preference Shares.

Key Highlights

  • Shares forfeited: Huang disposed of 200,000 ordinary shares (transaction code J) for zero additional consideration on August 18, 2026.
  • Preference Shares acquired: 200,000 Preference Shares, $0.01 par value, were acquired at a price of $2 on August 18, 2026, with no expiration date.
  • Ordinary shares remaining (direct): Following the transaction, Huang directly holds 1,930,000 ordinary shares.
  • Voting power: According to the filing, each Preference Share carries the vote of 50 ordinary shares, representing an aggregate of 25,000,000 votes on all matters.
  • Indirect beneficial ownership: Through Even Green Holdings Limited, Huang is the beneficial owner of 500,000 ordinary shares issuable upon conversion of 500,000 Preference Shares, including the 200,000 issued on August 18, 2026, with 1,035,000 derivative securities beneficially owned following the transaction.

Bit Digital CFO Exchanges Ordinary Shares for High-Vote Preference Shares

According to the filing, Erke Huang, who serves as both Director and Chief Financial Officer of Bit Digital, Inc., entered into a transaction on August 18, 2026, coded "J" under Table I. The filing states that 200,000 issued and outstanding ordinary shares "were forfeited by Mr. Huang for zero additional consideration, upon the issuance of 200,000 Preference Shares." Following this disposal, Huang's direct beneficial ownership of ordinary shares stands at 1,930,000.

Under Table II, the filing reports the acquisition of 200,000 Preference Shares ($0.01 par value) at a price of $2, with a transaction code of "A" and a deemed execution date of August 18, 2026. The filing notes there is no expiration date for these derivative securities. Each Preference Share is convertible into one ordinary share and, according to footnote 3, "carries the vote of 50 ordinary shares or an aggregate of 25,000,000 votes on all matters."

The filing further discloses that Huang holds an indirect beneficial interest through Even Green Holdings Limited, which is the beneficial owner of 500,000 ordinary shares issuable upon conversion of 500,000 Preference Shares, inclusive of the 200,000 issued on August 18, 2026. The total number of derivative securities beneficially owned following the reported transaction is listed as 1,035,000, held indirectly. The Form 4 was signed by Erke Huang and dated August 20, 2026.

What Was Disclosed

Bit Digital CFO Erke Huang reported forfeiting 200,000 ordinary shares for zero consideration and receiving 200,000 Preference Shares in return, with each Preference Share carrying 50 votes. Direct ordinary share ownership following the transaction is 1,930,000 shares.