Victor Semah - May 3, 2024 Form 4 Insider Report for Hut 8 Corp. (HUT)

Role
Chief Legal Officer
Signature
/s/ Victor Semah
Stock symbol
HUT
Transactions as of
May 3, 2024
Transactions value $
$0
Form type
4
Date filed
5/7/2024, 07:21 PM
Previous filing
May 7, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HUT Restricted Stock Units Award $0 +81.3K $0.00 81.3K May 3, 2024 Common Stock 81.3K Direct F1, F2
transaction HUT Performance Stock Units Award $0 +81.3K $0.00 81.3K May 3, 2024 Common Stock 81.3K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Issuer common stock. The RSUs will be settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.
F2 These RSUs shall vest in three equal annual installments beginning on May 1, 2025.
F3 Each performance stock unit ("PSU") represents a contingent right to receive one share of Issuer common stock. The PSUs will be settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.
F4 The number of PSUs reported represents the target number awarded on the grant date. The number of PSUs that vest will range from 0% to 200% of the target amount shown based upon the achievement of certain stock price criteria set forth in the PSU agreement during the period commencing on March 26, 2025 and ending on March 26, 2027. Any PSUs that become eligible to vest based on the performance of the Issuer's common stock will vest as of March 26, 2027.