Amy Marie Wilkinson - 30 Nov 2023 Form 3 Insider Report for Hut 8 Corp. (HUT)

Role
Director
Signature
/s/ Asher Genoot, Attorney-in-Fact
Issuer symbol
HUT
Transactions as of
30 Nov 2023
Net transactions value
$0
Form type
3
Filing time
05 Dec 2023, 20:00:14 UTC
Previous filing
20 Jun 2023
Next filing
28 Mar 2024
SEC
View on sec.gov

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
holding HUT Stock Option(1) (right to buy) 30 Nov 2023 Common stock, par value $0.01 per share 81,935 $0.3900 Direct F1, F2
holding HUT Stock Option(3) (right to buy) 30 Nov 2023 Common stock, par value $0.01 per share 163,870 $0.3900 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents options to purchase Hut 8 Corp. (the "Company") Common Stock, par value $0.01 per share ("Common Stock"), issued to the Reporting Person in replacement of the options (the "2022 USBTC Options") held by the Reporting Person to purchase shares of common stock of U.S. Data Mining Group, Inc., a Nevada corporation ("USBTC") prior to the consummation of the Business Combination by and among the Company, USBTC and Hut 8 Mining Corp., a corporation existing under the laws of British Columbia ("Hut 8") on November 30, 2023. The 2022 USBTC Options were originally issued by USBTC on August 15, 2022.
F2 The shares vest over a four-year period which began on August 15, 2022, with 20,483 shares that vested on August 15, 2023 and the remaining shares vesting pro-rata on a monthly basis over the remaining three-year period.
F3 Represents options to purchase the Company's Common Stock issued to the Reporting Person in replacement of the options (the "2023 USBTC Options") held by the Reporting Person to purchase shares of common stock of USBTC prior to the consummation of the Business Combination on November 30, 2023. The 2023 USBTC Options were originally issued by USBTC on January 5, 2023.
F4 The shares vest over a four-year period which began on January 5, 2023, with 40,967 shares vesting on January 5, 2024 and the remaining shares vesting pro-rata on a monthly basis over the remaining three-year period.