E. Stanley Oneal - 30 Nov 2023 Form 3 Insider Report for Hut 8 Corp. (HUT)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
3
Accepted by SEC
05 Dec 2023, 20:01:30 UTC
Prior SEC filing
06 Sep 2023
Next SEC filing
05 Dec 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Asher Genoot, Attorney-in-Fact

Key filing fact

E. Stanley Oneal filed Form 3 for Hut 8 Corp. (HUT) on 05 Dec 2023.

Key facts

  • This page summarizes E. Stanley Oneal's Form 3 filing for Hut 8 Corp. (HUT).
  • 0 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 05 Dec 2023, 20:01.

Change

  • Previous filing in this sequence was filed on 06 Sep 2023.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

HUT holding

Common stock, par value $0.01 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
211,039
Date
30 Nov 2023
Ownership
See footnote
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

HUT holding Derivative

Stock Option(2) (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
30 Nov 2023
Ownership
Direct
Underlying class
Common stock, par value $0.01 per share
Underlying amount
81,935
Exercise price
$0.3900
Footnotes
F2, F3
HUT holding Derivative

Stock Option(4) (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
30 Nov 2023
Ownership
Direct
Underlying class
Common stock, par value $0.01 per share
Underlying amount
163,870
Exercise price
$0.3900
Footnotes
F4, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

These shares represent the Reporting Person's pecuniary interest in the shares of Hut 8 Corp. (the "Company") Common Stock, par value $0.01 per share ("Common Stock"), owned by JHS Bitcoin Mining LLC ("JHS"). The Reporting Person does not currently maintain voting or dispositive power over the shares held by JHS. However, the shares included herein represent the Reporting Person's passive investment in JHS and his respective pecuniary interest in such shares.

Footnote F2

Represents options to purchase the Company's Common Stock issued to the Reporting Person in replacement of the options (the "2021 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 2021 USBTC Options were originally issued by USBTC on July 30, 2021.

Footnote F3

The shares vest over a four-year period which began on March 18, 2021, with 20,483 shares that vested on March 18, 2022 and the remaining shares vesting pro-rata on a monthly basis over the remaining three-year period.

Footnote F4

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.

Footnote F5

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.

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