Shenif Visram - Jul 31, 2024 Form 4 Insider Report for Hut 8 Corp. (HUT)

Signature
/s/ Asher Genoot, as Attorney-in-Fact
Stock symbol
HUT
Transactions as of
Jul 31, 2024
Transactions value $
-$270,705
Form type
4
Date filed
8/2/2024, 08:34 PM
Previous filing
May 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HUT Common Stock Options Exercise +33.3K +108% 64.2K Jul 31, 2024 Direct F1
transaction HUT Common Stock Sale -$271K -20.2K -31.53% $13.38 44K Aug 2, 2024 Direct F2, F3

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 Options Exercise $0 -33.3K -100% $0.00* 0 Jul 31, 2024 Common Stock 33.3K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer common stock on a one-for-one basis.
F2 Reflects shares sold to cover tax withholding obligations in connection with the vesting and settlement of RSUs. This sale is automatic as mandated under the Issuer's equity incentive plan and does not reflect a discretionary trade by the Reporting Person.
F3 The price reported in Column 4 is a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F4 Each 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.
F5 The vesting of these RSUs was accelerated from December 31, 2025 to July 31, 2024.