Sean Glennan - Aug 21, 2024 Form 4 Insider Report for Hut 8 Corp. (HUT)

Role
Chief Financial Officer
Signature
/s/ Sean Glennan
Stock symbol
HUT
Transactions as of
Aug 21, 2024
Transactions value $
$0
Form type
4
Date filed
8/23/2024, 05:50 PM

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 +37.1K $0.00 37.1K Aug 21, 2024 Common Stock 37.1K Direct F1, F2
transaction HUT Performance Stock Units Award $0 +37.1K $0.00 37.1K Aug 21, 2024 Common Stock 37.1K 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 August 21, 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 August 21, 2025 and ending on August 21, 2027. Any PSUs that become eligible to vest based on the performance of the Issuer's common stock will vest as of August 21, 2027.