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HIVE Digital CFO settles 375,000 RSUs into shares

HIVE Digital Technologies Ltd. officer Timothy Calveley, BUZZ HPC-CFO, reported the vesting and settlement of restricted share units into common shares.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

HIVE Digital Technologies Ltd. officer Timothy Calveley, BUZZ HPC-CFO, reported the vesting and settlement of restricted share units into common shares. On April 23, 2026, 242,500 RSUs vested and converted to common shares, and on July 9, 2026 a further 132,500 RSUs converted, for 375,000 shares in total. These events reflect RSUs issued under the Restricted Share Unit Plan, with no open-market purchases or sales reported.

Positive

  • None.

Negative

  • None.

Filing Explained

This is a completed insider RSU settlement: 375,000 common shares are held directly while 265,000 RSUs remain.

The July 10, 2026 Form 4 identifies the reporting person as a 10% owner and officer with the title BUZZ HPC-CFO, and reports five M-coded transactions dated April 23, 2026 and July 9, 2026.

The resulting direct common-share holding reported in Table I is 375,000 shares.

The filing explains that the transactions settled vested RSUs into common shares on a one-for-one basis, so the disclosed state is completed settlement for these transactions rather than an open-market sale.

The Form 4 reference defines M as an option or derivative exercise, while this filing specifically identifies the derivatives as RSUs issued under the issuer's RSU Plan.

After the July 9, 2026 transactions, the reporting person held 265,000 RSUs directly, separate from the 375,000 common shares reported in Table I.

The filing lists remaining RSU vesting dates of August 5, 2026, November 5, 2026, October 31, 2026, March 16, 2027, and June 30, 2027; it does not report those later vesting events as completed.

Insider Calveley Timothy
Role BUZZ HPC-CFO
Type Security Shares Price Value
Exercise Restricted Share Units F1, F5, F8 12,500 $0.00 $0.00
Exercise Restricted Share Units F1, F6, F8 120,000 $0.00 $0.00
Exercise Common Shares F1, F5 12,500 -- --
Exercise Common Shares F1, F6 120,000 -- --
Exercise Restricted Share Units F1, F2, F7 62,500 $0.00 $0.00
Exercise Restricted Share Units F1, F3, F7 60,000 $0.00 $0.00
Exercise Restricted Share Units F1, F4, F7 120,000 $0.00 $0.00
Exercise Common Shares F1, F2 62,500 -- --
Exercise Common Shares F1, F3 60,000 -- --
Exercise Common Shares F1, F4 120,000 -- --
Holdings After Transaction: Restricted Share Units — 562,500 contracts (Direct); Common Shares — 375,000 shares (Direct)
Footnotes (8)
  1. F1. Reflects restricted share units ("RSUs") issued pursuant to the Issuer's Restricted Share Unit Plan (the "RSU Plan") that, upon vesting and settlement will convert into shares of the Issuer's common stock on a one-for-one basis.
  2. F2. Reflects 62,500 RSUs that were awarded on November 5, 2024 that were fully vested on February 5, 2026. These RSUs were settled and converted into common shares of the Issuer on April 23, 2026 in accordance with the Issuer's RSU Plan.
  3. F3. Reflects 60,000 RSUs that were awarded on February 14, 2025 that were fully vested on February 14, 2026. These RSUs were settled and converted into common shares of the Issuer on April 23, 2026, in accordance with the Issuer's RSU Plan.
  4. F4. Reflects 120,000 RSUs that were awarded on April 17, 2025 that were fully vested on April 17, 2026. These RSUs were settled and converted into common shares of the Issuer on April 23, 2026, in accordance with the Issuer's RSU Plan
  5. F5. Reflects 12,500 RSUs that were awarded on November 5, 2024 that were fully vested on May 5, 2026. These RSUs were settled and converted into common shares of the Issuer on July 9, 2026, in accordance with the Issuer's RSU Plan.
  6. F6. Reflects 120,000 RSUs that were awarded on July 8, 2025 that were fully vested on July 8, 2026. These RSUs were settled and converted into common shares of the Issuer on July 9, 2026, in accordance with the Issuer's RSU Plan.
  7. F7. Includes RSUs that were previously reported. Excluding the 242,500 RSUs that were converted on April 23, 2026, the reporting person held the following RSUs as of April 23, 2026: (i) 37,500 RSUs that will vest in three equal installments of 12,500 on each of May 5, 2026, August 5, 2026 and November 5, 2026; (ii) 120,000 RSUs that will vest on July 8, 2026; (iii) 70,000 RSUs that will vest on October 31, 2026 and (iv) 70,000 RSUs that will vest on March 16, 2027.
  8. F8. Includes RSUs that were previously reported. Excluding the 132,500 RSUs that were converted on July 9, 2026, the reporting person held the following RSUs as of July 9, 2026: (i) 25,000 will vest in two equal installments of 12,500 on each of August 5, 2026 and November 5, 2026; (ii) 70,000 will vest on October 31, 2026, (iii) 70,000 will vest on March 16, 2027; (iv) 100,000 will vest on June 30, 2027.
RSUs converted on April 23, 2026 242,500 shares Restricted share units settled into common shares on April 23, 2026
RSUs converted on July 9, 2026 132,500 shares Restricted share units settled into common shares on July 9, 2026
Total RSUs converted in reported transactions 375,000 shares Aggregate of RSUs converted to common shares on April 23 and July 9, 2026
Common shares held after one July 9, 2026 entry 375,000 shares Direct common share ownership shown in a non-derivative row following July 9, 2026 conversion
RSUs vesting on October 31, 2026 70,000 units Unvested RSUs scheduled to vest on October 31, 2026 as described in footnotes
RSUs vesting on March 16, 2027 70,000 units Unvested RSUs scheduled to vest on March 16, 2027 as described in footnotes
RSUs vesting on June 30, 2027 100,000 units Unvested RSUs scheduled to vest on June 30, 2027 as of July 9, 2026
restricted share units ("RSUs") financial
"Reflects restricted share units ("RSUs") issued pursuant to the Issuer's Restricted Share Unit Plan"
Restricted Share Unit Plan financial
"issued pursuant to the Issuer's Restricted Share Unit Plan (the "RSU Plan")"
A restricted share unit plan is a company program that promises employees or executives actual company shares or cash tied to the company’s stock, delivered later once conditions like continued employment or performance targets are met. Think of it as a delayed paycheck paid in stock that becomes fully owned only after certain milestones. Investors care because these awards can change the number of shares outstanding, affect reported costs, and align employee actions with shareholder value.
vested financial
"RSUs that were awarded on November 5, 2024 that were fully vested on February 5, 2026"
settled and converted into common shares financial
"These RSUs were settled and converted into common shares of the Issuer on April 23, 2026"
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""

FAQ

What did HIVE (HIVE) executive Timothy Calveley report in this Form 4?
CFO Timothy Calveley reported the vesting and settlement of restricted share units (RSUs) into HIVE common shares. RSUs granted under the company’s Restricted Share Unit Plan were converted into shares on two dates in 2026, with no open‑market trades disclosed.

How many HIVE (HIVE) RSUs did Timothy Calveley convert on April 23, 2026?
On April 23, 2026, Timothy Calveley converted 242,500 RSUs into common shares of HIVE. Footnotes explain that these RSUs came from prior grants of 62,500, 60,000, and 120,000 units that had fully vested before conversion.

How many HIVE (HIVE) RSUs did Calveley convert on July 9, 2026?
On July 9, 2026, Calveley converted an additional 132,500 RSUs into HIVE common shares. These consisted of 12,500 RSUs from a November 5, 2024 award and 120,000 RSUs from a July 8, 2025 award, both fully vested before settlement.

What is the total number of HIVE (HIVE) RSUs converted in these 2026 transactions?
Across both reported dates, Calveley converted a total of 375,000 RSUs into HIVE common shares. This total combines 242,500 units settled on April 23, 2026 and 132,500 units settled on July 9, 2026 under the RSU Plan.

Were there any open-market purchases or sales by HIVE (HIVE) CFO Timothy Calveley?
No. The Form 4 reports only RSU exercises and conversions, coded as derivative exercises (code M). The transaction summary shows zero open‑market buy or sell transactions, indicating no reported market purchases or sales of HIVE shares by Calveley.

Does Timothy Calveley still hold unvested HIVE (HIVE) RSUs after these conversions?
Yes. Footnotes state that, after converting 242,500 RSUs in April and 132,500 in July 2026, Calveley still held several RSU grants, including blocks of 70,000 and 100,000 units scheduled to vest between late 2026 and mid‑2027.

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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Calveley Timothy
(Last)(First)(Middle)
7900 CALLAGHAN ROAD, SUITE 128
(Street)
SAN ANTONIO TEXAS 78229
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
HIVE Digital Technologies Ltd. [ HIVE ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
BUZZ HPC-CFO
2a. Foreign Trading Symbol
[HIVE]
3. Date of Earliest Transaction (Month/Day/Year)
04/23/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Shares04/23/2026M62,500A(1)(2)62,500D
Common Shares04/23/2026M60,000A(1)(3)122,500D
Common Shares04/23/2026M120,000A(1)(4)242,500D
Common Shares07/09/2026M12,500A(1)(5)255,000D
Common Shares07/09/2026M120,000A(1)(6)375,000D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Share Units(1)04/23/2026M62,500 (2) (2)Common Stock62,500$0477,500(7)D
Restricted Share Units(1)04/23/2026M60,000 (3) (3)Common Stock60,000$0417,500(7)D
Restricted Share Units(1)04/23/2026M120,000 (4) (4)Common Stock120,000$0297,500(7)D
Restricted Share Units(1)07/09/2026M12,500 (5) (5)Common Stock12,500$0385,000(8)D
Restricted Share Units(1)07/09/2026M120,000 (6) (6)Common Stock120,000$0265,000(8)D
Explanation of Responses:
1. Reflects restricted share units ("RSUs") issued pursuant to the Issuer's Restricted Share Unit Plan (the "RSU Plan") that, upon vesting and settlement will convert into shares of the Issuer's common stock on a one-for-one basis.
2. Reflects 62,500 RSUs that were awarded on November 5, 2024 that were fully vested on February 5, 2026. These RSUs were settled and converted into common shares of the Issuer on April 23, 2026 in accordance with the Issuer's RSU Plan.
3. Reflects 60,000 RSUs that were awarded on February 14, 2025 that were fully vested on February 14, 2026. These RSUs were settled and converted into common shares of the Issuer on April 23, 2026, in accordance with the Issuer's RSU Plan.
4. Reflects 120,000 RSUs that were awarded on April 17, 2025 that were fully vested on April 17, 2026. These RSUs were settled and converted into common shares of the Issuer on April 23, 2026, in accordance with the Issuer's RSU Plan
5. Reflects 12,500 RSUs that were awarded on November 5, 2024 that were fully vested on May 5, 2026. These RSUs were settled and converted into common shares of the Issuer on July 9, 2026, in accordance with the Issuer's RSU Plan.
6. Reflects 120,000 RSUs that were awarded on July 8, 2025 that were fully vested on July 8, 2026. These RSUs were settled and converted into common shares of the Issuer on July 9, 2026, in accordance with the Issuer's RSU Plan.
7. Includes RSUs that were previously reported. Excluding the 242,500 RSUs that were converted on April 23, 2026, the reporting person held the following RSUs as of April 23, 2026: (i) 37,500 RSUs that will vest in three equal installments of 12,500 on each of May 5, 2026, August 5, 2026 and November 5, 2026; (ii) 120,000 RSUs that will vest on July 8, 2026; (iii) 70,000 RSUs that will vest on October 31, 2026 and (iv) 70,000 RSUs that will vest on March 16, 2027.
8. Includes RSUs that were previously reported. Excluding the 132,500 RSUs that were converted on July 9, 2026, the reporting person held the following RSUs as of July 9, 2026: (i) 25,000 will vest in two equal installments of 12,500 on each of August 5, 2026 and November 5, 2026; (ii) 70,000 will vest on October 31, 2026, (iii) 70,000 will vest on March 16, 2027; (iv) 100,000 will vest on June 30, 2027.
/s/ Timothy Calveley07/10/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR