HIVE director converts 100,000 RSUs to common shares

HIVE Digital Technologies Ltd. director Dave Perrill exercised and settled 100,000 Restricted Share Units (RSUs) into an equal number of common shares on July 9, 2026, following their vesting on July 8, 2026.

Rhea-AI Filing Summary

HIVE Digital Technologies Ltd. director Dave Perrill exercised and settled 100,000 Restricted Share Units (RSUs) into an equal number of common shares on July 9, 2026, following their vesting on July 8, 2026. After this transaction, he holds 100,000 common shares directly and 325,000 RSUs that remain outstanding and subject to future vesting schedules.

Filing Explained

The July 9 settlement moved 100,000 RSUs into common shares for the director; 325,000 RSUs remained subject to later vesting.

The July 9, 2026 Form 4 reports director Dave Perrill acquiring 100,000 common shares after 100,000 RSUs vested and were settled on a one-for-one basis, changing his reported ownership from those awards to shares rather than reporting a sale. The filing also reports 325,000 RSUs directly held after the transaction, including previously reported awards, with vesting dates extending through June 30, 2027.

Form 4 reports an insider transaction, and its code M is defined here as an option or derivative exercise; the filing uses M for both the common-share acquisition and the RSU transaction. The filing's explanation says the RSUs were awarded on July 8, 2025, vested on July 8, 2026, and settled on July 9, 2026 under the issuer's RSU Plan. The derivative table lists a price of $0.

The remaining RSUs are scheduled to vest in two 12,500-share installments on August 5, 2026 and November 5, 2026, plus 100,000 shares on October 31, 2026, 100,000 on March 16, 2027, and 100,000 on June 30, 2027. Those dates are future vesting milestones, not evidence in this filing that those awards have already settled into common shares.

Insider Trade Summary

100,000 shares exercised/converted

Exercise 2 txns

Insider Perrill Dave

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units F1, F2, F3	100,000	$0.00	$0.00
Exercise	Common Shares F1, F2	100,000	--	--

Holdings After Transaction: Restricted Share Units — 325,000 contracts (Direct); Common Shares — 100,000 shares (Direct)

Footnotes (3)

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 converted into shares of the Issuer's common stock on a one-for-one basis.
2. F2. Reflects 100,000 RSUs that were awarded on July 8, 2025 and 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.
3. F3. The RSUs reported under Column 9 include RSUs that were previously reported. The underlying shares and vesting schedules are as follows: (i) 25,000 vest in two equal installments of 12,500 on each of August 5, 2026 and November 5, 2026; (ii) 100,000 will vest on October 31, 2026, (iii) 100,000 will vest on March 16, 2027 and (iv) 100,000 will vest on June 30, 2027.

Key Figures

RSUs exercised: 100,000 RSUs Common shares held after: 100,000 shares RSUs outstanding after: 325,000 RSUs +3 more

6 metrics

RSUs exercised 100,000 RSUs RSUs vested July 8, 2026 and settled into common shares July 9, 2026

Common shares held after 100,000 shares Direct common share holdings following RSU conversion

RSUs outstanding after 325,000 RSUs Remaining RSUs reported under Column 9 after the transaction

RSU award date July 8, 2025 Grant date of 100,000 RSUs that vested and settled in July 2026

RSU vesting date July 8, 2026 Vesting date of 100,000 RSUs converted to common shares

Future RSU vestings 25,000; 100,000; 100,000; 100,000 Scheduled on Aug 5, 2026; Nov 5, 2026; Oct 31, 2026; Mar 16, 2027; Jun 30, 2027

Key Terms

Restricted Share Units, Restricted Share Unit Plan, vested, converted into common shares

4 terms

Restricted Share Units financial

"Reflects restricted share units ("RSUs") issued pursuant to the Issuer’s Restricted Share Unit Plan"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

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

"were awarded on July 8, 2025 and vested on July 8, 2026"

converted into common shares financial

"RSUs were settled and converted into common shares of the Issuer on July 9, 2026"

FAQ

What insider transaction did HIVE (HIVE) director Dave Perrill report?

Director Dave Perrill exercised and settled 100,000 RSUs into 100,000 common shares on July 9, 2026. This was an RSU vesting and conversion under the company’s Restricted Share Unit Plan.

How many HIVE (HIVE) common shares does Dave Perrill hold after this Form 4?

Following the reported transactions, Dave Perrill holds 100,000 common shares of HIVE Digital Technologies Ltd. directly. These shares resulted from the conversion of vested RSUs on a one-for-one basis.

How many HIVE (HIVE) RSUs remain outstanding for Dave Perrill?

After the July 9, 2026 transactions, Dave Perrill has 325,000 RSUs outstanding. These units are subject to future vesting dates through 2027 under the company’s RSU Plan.

What are the future vesting dates for Dave Perrill’s HIVE (HIVE) RSUs?

The remaining RSUs vest as follows: 25,000 in two tranches on August 5, 2026 and November 5, 2026; 100,000 on October 31, 2026; 100,000 on March 16, 2027; and 100,000 on June 30, 2027.

When were the 100,000 HIVE (HIVE) RSUs that vested in 2026 originally granted?

The 100,000 RSUs exercised and settled into shares on July 9, 2026 were awarded on July 8, 2025. They vested on July 8, 2026 before being converted to common shares.

Was the HIVE (HIVE) Form 4 transaction a market purchase or sale?

No open-market trade occurred. The Form 4 reports a derivative exercise/conversion, where 100,000 RSUs vested and were settled into common shares, with no sale transaction reported.

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Available on EDGAR 07/13/2026 - 04:24 PM Accepted by SEC EDGAR 07/13/2026 - 04:23 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

Perrill Dave

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol
[HIVE]

3. Date of Earliest Transaction (Month/Day/Year)
07/09/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	07/09/2026		M		100,000	A	(1)(2)	100,000	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Share Units	(1)	07/09/2026		M			100,000	(2)	(2)	Common Stock	100,000	$0	325,000(3)	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 converted into shares of the Issuer's common stock on a one-for-one basis.

2. Reflects 100,000 RSUs that were awarded on July 8, 2025 and 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.

3. The RSUs reported under Column 9 include RSUs that were previously reported. The underlying shares and vesting schedules are as follows: (i) 25,000 vest in two equal installments of 12,500 on each of August 5, 2026 and November 5, 2026; (ii) 100,000 will vest on October 31, 2026, (iii) 100,000 will vest on March 16, 2027 and (iv) 100,000 will vest on June 30, 2027.

	/s/ Dave Perrill	07/10/2026
	** Signature of Reporting Person	Date
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.
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* Form 4: SEC 1474 (03-26)