Frank Holmes of HIVE (HIVE) granted 500,000 RSUs in new award

Rhea-AI Filing Summary

HIVE Digital Technologies Executive Chairman Frank E. Holmes reported an equity compensation transaction involving restricted share units (RSUs). On June 30, 2026, he acquired 500,000 RSUs that were awarded under the company’s Restricted Share Unit Plan. These RSUs will vest in full on June 30, 2027 and then convert into common stock on a one-for-one basis upon settlement.

Following this award, Holmes holds 3,455,625 RSUs in total. According to the filing, 1,630,625 RSUs are already fully vested but have not yet been converted into common stock, while the remaining RSUs will vest in scheduled tranches through March 16, 2027.

Insights

Equity compensation analyst

Routine RSU award increases Holmes’ stock-based compensation with staggered vesting.

Executive Chairman Frank E. Holmes received 500,000 restricted share units on June 30, 2026 under HIVE’s RSU Plan. These RSUs vest fully on June 30, 2027, then convert into common stock on a one-for-one basis, indicating stock-linked incentive compensation rather than a cash purchase.

After this grant, Holmes holds 3,455,625 RSUs, of which 1,630,625 are fully vested but not yet converted. Additional tranches vest on July 8, 2026, August 5, 2026, November 5, 2026, October 31, 2026 and March 16, 2027. This pattern reflects ongoing equity-based pay, with actual share issuance depending on future vesting and settlement.

Insider Trade Summary

500,000 shares exercised/converted

Mixed 1 txn

Insider HOLMES FRANK E

Role Executive Chairman

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units	500,000	$0.00	--

Holdings After Transaction: Restricted Share Units — 3,455,625 shares (Direct, null)

Footnotes (1)

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. Reflects 500,000 RSUs that were awarded on June 30, 2026 and will vest in full on June 30, 2027. In addition to the RSUs awarded on June 30, 2026, the RSUs reported under Column 9 include RSUs that were previously reported. The underlying shares and vesting schedules are as follows: (i) 1,630,625 RSUs are fully vested, and have not been converted into common stock, as permitted under the RSU Plan; (ii) 125,000 vest in two equal installments of 62,500 on each of August 5, 2026 and November 5, 2026; (ii) 400,000 will vest on July 8, 2026; (iii) 400,000 will vest on October 31, 2026 and (iv) 400,000 will vest on March 16, 2027.

Key Figures

New RSU award: 500,000 RSUs Total RSUs after award: 3,455,625 RSUs Fully vested RSUs: 1,630,625 RSUs +4 more

7 metrics

New RSU award 500,000 RSUs Awarded June 30, 2026; vest June 30, 2027

Total RSUs after award 3,455,625 RSUs Holdings following reported transaction

Fully vested RSUs 1,630,625 RSUs Fully vested, not yet converted to common stock

Tranche vesting Aug & Nov 2026 125,000 RSUs 62,500 vest on Aug 5, 2026; 62,500 on Nov 5, 2026

Single-date vesting July 8, 2026 400,000 RSUs Unvested RSUs vesting July 8, 2026

Single-date vesting Oct 31, 2026 400,000 RSUs Unvested RSUs vesting October 31, 2026

Single-date vesting Mar 16, 2027 400,000 RSUs Unvested RSUs vesting March 16, 2027

Key Terms

Restricted Share Units, RSU Plan, vest, convert into common stock, +1 more

5 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.

RSU Plan financial

"issued pursuant to the Issuer’s Restricted Share Unit Plan (the RSU Plan)"

vest financial

"500,000 RSUs that were awarded on June 30, 2026 and will vest in full on June 30, 2027"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

convert into common stock financial

"upon vesting and settlement will convert into shares of the Issuer’s common stock"

fully vested financial

"1,630,625 RSUs are fully vested, and have not been converted into common stock"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 08:32 PM Accepted by SEC EDGAR 07/01/2026 - 08:31 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^*

HOLMES FRANK E

(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
X	Officer (give title below)		Other (specify below)
	Executive Chairman

2a. Foreign Trading Symbol
[HIVE]

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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

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)	06/30/2026		M		500,000		(2)	(2)	Common Stock	500,000	$0	3,455,625(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 will convert into shares of the Issuer’s common stock on a one-for-one basis.

2. Reflects 500,000 RSUs that were awarded on June 30, 2026 and will vest in full on June 30, 2027.

3. In addition to the RSUs awarded on June 30, 2026, the RSUs reported under Column 9 include RSUs that were previously reported. The underlying shares and vesting schedules are as follows: (i) 1,630,625 RSUs are fully vested, and have not been converted into common stock, as permitted under the RSU Plan; (ii) 125,000 vest in two equal installments of 62,500 on each of August 5, 2026 and November 5, 2026; (ii) 400,000 will vest on July 8, 2026; (iii) 400,000 will vest on October 31, 2026 and (iv) 400,000 will vest on March 16, 2027.

	/s/ Frank E. Holmes	06/30/2026
	** 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.
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)

FAQ

What did HIVE (HIVE) Executive Chairman Frank Holmes report in this Form 4?

Frank E. Holmes reported acquiring 500,000 restricted share units as equity compensation. These RSUs were granted under HIVE’s Restricted Share Unit Plan, increasing his total RSU holdings to 3,455,625, which will convert into common shares only as they vest and are settled.

When do the newly awarded 500,000 HIVE RSUs to Frank Holmes vest?

The 500,000 RSUs awarded to Frank Holmes on June 30, 2026 vest in full on June 30, 2027. After vesting and settlement, each RSU converts into one share of HIVE common stock, linking his compensation directly to the company’s future share performance.

How many HIVE restricted share units does Frank Holmes hold after this transaction?

After this transaction, Frank Holmes holds 3,455,625 RSUs. The filing notes 1,630,625 RSUs are already fully vested but not yet converted, while the remainder will vest in several tranches between July 8, 2026 and March 16, 2027, subject to plan terms.

Is Frank Holmes buying or selling HIVE stock in this Form 4 filing?

Frank Holmes is not buying or selling stock on the open market in this filing. Instead, he is receiving 500,000 restricted share units as compensation, which may convert into HIVE common shares in the future as they vest and are settled.

What are the future vesting dates for Frank Holmes’ unvested HIVE RSUs?

Unvested RSUs for Frank Holmes will vest on several dates: 62,500 on August 5, 2026, 62,500 on November 5, 2026, 400,000 on July 8, 2026, 400,000 on October 31, 2026, 400,000 on March 16, 2027, plus 500,000 vesting June 30, 2027.