HIVE CEO converts 400,000 RSUs into common shares
Rhea-AI Filing Summary
HIVE Digital Technologies Ltd. reports that President & CEO Aydin Kilic, through Akilic Ventures Ltd. (wholly owned by him), settled and converted 400,000 restricted share units (RSUs) into an equal number of common shares on July 10, 2026, under the company’s Restricted Share Unit Plan. Following this settlement, Akilic Ventures Ltd. holds 1,566,777 common shares indirectly for Kilic.
Additional holdings include 1,200 common shares held indirectly through Unimage Enterprises Ltd., also wholly owned by Kilic, and 300 common shares held directly. After this transaction, Kilic retains 1,400,000 RSUs, scheduled to vest in tranches of 100,000, 400,000, 400,000 and 500,000 units between August 2026 and June 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
400,000 shares exercised/converted
Exercise
4 txns
Insider
Kilic Aydin
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units F1, F2, F5, F3 | 400,000 | $0.00 | $0.00 |
| Exercise | Common Shares F1, F2, F3 | 400,000 | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares F4 | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 1,400,000 contracts (Indirect, By Akilic Ventures Ltd.);
Common Shares — 1,566,777 shares (Indirect, By Akilic Ventures Ltd.);
Common Shares — 300 shares (Direct);
Common Shares — 1,200 shares (Indirect, By Unimage Enterprises Ltd.)
Footnotes (5)
- F1. Reflects restricted share units ("RSUs") issued pursuant to the Issuerâs 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.
- F2. Reflects 400,000 RSUs that were awarded on July 8, 2025 and were fully vested on July 8, 2026. These RSUs were settled and converted into common shares of the Issuer on July 10, 2026, in accordance with the Issuerâs RSU Plan.
- F3. These securities are owned by Akilic Ventures Ltd., a corporation that is wholly owned by Mr. Kilic.
- F4. These securities are owned by Unimage Enterprises Ltd., a corporation that is wholly owned by Mr. Kilic.
- F5. The RSUs reported under Column 9 include RSUs that were previously reported. The underlying shares and vesting schedules are as follows: (i) 100,000 vest in two equal installments of 50,000 on each of August 5, 2026 and November 5, 2026; (ii) 400,000 will vest on October 31, 2026, (iii) 400,000 will vest on March 16, 2027 and (iv) 500,000 will vest on June 30, 2027.
Key Figures
RSUs settled into common shares: 400,000 units
Indirect common shares via Akilic Ventures: 1,566,777 shares
Indirect common shares via Unimage Enterprises: 1,200 shares
+3 more
6 metrics
RSUs settled into common shares
400,000 units
RSUs settled and converted into common shares on July 10, 2026
Indirect common shares via Akilic Ventures
1,566,777 shares
Indirect common share holdings through Akilic Ventures Ltd. after settlement
Indirect common shares via Unimage Enterprises
1,200 shares
Indirect holdings through Unimage Enterprises Ltd. after reported transactions
Direct common share holdings
300 shares
Common shares held directly by Aydin Kilic after reported transactions
RSUs outstanding after transaction
1,400,000 units
Remaining RSUs scheduled to vest between August 2026 and June 2027
RSU award date
July 8, 2025
Date 400,000 RSUs were awarded before vesting and settlement
Key Terms
Restricted Share Units, RSU Plan, vest, one-for-one basis
4 terms
RSU Plan financial
"issued pursuant to the Issuer’s Restricted Share Unit Plan (the "RSU Plan")"
vest financial
"100,000 vest in two equal installments of 50,000 on each of August 5, 2026 and November 5, 2026"
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.
one-for-one basis financial
"will convert into shares of the Issuer's common stock on a one-for-one basis"
FAQ
What RSU transaction did HIVE (HIVE) CEO Aydin Kilic report?
Aydin Kilic settled and converted 400,000 RSUs into an equal number of common shares on July 10, 2026. These RSUs were awarded on July 8, 2025, fully vested on July 8, 2026, and then settled under the company’s RSU Plan.
How many HIVE (HIVE) RSUs remain outstanding for Aydin Kilic and when do they vest?
Kilic holds 1,400,000 RSUs outstanding after the settlement. These RSUs vest as 100,000 units in 2026, 400,000 on October 31, 2026, 400,000 on March 16, 2027, and 500,000 on June 30, 2027, converting one-for-one into common shares upon settlement.
When were the 400,000 HIVE (HIVE) RSUs granted to Aydin Kilic and when did they vest and settle?
The 400,000 RSUs were awarded to Kilic on July 8, 2025, fully vested on July 8, 2026, and were settled and converted into common shares on July 10, 2026. This sequence follows the terms of HIVE’s Restricted Share Unit Plan.
How are Aydin Kilic’s HIVE (HIVE) holdings split between direct and indirect ownership?
Kilic’s holdings include indirect ownership through Akilic Ventures Ltd. and Unimage Enterprises Ltd., both wholly owned by him, plus a direct holding of 300 common shares. The largest block, 1,566,777 shares, is held through Akilic Ventures Ltd.
What does HIVE (HIVE) disclose about its RSU Plan in relation to Aydin Kilic?
The disclosure states that RSUs issued under the Restricted Share Unit Plan convert into common stock on a one-for-one basis upon vesting and settlement. Kilic’s 400,000 settled RSUs and 1,400,000 outstanding RSUs are all granted under this plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
