HIVE (HIVE) COO boosts indirect stake via 375K RSU conversions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HIVE Digital Technologies Ltd. reported that BUZZ HPC President & COO Craig Tavares, through 12832577 Canada Inc., exercised derivative awards into common shares. On May 1, 2026, he converted a total of 375,000 restricted share units and related derivative positions into common shares at a stated price of $0.00 per share, reflecting settlement of previously vested RSUs under the company’s RSU Plan. The Form 4 shows only acquisitions and derivative exercises, with no open-market sales or tax-withholding dispositions reported, indicating an increase in his indirect equity exposure to HIVE through the controlled corporation.
Positive
- None.
Negative
- None.
Insider Trade Summary
375,000 shares exercised/converted
Mixed
7 txns
Insider
Tavares Craig
Role
BUZZ HPC-President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 100,000 | $0.00 | -- |
| Exercise | Restricted Share Units | 25,000 | $0.00 | -- |
| Exercise | Restricted Share Units | 50,000 | $0.00 | -- |
| Exercise | Restricted Share Units | 200,000 | $0.00 | -- |
| Exercise | Common Shares | 100,000 | $0.00 | -- |
| Exercise | Common Shares | 25,000 | $0.00 | -- |
| Exercise | Common Shares | 50,000 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Units — 465,000 shares (Indirect, By 12832577 Canada Inc.);
Common Shares — 100,000 shares (Indirect, By 12832577 Canada Inc.)
Footnotes (1)
- Reflects restricted share units ("RSUs") issued pursuant to the Issuer's Restricted Stock Unit Plan (the "RSU Plan") that, upon vesting and settlement converted into shares of Issuer common stock on a one-for-one basis. These securities are held by 12832577 Canada Inc., a corporation that is wholly controlled by Mr. Tavares. Reflects 100,000 RSUs that vested on November 5, 2025. These RSUs were settled and converted into common shares of the Issuer on May 1, 2026, in accordance with the Issuer's RSU Plan. Reflects 25,000 RSUs that vested on February 14, 2026. These RSUs were settled and converted into common shares of the Issuer on May 1, 2026, in accordance with the Issuer's RSU Plan. Reflects 50,000 RSUs that vested on April 17, 2026. These RSUs were settled and converted into common shares of the Issuer on May 1, 2026, in accordance with the Issuer's RSU Plan. Reflects 200,000 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) 200,000 vest in two equal installments of 100,000 on each of November 5, 2026 and November 5, 2027; (ii) 50,000 will vest on July 8, 2026; (iii) 70,000 will vest on October 31, 2026 and (iv) 70,000 will vest on March 16, 2027.
Key Figures
Derivative exercises: 375,000 shares
Exercise transactions: 7 transactions
Indirect common shares: 175,000 shares
+2 more
5 metrics
Derivative exercises
375,000 shares
Total shares from derivative exercises and RSU conversions on May 1, 2026
Exercise transactions
7 transactions
All coded M for exercise or conversion of derivative securities
Indirect common shares
175,000 shares
Indirect common share holding shown in one line after a May 1, 2026 transaction
Remaining RSUs
465,000 units
Restricted share units reported as indirectly held following a May 1, 2026 transaction
Exercise price
$0.00 per share
Stated price for RSU conversions into HIVE common shares
Key Terms
Restricted Share Units, RSU Plan, derivative security, indirect ownership, +1 more
5 terms
RSU Plan financial
"issued pursuant to the Issuer's Restricted Stock Unit Plan (the "RSU Plan")"
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
indirect ownership financial
"ownership_type": "indirect", "nature_of_ownership": "By 12832577 Canada Inc.""
vested financial
"Reflects 100,000 RSUs that vested on November 5, 2025."
FAQ
What insider activity did HIVE (HIVE) report for Craig Tavares?
HIVE reported that executive Craig Tavares exercised and converted derivative awards into common shares. On May 1, 2026, he settled multiple restricted share unit grants into stock through 12832577 Canada Inc., increasing his indirect equity exposure without any reported open-market sales.
How are Craig Tavares’ HIVE holdings structured in this Form 4?
The filing shows indirect ownership through 12832577 Canada Inc., a corporation wholly controlled by Mr. Tavares. Both the exercised common shares and remaining restricted share units are reported as held by this entity, consolidating his economic interest in HIVE under a single controlled corporation.
What vesting details are provided for HIVE RSUs held by Craig Tavares?
Footnotes describe specific RSU vesting schedules. Some RSUs vested on November 5, 2025, February 14, 2026 and April 17, 2026, then converted to shares on May 1, 2026. Additional RSU awards vest between July 8, 2026 and March 16, 2027, reflecting ongoing equity-based compensation.
What is HIVE’s RSU Plan mentioned in the Craig Tavares Form 4?
The RSU Plan is HIVE’s restricted share unit program under which RSUs are granted and later settle into common stock. Footnotes state that RSUs convert into common shares on a one-for-one basis upon vesting and settlement, tying executive compensation directly to the company’s equity.