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HIVE executive exercises 375K RSUs into shares

HIVE Digital Technologies Ltd. reported that BUZZ HPC President & COO Craig Tavares, through 12832577 Canada Inc., exercised derivative awards into common shares.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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 Tavares Craig
Role BUZZ HPC-President & COO
Type Security Shares Price Value
Exercise Restricted Share Units 100,000 $0.00 $0.00
Exercise Restricted Share Units 25,000 $0.00 $0.00
Exercise Restricted Share Units 50,000 $0.00 $0.00
Exercise Restricted Share Units 200,000 $0.00 $0.00
Exercise Common Shares 100,000 $0.00 $0.00
Exercise Common Shares 25,000 $0.00 $0.00
Exercise Common Shares 50,000 $0.00 $0.00
Holdings After Transaction: Restricted Share Units — 590,000 contracts (Indirect, By 12832577 Canada Inc.); Common Shares — 175,000 shares (Indirect, By 12832577 Canada Inc.)
Footnotes (7)
  1. F1. 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.
  2. F2. These securities are held by 12832577 Canada Inc., a corporation that is wholly controlled by Mr. Tavares.
  3. F3. 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.
  4. F4. 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.
  5. F5. 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.
  6. F6. Reflects 200,000 RSUs that were awarded on June 30, 2026 and will vest in full on June 30, 2027.
  7. F7. 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.
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
Restricted Share Units financial
"Reflects restricted share units ("RSUs") issued pursuant to the Issuer's Restricted Stock 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 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 many HIVE shares were acquired through derivative exercises in this Form 4?
The Form 4 shows exercises totaling 375,000 shares tied to derivative awards. These include restricted share units that vested on November 5, 2025, February 14, 2026 and April 17, 2026, and were settled into HIVE common shares on May 1, 2026 under the RSU Plan.

Were any HIVE shares sold or withheld for taxes in this Craig Tavares filing?
No sales or tax-withholding dispositions are reported. All transactions are coded “M” for derivative exercises or conversions, and the transaction summary shows zero sell shares and zero tax withholding shares, indicating purely acquisition activity rather than open-market selling or tax-related share reductions.

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.

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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*
Tavares Craig
(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-President & COO
2a. Foreign Trading Symbol
[HIVE]
3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026		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 Shares05/01/2026M100,000A(1)100,000IBy 12832577 Canada Inc.(2)
Common Shares05/01/2026M25,000A(1)125,000IBy 12832577 Canada Inc.(2)
Common Shares05/01/2026M50,000A(1)175,000IBy 12832577 Canada Inc.(2)
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)05/01/2026M100,000 (3) (3)Common Stock100,000$0465,000(7)IBy 12832577 Canada Inc.(2)
Restricted Share Units(1)05/01/2026M25,000 (4) (4)Common Stock25,000$0440,000(7)IBy 12832577 Canada Inc.(2)
Restricted Share Units(1)05/01/2026M50,000 (5) (5)Common Stock50,000$0390,000(7)IBy 12832577 Canada Inc.(2)
Restricted Share Units(1)05/01/2026M200,000 (6) (6)Common Stock200,000$0590,000(7)IBy 12832577 Canada Inc.(2)
Explanation of Responses:
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.
2. These securities are held by 12832577 Canada Inc., a corporation that is wholly controlled by Mr. Tavares.
3. 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.
4. 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.
5. 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.
6. Reflects 200,000 RSUs that were awarded on June 30, 2026 and will vest in full on June 30, 2027.
7. 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.
/s/ Craig Tavares06/30/2026
** 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