Hut 8 Board Member Increases Stake Following Annual Meeting Stock Awards

Rhea-AI Filing Summary

Hut 8 Corp (HUT) director Rick Rickertsen reported the vesting and conversion of 17,491 Restricted Stock Units (RSUs) into common stock on June 18, 2025. The transaction occurred in conjunction with the company's 2025 Annual General Meeting of Stockholders.

Following the transaction, Rickertsen now directly owns 33,987 shares of Hut 8 common stock. The RSUs converted to common shares on a one-for-one basis, with the company having discretion to settle in either stock, cash, or a combination thereof. The transaction was executed under transaction code 'M' indicating the exercise or conversion of derivative securities.

The Form 4 was filed on June 28, 2025, with Victor Semah signing as Attorney-in-Fact. This transaction represents standard director compensation through equity awards, which vested according to the predetermined schedule aligned with the annual shareholder meeting.

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

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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^*

Rickertsen Rick

(Last) (First) (Middle)

1101 BRICKELL AVENUE, SUITE 1500

(Street)

MIAMI FL 33131

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Hut 8 Corp. [ HUT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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 Stock	06/18/2025		M		17,491	A	(1)	33,987	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 Stock Units	(2)	06/18/2025		M			17,491	(3)	(3)	Common Stock	17,491	$0	0	D

Explanation of Responses:

1. Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer common stock on a one-for-one basis.

2. Each RSU represents a contingent right to receive one share of Issuer common stock. The RSUs settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.

3. These RSUs vested on the date of the 2025 Annual General Meeting of the Stockholders of the Issuer.

	/s/ Victor Semah, as Attorney-in-Fact	06/23/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

How many HUT shares did Director Rick Rickertsen acquire on June 18, 2025?

Director Rick Rickertsen acquired 17,491 shares of HUT common stock on June 18, 2025 through the vesting of Restricted Stock Units (RSUs).

What is Rick Rickertsen's total HUT share ownership after the June 2025 transaction?

Following the reported transaction, Rick Rickertsen directly owns 33,987 shares of HUT common stock.

When did HUT director Rickertsen's RSUs vest in 2025?

The RSUs vested on the date of HUT's 2025 Annual General Meeting of Stockholders, which was June 18, 2025.

What was the exercise price of HUT RSUs converted by Rickertsen?

The RSUs were converted at $0 exercise price, as they represented a contingent right to receive shares of HUT common stock on a one-for-one basis upon vesting.

Where is HUT director Rick Rickertsen based?

According to the Form 4 filing, Rick Rickertsen's address is listed as 1101 Brickell Avenue, Suite 1500, Miami, FL 33131.