HUT Form 4: CFO RSU Settlement and 10b5-1 Tax Sale Disclosed

Rhea-AI Filing Summary

Insider filing summary: Hut 8 Corp. Chief Financial Officer Sean Glennan reported the vesting and settlement of restricted stock units and a related sale to cover taxes. On 08/21/2025, 12,355 RSUs were deemed vested and converted one-for-one into common shares. Following vesting, the filer beneficially owned 24,710 shares in total. On 08/25/2025, 6,060 shares were sold at a weighted-average price of $22.0857 per share pursuant to a Rule 10b5-1 trading plan established on 09/09/2024; the sale was to satisfy tax withholding for the RSU settlement. The RSUs vest in three equal annual installments starting 08/21/2025 and may be settled in stock or cash at the issuer's discretion.

Positive

• RSU vesting disclosed transparently: 12,355 RSUs converted one-for-one into common shares, showing clear compensation settlement terms.
• Sale executed under a Rule 10b5-1 plan: The 10b5-1 plan dated 09/09/2024 indicates preplanned trading, supporting compliance with insider trading rules.

Negative

• Insider sold 6,060 shares: The sale reduced immediate insider shareholdings, although it was for tax withholding.
• Post-transaction ownership is modest: Reporting person holds 24,710 shares after the transactions, which may be small relative to institutional holdings (not specified in this filing).

Insights

Securities Analyst

TL;DR: Routine executive RSU vesting with tax-related sale under a pre-established 10b5-1 plan; not a material corporate event.

This Form 4 discloses standard equity compensation mechanics: 12,355 RSUs vested and converted into shares, and a subsequent sale of 6,060 shares to cover tax obligations. The sale was executed under a Rule 10b5-1 plan entered 09/09/2024, which reduces the likelihood of trading based on material nonpublic information. The remaining post-transaction beneficial ownership is 24,710 shares. For investors, this reflects compensation-related liquidity rather than a change in control, financing, or operational guidance.

Corporate Governance Expert

TL;DR: Disclosure aligns with governance best practices: RSU settlement and tax withholding sale properly reported and covered by a 10b5-1 plan.

The filing clearly states the nature of the awards, settlement terms, and the 10b5-1 plan date, which supports compliance and transparency. The RSUs vest in three equal annual installments beginning 08/21/2025 and can be settled in stock or cash, per the issuer's discretion. The documentation includes an attorney-in-fact signature, indicating authorized filing. There are no indications of unusual or opportunistic insider trading in this report.

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

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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).

X

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^*

Glennan Sean Joseph

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

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	08/21/2025		M		12,355	A	(1)	12,355	D
Common Stock	08/25/2025		S(2)		6,060	D	$22.0857(3)	6,295	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	(4)	08/21/2025		M			12,355	(5)	(5)	Common Stock	12,355	$0	24,710	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. Reflects shares sold to cover tax withholding obligations in connection with the vesting and settlement of RSUs, effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on September 9, 2024.

3. The price reported in Column 4 is a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

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

5. These RSUs vest in three equal annual installments beginning on August 21, 2025.

	/s/ Victor Semah, as Attorney-in-Fact	08/25/2025
	** 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.

FAQ

What transactions did Hut 8 Corp. (HUT) CFO Sean Glennan report on Form 4?

The CFO reported the vesting and settlement of 12,355 RSUs on 08/21/2025 and a sale of 6,060 shares on 08/25/2025 to cover tax withholding.

Were the share sales by the insider planned or opportunistic?

The sale was effected pursuant to a Rule 10b5-1 trading plan entered into on 09/09/2024, indicating a pre-established plan.

How many shares does the reporting person beneficially own after the transactions?

The filing reports 24,710 shares beneficially owned following the reported transactions.

What was the price of the shares sold to cover taxes?

The weighted-average price reported for the sale on 08/25/2025 was $22.0857 per share.

How do the RSUs vest going forward?

Each RSU vests in three equal annual installments beginning on 08/21/2025 and may be settled in common stock or cash at the issuer's discretion.