HUT Form 4: Director Tai William awarded 15,713 RSUs

Rhea-AI Filing Summary

Tai William, a director of Hut 8 Corp (HUT), was granted 15,713 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of common stock and may be settled in common stock or cash at the issuer's discretion. The RSUs vest on the date of the issuer's 2026 Annual General Meeting, making the award conditional on remaining through that event. Following the reported award, 15,713 underlying shares are recorded as beneficially owned. This disclosure reflects a director compensation grant rather than an open-market trade.

Positive

• Director compensation disclosed: the company granted 15,713 RSUs, providing clear transparency on insider awards.
• Retention alignment: RSUs vest on the date of the 2026 Annual General Meeting, encouraging continued service through that event.

Negative

• Potential dilution: up to 15,713 shares could be issued if the RSUs are settled in common stock.
• Settlement uncertainty: the issuer may settle RSUs in cash or stock, reducing certainty about share-based alignment.

Insights

Financial Analyst

TL;DR: Director awarded 15,713 RSUs; routine compensation with limited immediate shareholder impact.

The grant of 15,713 RSUs is a standard director compensation instrument that creates deferred equity exposure tied to future vesting. Each RSU converts to one share and vests at the 2026 Annual General Meeting, so the economic interest is contingent on continued service through that date. The issuer may settle in stock or cash, which introduces modest uncertainty over dilution. Given the size and nature of the award, this filing is informational and unlikely to be materially market-moving.

Corporate Governance Expert

TL;DR: Vesting linked to the 2026 AGM supports retention, but the issuer's cash-settlement option reduces guaranteed alignment with shareholders.

Structuring RSU vesting to an annual meeting is a clear retention mechanism for a director. The discretionary settlement feature means the company can choose cash over shares, which preserves flexibility but dilutes the direct alignment between director compensation and shareholder equity performance. The grant amount (15,713 RSUs) is disclosed as the post-grant beneficial ownership and appears modest in isolation; no additional governance issues or large ownership changes are reported in this filing.

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^*

TAI WILLIAM

(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)
08/06/2025

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

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	(1)	08/06/2025		A		15,713		(2)	(2)	Common Stock	15,713	$0	15,713	D

Explanation of Responses:

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

2. These RSUs vest on the date of the 2026 Annual General Meeting of the Stockholders of the Issuer.

	/s/ Victor Semah, as Attorney-in-Fact	08/08/2025
	** 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 did Hut 8 (HUT) report on this Form 4?

The filing reports a grant of 15,713 restricted stock units (RSUs) to director Tai William.

When do the 15,713 RSUs vest?

The RSUs vest on the date of the issuer's 2026 Annual General Meeting of stockholders.

Will the RSUs be settled in shares or cash?

Each RSU represents a contingent right to one share and may be settled in common stock or cash, or a combination, at the issuer's discretion.

How many shares are reported as beneficially owned after the transaction?

The filing shows 15,713 underlying shares as beneficially owned following the reported award.

Who reported the transaction and what is their relationship to Hut 8?

The reporting person is Tai William, identified as a Director; the form is signed by an attorney-in-fact on the reporting person's behalf.