[Form 4] Hut 8 Corp. Insider Trading Activity

Rhea-AI Filing Summary

Hut 8 Corp. (HUT) reported an insider equity grant to its Chief Executive Officer and Director on 11/02/2025. The filing shows 2,339,272 restricted stock units (RSUs) awarded at $0, which convert into one share each upon settlement at the issuer’s discretion in cash, stock, or both. These RSUs vest on January 1, 2029, with a two‑year post‑vesting holding period.

It also reports two target awards of 505,789 performance stock units (PSUs) each at $0. One PSU grant vests based on defined value levels for shares of American Bitcoin Corp. owned by the issuer; the performance period begins on December 3, 2026 and runs four years with quarterly measurements. The second PSU grant vests based on the issuer’s market capitalization, with a performance period beginning twelve months after grant and ending four years after grant, also with quarterly measurements. Both PSU awards can vest from 0% to 300% of target and carry a two‑year post‑vesting holding period.

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).

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^*

Genoot Asher

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2025

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)	11/02/2025		A		2,339,272		(2)	(2)	Common Stock	2,339,272	$0	2,339,272	D
Performance Stock Units	(3)	11/02/2025		A		505,789		(4)	(4)	Common Stock	505,789	$0	505,789	D
Performance Stock Units	(3)	11/02/2025		A		505,789		(5)	(5)	Common Stock	505,789	$0	505,789	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 shall vest on January 1, 2029, subject to the Reporting Person's continued employment through the vesting date. The Reporting Person will be required to hold the vested shares for a period of two years following the vesting date (unless the RSUs vested in connection with a change in control).

3. Each performance stock unit ("PSU") represents a contingent right to receive one share of Issuer common stock. The PSUs will be settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.

4. The number of PSUs reported represents the target number awarded on the grant date. Vesting of the PSUs is contingent on the achievement of defined value levels for the shares of common stock of American Bitcoin Corp., a majority owned subsidiary of the Issuer, owned by the Issuer as of the grant date. The number of PSUs that vest will range from 0% to 300% of the target amount shown based the applicable performance levels achieved, provided that the Reporting Person remains employed by the Issuer through such vesting date. The PSUs' performance measurement period begins on December 3, 2026 and ends four years after grant date with measurement and potential vest dates on a quarterly basis or on the final day of the relevant measurement period. Once the PSUs have vested, the shares of the Issuer's common stock received must generally be held by the Reporting Person for a period of two years following the vesting date (unless the PSUs vested in connection with a change in control).

5. The number of PSUs reported represents the target number awarded on the grant date. Vesting of the PSUs is contingent on the achievement of defined market capitalization levels for the Issuer. The number of PSUs that vest will range from 0% to 300% of the target amount shown based the applicable performance level achieved, provided that the Reporting Person remains employed by the Issuer through such vesting date. The PSUs' performance measurement period begins twelve months after grant date and ends four years after grant date with measurement and potential vest dates on a quarterly basis or on the final day of the relevant measurement period. Once the PSUs have vested, the shares of the Issuer's common stock received must generally be held by the Reporting Person for a period of two years following the vesting date (unless the PSUs vested in connection with a change in control).

	/s/ Victor Semah, as Attorney-in-Fact	11/04/2025
	** 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.
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FAQ

What equity awards did Hut 8 (HUT) grant to its CEO?

The filing shows 2,339,272 RSUs and two target PSU awards of 505,789 each, all at $0 price.

When do the RSUs granted by HUT vest and are there holding requirements?

The RSUs vest on January 1, 2029, with a two‑year holding period after vesting.

How are the PSUs for HUT’s CEO measured and what is the vesting range?

Both PSU grants vest from 0% to 300% of target. One is tied to value levels of American Bitcoin Corp. shares held by the issuer; the other to the issuer’s market capitalization.

What are the PSU performance periods disclosed for Hut 8 (HUT)?

One PSU period begins on December 3, 2026 and runs four years; the other begins twelve months after grant and also runs four years. Both have quarterly measurement and potential vest dates.

Is there a post‑vesting holding requirement for the PSUs?

Yes. Once vested, shares received from PSUs must generally be held for two years following the vesting date, unless vesting occurs in connection with a change in control.

What was the transaction date on Hut 8’s Form 4?

The transaction date was 11/02/2025.

Who signed the Hut 8 insider filing?

The filing was signed by /s/ Victor Semah, as Attorney‑in‑Fact on 11/04/2025.