Hut 8 Corp Director's Stock Move: RSU Vesting Triggers $174K Tax-Related Sale

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Form Type

Rhea-AI Filing Summary

Hut 8 Corp (HUT) Director Joseph Flinn reported significant insider transactions on June 28, 2025, detailing activities from June 18-23, 2025. The transactions involved:

RSU Conversion: 18,999 Restricted Stock Units vested and converted to common stock on June 18, 2025, coinciding with the 2025 Annual General Meeting
Tax-Related Sale: 11,069 shares were sold at a weighted average price of $15.7724 on June 23, 2025, specifically to cover tax withholding obligations
Final Position: Following these transactions, Flinn directly owns 19,791 shares of common stock

The share sale was executed under a Rule 10b5-1 trading plan established on September 9, 2024, demonstrating pre-planned, compliant insider trading practices. The RSUs were settled in either common stock or cash at the issuer's discretion.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider Flinn Joseph

Role Director

Sold 11,069 shs ($175K)

Approx. gross sale proceeds $175K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Sale	Common Stock	11,069	$15.7724	$175K
Exercise	Restricted Stock Units	18,999	$0.00	$0.00
Exercise	Common Stock	18,999	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 19,791 shares (Direct)

Footnotes (5)

F1. Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer common stock on a one-for-one basis.
F2. 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.
F3. 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.
F4. 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.
F5. These RSUs vested on the date of the 2025 Annual General Meeting of the Stockholders of the Issuer.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 06/23/2025 - 08:01 PM

FAQ

How many HUT shares did Director Joseph Flinn acquire on June 18, 2025?

Director Joseph Flinn acquired 18,999 shares of HUT common stock on June 18, 2025 through the vesting of Restricted Stock Units (RSUs) that converted to common stock on a one-for-one basis.

What was the sale price when HUT Director Flinn sold shares on June 23, 2025?

Director Flinn sold 11,069 shares at a weighted average price of $15.7724 per share on June 23, 2025. This sale was made to cover tax withholding obligations related to the RSU vesting.

How many HUT shares does Joseph Flinn own after the June 2025 transactions?

Following the reported transactions, Joseph Flinn directly owns 19,791 shares of HUT common stock. This reflects the acquisition of 18,999 shares from RSU vesting and subsequent sale of 11,069 shares.

Why did HUT Director Flinn sell shares in June 2025?

The share sale was executed pursuant to a Rule 10b5-1 trading plan established on September 9, 2024, specifically to cover tax withholding obligations related to the vesting and settlement of his Restricted Stock Units (RSUs).

When did HUT Director Flinn's RSUs vest in 2025?

Joseph Flinn's 18,999 Restricted Stock Units (RSUs) vested on the date of HUT's 2025 Annual General Meeting of Stockholders, which was June 18, 2025.

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

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^*

Flinn Joseph

(Last)

(First)

(Middle)

1101 BRICKELL AVENUE, SUITE 1500

(Street)

MIAMI

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/18/2025		M		18,999	A	⁽¹⁾	30,860	D
Common Stock	06/23/2025		S⁽²⁾		11,069	D	$15.7724⁽³⁾	19,791	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽⁴⁾	06/18/2025		M			18,999	⁽⁵⁾	⁽⁵⁾	Common Stock	18,999	$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. 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 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.
* 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.

Source: View Original Filing on SEC EDGAR