Hut 8 Corp. (HUT) CFO sells shares after RSU vesting, keeps holdings

Rhea-AI Filing Summary

Hut 8 Corp. Chief Financial Officer Glennan Sean Joseph reported routine equity compensation activity. He exercised 10,398 restricted stock units into an equal number of common shares at a conversion price of $0.00 per share. He then sold 4,625 common shares at a weighted average price of $49.0532 per share to cover tax withholding obligations under a Rule 10b5-1 trading plan. After these transactions, he directly holds 12,068 common shares and 20,794 restricted stock units, which each represent a contingent right to receive one share of common stock.

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).

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)
03/07/2026

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	03/07/2026		M		10,398	A	(1)	16,693	D
Common Stock	03/10/2026		S(2)		4,625	D	$49.0532(3)	12,068	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)	03/07/2026		M			10,398	(5)	(5)	Common Stock	10,398	$0	20,794	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. On April 23, 2025, the Reporting Person was granted 31,192 RSUs, vesting in three equal annual installments beginning on March 7, 2026.

	/s/ Victor Semah, as Attorney-in-Fact	03/10/2026
	** 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).
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FAQ

What insider transactions did Hut 8 (HUT) CFO Glennan Sean Joseph report?

Hut 8 CFO Glennan Sean Joseph exercised 10,398 restricted stock units into common shares, then sold 4,625 common shares. The sale was to cover tax withholding obligations and was executed under a pre-arranged Rule 10b5-1 trading plan.

How many Hut 8 (HUT) shares did the CFO sell and at what price?

The CFO sold 4,625 Hut 8 common shares at a weighted average price of $49.0532 per share. A footnote states he can provide full details of the individual prices within the reported range upon request to investors or regulators.

Were Hut 8 (HUT) CFO share sales part of a Rule 10b5-1 plan?

Yes. The filing states the shares were sold to cover tax withholding obligations and were effected under a Rule 10b5-1 trading plan entered into on September 9, 2024, indicating the transactions were pre-planned rather than opportunistic.

What does the RSU vesting mean for Hut 8 (HUT) CFO’s equity compensation?

10,398 restricted stock units vested and converted into common shares on a one-for-one basis. Each RSU represents a contingent right to receive one share, settled in cash, stock, or a combination at Hut 8’s discretion, reflecting ongoing equity-based compensation.

How many Hut 8 (HUT) shares and RSUs does the CFO hold after the transactions?

Following the reported transactions, the CFO directly holds 12,068 Hut 8 common shares and 20,794 restricted stock units. The RSUs continue to represent potential future common shares, subject to vesting and settlement terms determined by the company.

Did Hut 8 (HUT) CFO receive any new restricted stock unit grants?

Yes. The filing notes a grant of 31,192 restricted stock units on April 23, 2025, vesting in three equal annual installments beginning on March 7, 2026. These units provide additional long-term, stock-linked compensation for the CFO.