HUT Form 4: 14,775 RSUs awarded to Director Rickertsen, vest 2026

Rhea-AI Filing Summary

Hut 8 Corp. (HUT) reported an insider grant: Director Rickertsen was awarded 14,775 restricted stock units (RSUs) in a Form 4 reporting a transaction dated 08/06/2025. Each RSU represents a contingent right to one share of common stock and will be settled in common stock, cash, or a combination at the issuer's discretion. The RSUs are scheduled to vest on the date of the 2026 Annual General Meeting of Stockholders. The reported ownership form is direct and the filing lists the acquired RSUs at a $0 per-unit exercise/conversion basis.

This disclosure documents a routine director compensation award tied to future vesting rather than an immediate change in share count outstanding.

Insights

Financial Analyst

TL;DR: A routine director compensation grant of 14,775 RSUs, vesting at the 2026 AGM, is disclosed; impact appears neutral.

The Form 4 shows a non‑derivative economic interest via RSUs that convert 1:1 into common shares or cash at the issuer's option. The grant size, 14,775 RSUs, is explicitly tied to future vesting at the 2026 Annual Meeting and recorded at a $0 conversion basis. For investors, this is standard governance-level compensation and does not signal immediate dilution or a cash outflow until settlement occurs.

Corporate Governance Expert

TL;DR: Director award aligns interests through deferred equity; documentation and vesting terms are standard and non‑material on their face.

The disclosure identifies Rickertsen as a director receiving 14,775 RSUs that vest at the 2026 AGM, with settlement at the issuer's discretion in stock or cash. Such deferred equity is a common practice to align board members with shareholder outcomes. The Form 4 provides clear vesting timing and settlement mechanics; there are no additional governance red flags or extraordinary terms disclosed.

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^*

Rickertsen Rick

(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		14,775		(2)	(2)	Common Stock	14,775	$0	14,775	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 transaction did Hut 8 (HUT) report in this Form 4?

Hut 8 reported a grant of 14,775 RSUs to Director Rickertsen, recorded with a transaction date of 08/06/2025.

What does each RSU represent in the HUT Form 4?

Each RSU represents a contingent right to one share of common stock, with settlement in common stock, cash, or both at the issuer's discretion.

When do the RSUs granted to Rickertsen vest?

The RSUs vest on the date of the 2026 Annual General Meeting of Stockholders.

How many shares will be issued if the RSUs convert 1:1?

14,775 shares would be issuable if the RSUs are settled in common stock on a one‑for‑one basis.

What is the reporting person's relationship to Hut 8 in this filing?

Rickertsen is reported as a Director and the ownership form for the RSUs is listed as Direct.