Director at Hut 8 Corp. (HUT) exercises RSUs, reports 189,936-share GRAT
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hut 8 Corp. director Stanley E. Oneal reported equity compensation and estate-planning moves. On June 11, 2026, he exercised 15,478 Restricted Stock Units into the same number of common shares at $0.00 per share, bringing his directly held common stock to 50,654 shares.
He also received a new grant of 4,863 RSUs, which will vest on the date of the 2027 Annual General Meeting and may be settled in stock or cash at the company’s discretion. A separate entry reflects 189,936 common shares held indirectly through a grantor retained annuity trust established on June 5, 2026, for his benefit and that of his two adult children.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,478 shares exercised/converted
Mixed
4 txns
Insider
ONEAL E STANLEY
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 15,478 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 4,863 | $0.00 | -- |
| Exercise | Common Stock | 15,478 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 50,654 shares (Direct, null);
Common Stock — 189,936 shares (Indirect, By GRAT)
Footnotes (1)
- Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer common stock on a one-for-one basis. On June 5, 2026, the Reporting Person contributed 189,936 shares of the Issuer's common stock to a grantor retained annuity trust for which the Reporting Person is the trustee and for the benefit of himself and his two adult children. Each 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. These RSUs vested on the date of the 2026 Annual General Meeting of the Stockholders of the Issuer. These RSUs vest on the date of the 2027 Annual General Meeting of the Stockholders of the Issuer.
Key Figures
RSUs exercised: 15,478 shares
Exercise price: $0.00 per share
Direct common shares after exercise: 50,654 shares
+2 more
5 metrics
RSUs exercised
15,478 shares
RSUs converted into common stock on June 11, 2026
Exercise price
$0.00 per share
Price for RSU conversion into common stock
Direct common shares after exercise
50,654 shares
Direct Hut 8 common stock held following transactions
New RSU grant
4,863 RSUs
RSUs vesting on 2027 Annual General Meeting date
Indirect GRAT holdings
189,936 shares
Common stock contributed to grantor retained annuity trust on June 5, 2026
Key Terms
Restricted Stock Units, grantor retained annuity trust, contingent right, Annual General Meeting
4 terms
Restricted Stock Units financial
"Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
grantor retained annuity trust financial
"contributed 189,936 shares of the Issuer's common stock to a grantor retained annuity trust"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
contingent right financial
"Each RSU represents a contingent right to receive one share of Issuer common stock"
Annual General Meeting financial
"These RSUs vest on the date of the 2027 Annual General Meeting of the Stockholders of the Issuer"
FAQ
What did Hut 8 (HUT) director Stanley Oneal report in this Form 4?
Stanley Oneal reported equity compensation and trust-related holdings. He exercised 15,478 RSUs into common stock, accepted a new 4,863-RSU grant, and disclosed 189,936 common shares held indirectly in a grantor retained annuity trust benefiting himself and his two adult children.
What new Restricted Stock Units did Hut 8 (HUT) grant to Stanley Oneal?
Hut 8 granted Stanley Oneal 4,863 new RSUs. Each RSU represents a contingent right to receive one common share, with settlement in stock or cash at the company’s discretion, and these RSUs vest on the date of the 2027 Annual General Meeting.
Were there any open-market buys or sells of Hut 8 (HUT) stock in this Form 4?
The Form 4 shows no open-market purchases or sales. Reported activity involves RSU exercises converting into common shares, a new RSU grant, and disclosure of indirect holdings in a grantor retained annuity trust, rather than market buy or sell transactions.