[Form 4] Hut 8 Corp. Insider Trading Activity

Rhea-AI Filing Summary

A director of Hut 8 Corp., Amy Marie Wilkinson, was awarded 15,713 restricted stock units (RSUs) on 08/06/2025, each representing a contingent right to one share of the issuer's common stock. The RSUs will vest on the date of the 2026 Annual General Meeting of stockholders and may be settled in common stock, cash, or a combination at the issuer's discretion. Following the reported transaction, Wilkinson is shown as beneficial owner of 15,713 RSUs/underlying shares in a direct ownership form. This Form 4 reports the change in beneficial ownership associated with that grant.

Positive

• 15,713 RSUs granted to a director, providing clear alignment between management and shareholder outcomes
• Vesting tied to the 2026 Annual General Meeting, which links compensation to continued service and shareholder events
• RSUs documented as direct beneficial ownership on the Form 4, ensuring transparency under Section 16 reporting

Negative

• Potential dilution of up to 15,713 shares if the RSUs are settled in common stock
• Settlement discretion (stock or cash) creates uncertainty about whether dilution or a cash outlay will occur

Insights

Financial Analyst

TL;DR: Director Amy Wilkinson received 15,713 RSUs vesting at the 2026 AGM; this is a routine equity-based director grant with limited immediate cash impact.

The award creates a contingent claim on up to 15,713 common shares, with no exercise price indicated for the RSUs and settlement subject to the issuer's choice of stock or cash. If settled in stock, the company could issue up to 15,713 shares, which is the direct dilution exposure from this grant. The cash-settlement option shifts dilution risk to potential cash outflow instead of share issuance. The disclosure is standard Form 4 reporting of insider compensation and does not itself reveal operating performance or large capital changes.

Corporate Governance Expert

TL;DR: Grant vests at the next annual meeting, aligning the director's interests with shareholders through time-based retention.

Vesting tied to the 2026 Annual General Meeting indicates a retention and alignment design for director compensation. The issuer's discretion to settle in stock or cash provides flexibility but creates uncertainty about actual dilution versus cash expense. The filing shows direct beneficial ownership of the RSUs by the director and fulfills Section 16 reporting obligations; there are no disclosed unusual acceleration, transfer, or derivative features beyond the settlement choice and vesting schedule.

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^*

Wilkinson Amy Marie

(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		15,713		(2)	(2)	Common Stock	15,713	$0	15,713	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 did Hut 8 (HUT) reporting person Amy Marie Wilkinson receive?

She was granted 15,713 restricted stock units (RSUs), each representing a contingent right to one share of common stock.

When do the RSUs vest for Amy Wilkinson?

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

How can Hut 8 settle the RSUs awarded to Wilkinson?

The RSUs may be settled in common stock, cash, or a combination at the issuer's discretion.

Does the Form 4 show Wilkinson's ownership after the grant?

Yes; the Form 4 reports Wilkinson as the beneficial owner of 15,713 RSUs/underlying shares in a direct ownership form.

What is the transaction date for the RSU grant on the Form 4?

The transaction date reported is 08/06/2025.