Crypto Miner Hut 8's Director Strengthens Position with Major Share Acquisition

Rhea-AI Filing Summary

Hut 8 Corp director E. Stanley O'Neal reported changes in beneficial ownership on June 18, 2025. The transaction involved the conversion of 18,396 Restricted Stock Units (RSUs) into common stock shares upon vesting, which occurred at the 2025 Annual General Meeting of Stockholders.

Following the transaction, O'Neal directly owns 225,112 shares of common stock. This total includes 189,936 shares previously held indirectly through JHS Bitcoin Mining LLC, which were distributed to O'Neal on March 7, 2025 in a Rule 16a-13 exempt transaction.

Key details:

• Transaction Code: M (Exercise or conversion of derivative security)
• RSUs converted on a one-for-one basis to common stock
• RSUs had $0 exercise price
• All securities are now held in direct ownership

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^*

ONEAL E STANLEY

(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)
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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/18/2025		M		18,396	A	(1)	225,112(2)	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	(3)	06/18/2025		M			18,396	(4)	(4)	Common Stock	18,396	$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. Includes 189,936 shares of common stock previously indirectly owned by the Reporting Person through JHS Bitcoin Mining LLC, which were distributed to the Reporting Person on March 7, 2025 in a transaction exempt from Section 16 of the Exchange Act pursuant to Rule 16a-13 thereunder.

3. 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.

4. 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.
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FAQ

How many HUT shares did Director E. Stanley O'Neal acquire on June 18, 2025?

Director E. Stanley O'Neal acquired 18,396 shares of HUT common stock on June 18, 2025 through the vesting of Restricted Stock Units (RSUs).

What is E. Stanley O'Neal's total HUT stock ownership after the June 2025 transaction?

Following the reported transaction, E. Stanley O'Neal beneficially owns 225,112 shares of HUT common stock directly. This includes 189,936 shares previously held indirectly through JHS Bitcoin Mining LLC that were distributed to him on March 7, 2025.

When did HUT director O'Neal's RSUs vest in 2025?

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

What type of settlement options does HUT have for its RSUs?

According to the filing, HUT's RSUs can be settled in either common stock, cash, or a combination of both at the discretion of the issuer. Each RSU represents a contingent right to receive one share of HUT common stock.

How many derivative securities (RSUs) does O'Neal have remaining after the June 2025 transaction?

Following the conversion of 18,396 RSUs to common stock, O'Neal has 0 derivative securities (RSUs) remaining, as shown in column 9 of Table II in the Form 4 filing.