Hut 8 Corp. (HUT) director gains 14,775 shares through RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hut 8 Corp. director Rick Rickertsen reported equity compensation activity involving restricted stock units (RSUs) and common shares. RSUs that had vested converted into 14,775 shares of common stock on a one-for-one basis, leaving him with 14,775 common shares held directly after the transactions.
He also received a new grant of 4,372 RSUs, each representing a contingent right to one share of common stock, which will vest on the date of the 2027 Annual General Meeting of Stockholders. The filing reflects routine compensation-related RSU vesting and grants rather than any open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
14,775 shares exercised/converted
Mixed
3 txns
Insider
Rickertsen Rick
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 14,775 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 4,372 | $0.00 | -- |
| Exercise | Common Stock | 14,775 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 14,775 shares (Direct, null)
Footnotes (1)
- Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer common stock on a one-for-one basis. 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
Common shares from RSU conversion: 14,775 shares
New RSU grant: 4,372 RSUs
Total common shares held after transaction: 14,775 shares
+1 more
4 metrics
Common shares from RSU conversion
14,775 shares
RSUs converted into Hut 8 common stock on a one-for-one basis
New RSU grant
4,372 RSUs
Grant of restricted stock units linked to Hut 8 common stock
Total common shares held after transaction
14,775 shares
Direct ownership following RSU conversion
Derivative exercises
14,775 RSUs exercised
Exercise or conversion of derivative security as reported
Key Terms
Restricted Stock Units, derivative security, contingent right, Annual General Meeting
4 terms
Restricted Stock Units financial
"Reflects restricted stock units ("RSUs") that upon vesting converted into shares"
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.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"Each RSU represents a contingent right to receive one share of Issuer common stock."
Annual General Meeting financial
"These RSUs vested on the date of the 2026 Annual General Meeting of the Stockholders"
FAQ
What insider transactions did Hut 8 (HUT) director Rick Rickertsen report?
Rick Rickertsen reported RSU-related transactions, including vesting and conversion of units into common shares and a new RSU grant. These are compensation-related awards, not open-market stock purchases or sales, and reflect standard director equity compensation at Hut 8 Corp.
What new restricted stock units did Rick Rickertsen receive from Hut 8 (HUT)?
Rickertsen received a grant of 4,372 restricted stock units, each linked to one Hut 8 common share. These RSUs are part of his director compensation and will be settled in stock or cash at the issuer’s discretion upon vesting at a future annual meeting.
When will Rick Rickertsen’s new Hut 8 RSU grant vest?
The newly granted 4,372 restricted stock units will vest on the date of Hut 8’s 2027 Annual General Meeting of Stockholders. Upon vesting, they are designed to settle into common stock, cash, or a combination, at the issuer’s discretion under the plan terms.
Does Rick Rickertsen’s Hut 8 Form 4 show any stock sales on the market?
No open-market stock sales are reported. The transactions consist of RSU vesting that converted into common shares and a new RSU grant. These awards are routine equity-based compensation rather than discretionary buying or selling of Hut 8 shares in the market.