What RSU awards related to Hut 8 (HUT) does Victor Semah have?

The filing notes a grant of 81,301 restricted stock units on May 3, 2024. These RSUs vest in three equal annual installments beginning May 1, 2025, with each RSU representing a contingent right to receive one Hut 8 common share or cash at the issuer’s discretion.

Hut 8 Corp. (HUT) CLO sells 10,518 shares after RSU vesting

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Hut 8 Corp. Chief Legal Officer Victor Semah reported RSU vesting and a related share sale. On May 1, 2026, restricted stock units representing 27,100 RSUs converted into the same number of Hut 8 common shares at $0.00 per share.

On May 4, 2026, he sold 10,518 common shares at a weighted average price of $76.8349 per share to cover tax withholding obligations in connection with this vesting, under a Rule 10b5-1 trading plan entered into on September 9, 2024. Following these transactions, he directly held 41,378 common shares. The filing also notes a prior grant of 81,301 RSUs on May 3, 2024, vesting in three equal annual installments beginning May 1, 2025.

Insider Trade Summary 10b5-1

Net Seller: 10,518 shares ($808,149)

Net Sell 3 txns

Insider Semah Victor

Role Chief Legal Officer

Sold 10,518 shs ($808K)

Type	Security	Shares	Price	Value
Sale	Common Stock	10,518	$76.8349	$808K
Exercise	Restricted Stock Units	27,100	$0.00	--
Exercise	Common Stock	27,100	$0.00	--

Holdings After Transaction: Common Stock — 41,378 shares (Direct, null); Restricted Stock Units — 27,100 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. Reflects shares sold to cover tax withholding obligations in connection with the vesting and settlement of RSUs, effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on September 9, 2024. The price reported in Column 4 is a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. 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. On May 3, 2024, the Reporting Person was granted 81,301 RSUs, vesting in three equal annual installments beginning on May 1, 2025.

Key Figures

Shares sold: 10,518 shares Sale price: $76.8349 per share RSUs converted: 27,100 RSUs +3 more

6 metrics

Shares sold 10,518 shares Common stock sold on May 4, 2026

Sale price $76.8349 per share Weighted average sale price for 10,518 shares

RSUs converted 27,100 RSUs RSUs converting to common stock on May 1, 2026

Post-transaction holdings 41,378 shares Common shares directly held after transactions

RSU grant size 81,301 RSUs Grant on May 3, 2024 vesting over three years

Net share change -10,518 shares Net buy/sell direction from transaction summary

Key Terms

Restricted Stock Units, Rule 10b5-1 trading plan, weighted average price, tax withholding obligations

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.

Rule 10b5-1 trading plan regulatory

"effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

tax withholding obligations financial

"shares sold to cover tax withholding obligations in connection with the vesting and settlement of RSUs"

Form 4 Insider Transactions: What Each Field Means →

05/04/2026 - 09:39 PM

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Semah Victor

(Last)

(First)

(Middle)

1101 BRICKELL AVENUE, SUITE 1500

(Street)

MIAMI

FLORIDA

33131

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Hut 8 Corp. [ HUT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/01/2026		M		27,100	A	⁽¹⁾	51,896	D
Common Stock	05/04/2026		S⁽²⁾		10,518	D	$76.8349⁽³⁾	41,378	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽⁴⁾	05/01/2026		M			27,100	⁽⁵⁾	⁽⁵⁾	Common Stock	27,100	$0	27,100	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. Reflects shares sold to cover tax withholding obligations in connection with the vesting and settlement of RSUs, effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on September 9, 2024.

3. The price reported in Column 4 is a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

4. 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.

5. On May 3, 2024, the Reporting Person was granted 81,301 RSUs, vesting in three equal annual installments beginning on May 1, 2025.

	/s/ Victor Semah	05/04/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Hut 8 (HUT) Chief Legal Officer Victor Semah report?

Victor Semah reported RSU vesting and a related sale. On May 1, 2026, 27,100 RSUs converted into common shares at $0.00. On May 4, 2026, he sold 10,518 common shares at a weighted average price of $76.8349 per share.

How many Hut 8 (HUT) shares did Victor Semah sell and at what price?

He sold 10,518 Hut 8 common shares. The weighted average sale price was $76.8349 per share. A footnote states he will provide full price-breakdown details upon request to the company, any security holder, or SEC staff.

Why did Hut 8 (HUT) CLO Victor Semah sell 10,518 shares?

The shares were sold to cover tax withholding obligations tied to RSU vesting and settlement. The filing specifies this sale was connected to the May 1, 2026 RSU conversion and was effected pursuant to a Rule 10b5-1 trading plan dated September 9, 2024.

How many Hut 8 (HUT) shares does Victor Semah hold after these transactions?

After the reported transactions, Victor Semah directly holds 41,378 Hut 8 common shares. This figure reflects the net position following the May 1, 2026 RSU conversion into shares and the May 4, 2026 sale of 10,518 shares to satisfy tax withholding obligations.

What does the Rule 10b5-1 trading plan reference mean in Hut 8 (HUT) Semah’s filing?

The filing says the tax-related sale was effected under a Rule 10b5-1 trading plan entered into on September 9, 2024. Such plans allow insiders to prearrange trading instructions, helping separate transaction timing from day-to-day decisions while still being fully disclosed.