Hut 8 Corp. (HUT) CLO exercises RSUs, sells shares for tax withholding

Rhea-AI Filing Summary

Hut 8 Corp. Chief Legal Officer Victor Semah reported routine equity compensation activity. On March 7, 2026, previously granted RSUs vested and were converted into 14,556 shares of common stock on a one-for-one basis at no cost. On March 10, 2026, he sold 5,498 common shares at a weighted average price of $49.0532 per share to cover tax withholding obligations, with the trades executed under a pre-arranged Rule 10b5-1 trading plan. Following these transactions, he directly holds 24,796 common shares. A separate grant of 43,668 RSUs is scheduled to vest in three equal annual installments beginning on March 7, 2026.

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

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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).

X

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 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/07/2026

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	03/07/2026		M		14,556	A	(1)	30,294	D
Common Stock	03/10/2026		S(2)		5,498	D	$49.0532(3)	24,796	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	(4)	03/07/2026		M			14,556	(5)	(5)	Common Stock	14,556	$0	29,112	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 April 23, 2025, the Reporting Person was granted 43,668 RSUs, vesting in three equal annual installments beginning on March 7, 2026.

	/s/ Victor Semah	03/10/2026
	** 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.

FAQ

What did Hut 8 (HUT) Chief Legal Officer Victor Semah report in this Form 4?

Victor Semah reported RSU vesting and a related share sale. 14,556 RSUs converted into common stock, and 5,498 shares were sold to cover tax withholding obligations under a pre-arranged Rule 10b5-1 trading plan.

How many Hut 8 (HUT) shares did the CLO sell and at what price?

He sold 5,498 shares of Hut 8 common stock. The weighted average sale price was $49.0532 per share, with exact price breakdowns available upon request from the company, security holders, or SEC staff.

Why were Hut 8 (HUT) shares sold in this insider transaction?

The shares were sold solely to cover tax withholding obligations from RSU vesting. Footnotes state the sale was tied to the settlement of RSUs and effected under a pre-arranged Rule 10b5-1 trading plan entered into on September 9, 2024.

How many Hut 8 (HUT) shares does the CLO hold after these transactions?

After the reported transactions, Victor Semah directly holds 24,796 shares of Hut 8 common stock. This reflects his position following the RSU conversion into 14,556 shares and the sale of 5,498 shares for tax withholding purposes.

What RSU activity did Hut 8 (HUT) disclose for its Chief Legal Officer?

Previously granted RSUs vested and converted into 14,556 common shares on March 7, 2026. Each RSU represents a contingent right to one share and is settled in stock or cash at Hut 8’s discretion according to the footnotes.

Does the Hut 8 (HUT) Form 4 mention any future RSU vesting for the CLO?

Yes. The filing notes a grant of 43,668 RSUs to the CLO on April 23, 2025. These RSUs are scheduled to vest in three equal annual installments beginning on March 7, 2026, providing additional potential equity compensation over time.