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Hut 8 (HUT) CFO cashes out 6,445 shares tied to RSU vesting

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Hut 8 Corp. (HUT) reported insider equity activity by Chief Financial Officer Sean Joseph Glennan. On August 21, 2026, he exercised 12,355 RSUs, receiving an equal number of common shares at a stated price of $0.00 per share. The RSUs each represent a contingent right to one share and vest in three equal annual installments beginning August 21, 2025, and may be settled in stock or cash at the issuer’s discretion. On August 24, 2026, he sold 5,807 shares at a weighted-average price of $78.70 and 638 shares at $79.33, with the filing stating these sales were to cover tax withholding obligations related to RSU vesting and were effected pursuant to a Rule 10b5-1 trading plan entered into on September 9, 2024.

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Insights

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Insider Glennan Sean Joseph
Role Chief Financial Officer
Sold 6,445 shs ($508K)
Approx. gross sale proceeds $508K
Type Security Shares Price Value
Sale Common Stock F2, F3 5,807 $78.70 $457K
Sale Common Stock F2 638 $79.33 $51K
Exercise Restricted Stock Units F4, F5 12,355 $0.00 $0.00
Exercise Common Stock F1 12,355 $0.00 $0.00
Holdings After Transaction: Restricted Stock Units — 12,355 shares (Direct); Common Stock — 17,978 shares (Direct)
Footnotes (5)
  1. F1. Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer common stock on a one-for-one basis.
  2. F2. 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. F3. 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. F4. 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. F5. These RSUs vest in three equal annual installments beginning on August 21, 2025.
Shares sold 5,807 shares Common stock sold on August 24, 2026
Sale price $78.70 per share Weighted-average price for 5,807 shares sold on August 24, 2026
Additional shares sold 638 shares Common stock sold on August 24, 2026 in a separate transaction
Additional sale price $79.33 per share Price for 638 shares sold on August 24, 2026
RSUs exercised 12,355 RSUs RSUs exercised or converted into common stock on August 21, 2026
RSU vesting schedule Three equal annual installments beginning August 21, 2025 Vesting terms of reported RSUs
10b5-1 plan adoption date September 9, 2024 Date the CFO entered into the Rule 10b5-1 trading plan
Restricted Stock Units financial
"Reflects restricted stock units ("RSUs") that upon vesting converted"
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"
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"
contingent right financial
"Each RSU represents a contingent right to receive one share"

FAQ

What insider transactions did HUT’s CFO report on this Form 4?
Hut 8 Corp.’s CFO Sean Joseph Glennan reported exercising 12,355 RSUs into common stock on August 21, 2026, and selling 6,445 common shares in two transactions on August 24, 2026, as disclosed in the Form 4.

How many Hut 8 (HUT) shares did the CFO sell and at what prices?
On August 24, 2026, the CFO sold 5,807 Hut 8 common shares at a weighted-average price of $78.70 per share and 638 shares at $79.33 per share, according to the Form 4 filing.

Were the HUT share sales made under a Rule 10b5-1 trading plan?
Yes. A footnote states the Hut 8 CFO’s sales were effected pursuant to a Rule 10b5-1 trading plan entered into on September 9, 2024, in connection with RSU vesting and settlement.

Why did the Hut 8 (HUT) CFO sell shares on August 24, 2026?
The filing discloses that the shares sold on August 24, 2026 were to cover tax withholding obligations related to the vesting and settlement of RSUs, and were executed pursuant to a Rule 10b5-1 trading plan.

What are the terms of the RSUs reported by HUT’s CFO?
Each reported RSU represents a contingent right to receive one share of Hut 8 common stock, and may be settled in stock or cash at the company’s discretion. A footnote states these RSUs vest in three equal annual installments beginning on August 21, 2025.

How many RSUs did the Hut 8 CFO exercise in this Form 4?
The Form 4 shows the CFO exercised 12,355 Restricted Stock Units on August 21, 2026, converting them into 12,355 shares of Hut 8 common stock at a stated price of $0.00 per share.

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SEC Form 4
FORM 4UNITED 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*
Glennan Sean Joseph
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/21/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock08/21/2026M12,355A$0(1)24,423D
Common Stock08/24/2026S(2)5,807D$78.7(3)18,616D
Common Stock08/24/2026S(2)638D$79.3317,978D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(4)08/21/2026M12,355 (5) (5)Common Stock12,355$012,355D
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. These RSUs vest in three equal annual installments beginning on August 21, 2025.
/s/ Victor Semah, as Attorney-in-Fact08/25/2026
** Signature of Reporting PersonDate
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