Hut 8 Board Member Increases Stake to 174,188 Shares After Annual Meeting

Rhea-AI Filing Summary

William Tai, Director of Hut 8 Corp (NYSE: HUT), reported the acquisition of 18,698 shares of common stock on June 18, 2025, through the vesting of Restricted Stock Units (RSUs). The transaction was executed under transaction code 'M' (exercise or conversion of derivative security).

Following the transaction, Tai's direct ownership increased to 174,188 shares. The RSUs, which represented a contingent right to receive one share of common stock each, vested on the date of the 2025 Annual General Meeting of Stockholders. The RSUs were convertible to common stock on a one-for-one basis, with the issuer maintaining discretion to settle in either stock, cash, or a combination thereof.

The Form 4 was filed through Attorney-in-Fact Victor Semah on June 23, 2025, within the required reporting window.

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^*

TAI WILLIAM

(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		18,698	A	(1)	174,188	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	(2)	06/18/2025		M			18,698	(3)	(3)	Common Stock	18,698	$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. 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.

3. 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).
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FAQ

How many HUT shares did William Tai acquire on June 18, 2025?

William Tai acquired 18,698 shares of HUT common stock on June 18, 2025 through the vesting of Restricted Stock Units (RSUs).

What is William Tai's total HUT stock ownership after the June 2025 transaction?

Following the reported transaction, William Tai directly owns 174,188 shares of HUT common stock.

What position does William Tai hold at HUT?

William Tai serves as a Director of Hut 8 Corp., as indicated by the 'X' marked in the Director box on the Form 4.

When did William Tai's HUT RSUs vest in 2025?

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

What was the exercise price of William Tai's HUT RSUs?

The RSUs were converted to common stock at no cost ($0), as indicated in Table II of the Form 4 filing.