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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 18,698 | $0.00 | -- |
| Exercise | Common Stock | 18,698 | $0.00 | -- |
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 are 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 2025 Annual General Meeting of the Stockholders of the Issuer.