Hut 8 Board Member Mayo Shattuck Increases Stake as RSUs Convert to Common Stock

Rhea-AI Filing Summary

Form 4 Filing Details: Director Mayo A. Shattuck III of Hut 8 Corp (HUT) reported the vesting of Restricted Stock Units (RSUs) on June 18, 2025. The transaction involved the conversion of 19,602 RSUs into an equal number of common shares upon vesting, which occurred at the 2025 Annual General Meeting of Stockholders.

Following the transaction, Shattuck now directly owns 92,992 shares of Hut 8 common stock. The RSUs were settled on a one-for-one basis, with the company maintaining discretion to settle in either common stock, cash, or a combination thereof. The transaction was executed under transaction code 'M' (exercise or conversion of derivative security).

This insider transaction represents a scheduled vesting event rather than an open market purchase or sale, indicating a standard component of director compensation rather than a discretionary trading decision.

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^*

SHATTUCK MAYO A III

(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, par value $0.01 per share	06/18/2025		M		19,602	A	(1)	92,992	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			19,602	(3)	(3)	Common Stock	19,602	$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.
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FAQ

How many HUT shares did Director Mayo Shattuck III acquire on June 18, 2025?

According to the Form 4 filing, Director Mayo Shattuck III acquired 19,602 shares of HUT common stock on June 18, 2025, through the vesting of Restricted Stock Units (RSUs).

What is Mayo Shattuck III's total HUT stock ownership after the June 18, 2025 transaction?

Following the reported transaction, Mayo Shattuck III directly owned 92,992 shares of HUT common stock.

What was the exercise price of HUT RSUs that vested for Mayo Shattuck III?

The RSUs were converted to common stock at no cost ($0) to Mayo Shattuck III. The RSUs vested automatically and were converted to shares on a one-for-one basis.

When did Mayo Shattuck III's HUT RSUs vest in 2025?

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

What is Mayo Shattuck III's role at HUT?

According to the Form 4 filing, Mayo Shattuck III serves as a Director of Hut 8 Corp.