Ionic Digital CFO earns 70,076 performance stock units

The earned units are scheduled to vest on March 25, 2027, subject to continued employment and the award terms.

Rhea-AI Filing Summary

Ionic Digital Inc. Chief Financial Officer Chris Hickman earned 70,076 performance-vesting restricted stock units (PRSUs) on September 29, 2026, after the compensation committee certified that the $2.5 billion threshold had been achieved.

The PRSUs are scheduled to vest on March 25, 2027, subject to continued employment and the award terms. The 2026 grant was for 210,230 PRSUs; 140,154 remain outstanding and may be earned if the applicable performance conditions are met.

Insider Trade Summary

Grant/Award: 70,076 shares

Grant/Award 1 txn

Insider Hickman Chris

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Class A common stock, par value $0.00001 per share F1, F2, F3	70,076	$0.00	$0.00

Holdings After Transaction: Class A common stock, par value $0.00001 per share — 140,153 shares (Direct)

Footnotes (3)

1. F1. Consists of performance-vesting restricted stock units (the "PRSUs") under the Ionic Digital Inc. Omnibus Incentive Plan. Each PRSU represents a contingent right to receive one share of Class A common stock of the Issuer.
2. F2. 210,230 PRSUs were granted in 2026 and may vest based on the average daily weighted stock price of the Company's Class A common stock over a 60-calendar-day period ("AWDSP") reaching certain thresholds, provided that the reporting person remains employed through the date of the achievement of the applicable threshold and for 6 months afterward (or, alternatively, under a "change of control" at certain valuation thresholds, provided that the reporting person remains employed through the date of the change in control).
3. F3. On September 29, 2026, the compensation committee of the Issuer's board of directors certified that, based on the AWDSP and the valuation methodology set forth in the PRSU award agreement, the $2.5 billion threshold had been achieved, resulting in 70,076 of these PRSUs being earned; these PRSUs are scheduled to vest on March 25, 2027, subject to the reporting person's continued employment with the Issuer and the terms of the award, as amended. The remaining 140,154 PRSUs remain outstanding and may be earned upon achievement of the applicable performance conditions.

Key Figures

PRSUs earned: 70,076 PRSUs Valuation threshold: $2.5 billion PRSUs granted: 210,230 PRSUs +1 more

4 metrics

PRSUs earned 70,076 PRSUs Earned September 29, 2026, after certification of the threshold

Valuation threshold $2.5 billion Threshold certified as achieved on September 29, 2026

PRSUs granted 210,230 PRSUs Granted in 2026

PRSUs outstanding 140,154 PRSUs May be earned upon achievement of applicable performance conditions

Key Terms

PRSUs, average daily weighted stock price, Omnibus Incentive Plan

3 terms

PRSUs financial

"Each PRSU represents a contingent right to receive one share"

A PRSU is a type of employee equity award that turns into actual company shares only if preset performance goals are met over a specified time. Think of it like a prize that only pays out when a team hits agreed targets; investors watch PRSUs because they tie management pay to results, can increase the number of shares outstanding when paid, and therefore affect shareholder value and incentives.

average daily weighted stock price financial

"based on the average daily weighted stock price of the Company's Class A common stock"

Omnibus Incentive Plan financial

"under the Ionic Digital Inc. Omnibus Incentive Plan"

An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many PRSUs did IOND CFO Chris Hickman earn?

Chris Hickman earned 70,076 PRSUs on September 29, 2026, after the compensation committee certified that the $2.5 billion threshold had been achieved.

What are the vesting conditions for IOND's PRSUs?

The 2026 grant of 210,230 PRSUs may vest based on the average daily weighted stock price reaching certain thresholds over a 60-calendar-day period. The award requires continued employment through the date a threshold is achieved and for six months afterward. Alternatively, vesting may occur under a change of control at certain valuation thresholds, provided employment continues through the change in control.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/01/2026 - 04:11 PM Accepted by SEC EDGAR 10/01/2026 - 04:11 PM Learn about SEC filing dates

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

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^*

Hickman Chris

(Last) (First) (Middle)

C/O IONIC DIGITAL INC, 650 MASSACHUSETTS

AVENUE NW, 6TH FLOOR

(Street)

WASHINGTON DISTRICT OF COLUMBIA 20001

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Ionic Digital Inc. [ IOND ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/29/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class A common stock, par value $0.00001 per share	09/29/2026		A		70,076(1)(2)(3)	A	$0	140,153	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

Explanation of Responses:

1. Consists of performance-vesting restricted stock units (the "PRSUs") under the Ionic Digital Inc. Omnibus Incentive Plan. Each PRSU represents a contingent right to receive one share of Class A common stock of the Issuer.

2. 210,230 PRSUs were granted in 2026 and may vest based on the average daily weighted stock price of the Company's Class A common stock over a 60-calendar-day period ("AWDSP") reaching certain thresholds, provided that the reporting person remains employed through the date of the achievement of the applicable threshold and for 6 months afterward (or, alternatively, under a "change of control" at certain valuation thresholds, provided that the reporting person remains employed through the date of the change in control).

3. On September 29, 2026, the compensation committee of the Issuer's board of directors certified that, based on the AWDSP and the valuation methodology set forth in the PRSU award agreement, the $2.5 billion threshold had been achieved, resulting in 70,076 of these PRSUs being earned; these PRSUs are scheduled to vest on March 25, 2027, subject to the reporting person's continued employment with the Issuer and the terms of the award, as amended. The remaining 140,154 PRSUs remain outstanding and may be earned upon achievement of the applicable performance conditions.

Remarks:

Exhibit 24.1 - Power of Attorney

	/s/ Richard Carson, as attorney-in-fact for Chris Hickman	10/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)