Michael Ho - 26 Mar 2024 Form 4 Insider Report for Hut 8 Corp. (HUT)

Role: Chief Strategy Officer, Director
Signature: /s/ Asher Genoot, as Attorney-in-Fact
Issuer symbol: HUT
Transactions as of: 26 Mar 2024
Net transactions value: $0
Form type: 4
Filing time: 28 Mar 2024, 19:20:11 UTC
Previous filing: 04 Dec 2023
Next filing: 12 Sep 2025
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HUT	Performance Stock Units	Award	$0	+481,348		$0.000000	481,348	26 Mar 2024	Common Stock	481,348		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each performance stock unit ("PSU") represents a contingent right to receive one share of Issuer common stock. The PSUs will be settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.
F2	The number of PSUs reported represents the target number awarded on the grant date. The number of PSUs that vest will range from 0% to 200% of the target amount shown based upon the achievement of certain stock price criteria set forth in the PSU agreement during the period commencing on March 26, 2025 and ending on March 26, 2027. Any PSUs that become eligible to vest based on the performance of the Issuer's common stock will vest as of March 26, 2027.

Content

Each performance stock unit ("PSU") represents a contingent right to receive one share of Issuer common stock. The PSUs will be settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.

The number of PSUs reported represents the target number awarded on the grant date. The number of PSUs that vest will range from 0% to 200% of the target amount shown based upon the achievement of certain stock price criteria set forth in the PSU agreement during the period commencing on March 26, 2025 and ending on March 26, 2027. Any PSUs that become eligible to vest based on the performance of the Issuer's common stock will vest as of March 26, 2027.