Victor Semah - May 1, 2025 Form 4 Insider Report for Hut 8 Corp. (HUT)

Role
Chief Legal Officer
Signature
/s/ Victor Semah
Stock symbol
HUT
Transactions as of
May 1, 2025
Transactions value $
-$147,186
Form type
4
Date filed
5/5/2025, 07:47 PM
Previous filing
Apr 24, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Semah Victor Chief Legal Officer 1101 BRICKELL AVENUE, SUITE 1500, MIAMI /s/ Victor Semah 2025-05-05 0001875667

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HUT Common Stock Options Exercise +27.1K 27.1K May 1, 2025 Direct F1
transaction HUT Common Stock Sale -$147K -11.4K -41.93% $12.95 15.7K May 5, 2025 Direct F2, F3

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 Restricted Stock Units Options Exercise $0 -27.1K -33.33% $0.00 54.2K May 1, 2025 Common Stock 27.1K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer common stock on a one-for-one basis.
F2 Reflects shares sold to cover tax withholding obligations in connection with the vesting and settlement of RSUs, effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on September 9, 2024.
F3 The price reported in Column 4 is a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F4 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.
F5 These RSUs vest in three equal annual installments beginning on May 1, 2025.