Asher Genoot - 02 Nov 2025 Form 4 Insider Report for Hut 8 Corp. (HUT)

Role: Chief Executive Officer, Director
Signature: /s/ Victor Semah, as Attorney-in-Fact
Issuer symbol: HUT
Transactions as of: 02 Nov 2025
Transactions value $: $0
Form type: 4
Date filed: 04 Nov 2025, 19:53
Previous filing: 12 Sep 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Genoot Asher	Chief Executive Officer, Director	1101 BRICKELL AVENUE, SUITE 1500, MIAMI	/s/ Victor Semah, as Attorney-in-Fact	2025-11-04	0001999341

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	Award	$0	+2.34M		$0.00	2.34M	02 Nov 2025	Common Stock	2.34M		Direct	F1, F2
transaction	HUT	Performance Stock Units	Award	$0	+506K		$0.00	506K	02 Nov 2025	Common Stock	506K		Direct	F3, F4
transaction	HUT	Performance Stock Units	Award	$0	+506K		$0.00	506K	02 Nov 2025	Common Stock	506K		Direct	F3, F5

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents a contingent right to receive one share of Issuer common stock. The RSUs will be settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.
F2	These RSUs shall vest on January 1, 2029, subject to the Reporting Person's continued employment through the vesting date. The Reporting Person will be required to hold the vested shares for a period of two years following the vesting date (unless the RSUs vested in connection with a change in control).
F3	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.
F4	The number of PSUs reported represents the target number awarded on the grant date. Vesting of the PSUs is contingent on the achievement of defined value levels for the shares of common stock of American Bitcoin Corp., a majority owned subsidiary of the Issuer, owned by the Issuer as of the grant date. The number of PSUs that vest will range from 0% to 300% of the target amount shown based the applicable performance levels achieved, provided that the Reporting Person remains employed by the Issuer through such vesting date. The PSUs' performance measurement period begins on December 3, 2026 and ends four years after grant date with measurement and potential vest dates on a quarterly basis or on the final day of the relevant measurement period. Once the PSUs have vested, the shares of the Issuer's common stock received must generally be held by the Reporting Person for a period of two years following the vesting date (unless the PSUs vested in connection with a change in control).
F5	The number of PSUs reported represents the target number awarded on the grant date. Vesting of the PSUs is contingent on the achievement of defined market capitalization levels for the Issuer. The number of PSUs that vest will range from 0% to 300% of the target amount shown based the applicable performance level achieved, provided that the Reporting Person remains employed by the Issuer through such vesting date. The PSUs' performance measurement period begins twelve months after grant date and ends four years after grant date with measurement and potential vest dates on a quarterly basis or on the final day of the relevant measurement period. Once the PSUs have vested, the shares of the Issuer's common stock received must generally be held by the Reporting Person for a period of two years following the vesting date (unless the PSUs vested in connection with a change in control).