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

Role: Chief Strategy 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
Filing time: 04 Nov 2025, 19:58:35 UTC
Previous filing: 12 Sep 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Ho Michael	Chief Strategy Officer, Director	1101 BRICKELL AVENUE, SUITE 1500, MIAMI	/s/ Victor Semah, as Attorney-in-Fact	04 Nov 2025	0001999337

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	+505,789		$0	505,789	02 Nov 2025	Common Stock	505,789		Direct	F1, F2
transaction	HUT	Performance Stock Units	Award	$0	+505,789		$0	505,789	02 Nov 2025	Common Stock	505,789		Direct	F1, F3

* 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. 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 of control).
F3	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 of control).