Kilic Aydin 4

What Happened

• Kilic Aydin, President & CEO of HIVE Digital Technologies Ltd. (HIVE), had 450,000 restricted stock units (RSUs) settle and convert into common shares on June 5, 2026. This consists of 400,000 RSUs that vested earlier (Footnote F4) and 50,000 RSUs that vested earlier (Footnote F5). The Form 4 records these as derivative conversions (transaction code M); no cash was paid in connection with the settlement (reported $0.00).

Key Details

• Transaction date: June 5, 2026. Form filed: June 9, 2026 (filed within the standard 2 business-day window).
• Transaction type/code: Conversion/settlement of RSUs (derivative code M).
• Shares converted: 400,000 (F4) + 50,000 (F5) = 450,000 common shares.
• Price / consideration: $0.00 recorded for the conversions — these were RSU settlements, not open-market purchases or sales.
• Ownership after transaction: Not explicitly quantified in this filing.
• Related footnotes: F1 (RSUs convert one-for-one to common shares); F2–F3 note some securities are held through entities wholly owned by Mr. Kilic; F6 lists additional outstanding RSU awards and their future vesting schedule (100,000 in two installments of 50,000 on Aug 5 & Nov 5, 2026; 400,000 on Jul 8, 2026; 400,000 on Oct 31, 2026; 400,000 on Mar 16, 2027).

Context

• These transactions reflect compensation-related vesting and settlement of RSUs, not purchases or sales in the open market. Such RSU settlements are routine for executives and represent issuance of shares upon vesting rather than a directional trading signal.