Perrill Dave 4
4 · HIVE Digital Technologies Ltd. · Filed Jun 23, 2026
Research Summary
AI-generated summary of this filing
HIVE (HIVE) Director Dave Perrill Sells 175,000 Shares
What Happened
- Dave Perrill, a director of HIVE Digital Technologies Ltd., sold 175,000 common shares in an open-market transaction on June 19, 2026 for total proceeds of $820,750 (reported price $4.69/share).
- Earlier, on May 7, 2026 Perrill had 112,500 restricted share units (RSUs) convert into common shares (100,000 RSUs awarded 4/17/2025 vested 4/17/2026; 12,500 RSUs awarded 11/5/2024 vested 5/5/2026). These RSU settlements were recorded as derivative exercises/conversions with $0 consideration (non-cash settlement).
Key Details
- Transaction dates: RSU conversion/settlement — May 7, 2026; open-market sale — June 19, 2026.
- Sale price/proceeds: reported $4.69 per share; proceeds $820,750. Footnote: the shares were sold in Canadian dollars in multiple trades (C$6.589–C$6.660, weighted avg C$6.639 ≈ US$4.57 using Bank of Canada rate).
- Shares owned after transaction: not disclosed in the provided excerpt of the filing.
- Notable footnotes: F1/F3/F4 confirm these were RSUs that vested and converted one-for-one into common shares on May 7, 2026. F5 shows additional unvested RSU awards totaling 325,000 shares scheduled to vest in installments between July 8, 2026 and March 16, 2027.
- Timeliness: The May 7, 2026 RSU settlements were included in the Form 4 filed June 23, 2026 (reported late for the May events). The June 19, 2026 sale was reported on June 23, 2026 (within the typical two-business-day filing window for that sale).
Context
- The May entries reflect RSU vesting and conversion (derivative settlement) — a non‑cash event that created common shares available for sale. Some or all of the converted shares were later sold in the open market.
- No 10b5-1 plan or other trading plan is disclosed in the provided excerpt.
- This filing is informational; it reports insider activity but does not by itself indicate the insider’s motives or the company’s outlook.
Insider Transaction Report
Form 4
Perrill Dave
Director
Transactions
- Exercise/Conversion
Common Shares
[F1]2026-05-07+100,000→ 162,500 total - Exercise/Conversion
Common Shares
[F1]2026-05-07+12,500→ 175,000 total - Sale
Common Shares
[F2]2026-06-19$4.69/sh−175,000$820,750→ 0 total - Exercise/Conversion
Restricted stock units
[F1][F3]2026-05-07−100,000→ 337,500 total→ Common Stock (100,000 underlying) - Exercise/Conversion
Restricted stock units
[F1][F4][F5]2026-05-07−12,500→ 325,000 total→ Common Stock (12,500 underlying)
Footnotes (5)
- [F1]Reflects restricted share units ("RSUs") issued pursuant to the Issuer's Restricted Share Unit Plan (the "RSU Plan") that, upon vesting and settlement converted into shares of Issuer common stock on a one-for-one basis.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from C$6.589 to C$6.660, inclusive. 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 ranges set forth in this footnote. The weighted average price reported above was converted from the Canadian weighted average price of C$6.639 to USD$4.57, using an exchange rate of USD$1.00 = C$0.705, as reported by the Bank of Canada on June 19, 2026.
- [F3]Reflects 100,000 RSUs that were awarded on April 17, 2025 and vested on April 17, 2026. These RSUs were settled and converted into common shares of the Issuer on May 7, 2026, in accordance with the Issuer's RSU Plan.
- [F4]Reflects 12,500 RSUs that were awarded on November 5, 2024 and vested on May 5, 2026. These RSUs were settled and converted into common shares of the Issuer on May 7, 2026, in accordance with the Issuer's RSU Plan.
- [F5]Reflects additional RSU awards that have not vested and converted that were previously reported. The underlying shares and vesting schedules are as follows: (i) 25,000 vest in two equal installments of 12,500 on each of August 5, 2026 and November 5, 2026; (ii) 100,000 will vest on July 8, 2026; (iii) 100,000 will vest on October 31, 2026 and (iv) 100,000 will vest on March 16, 2027.
Signature
/s/ Dave Perrill|2026-06-23