Daubaras Darcy 4
4 · HIVE Digital Technologies Ltd. · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
HIVE CFO Daubaras Darcy Receives 400,000 RSU Award
What Happened
Daubaras Darcy, Chief Financial Officer of HIVE Digital Technologies Ltd., was reported on Form 4 as acquiring 400,000 restricted share units (RSUs) on 2026-06-30. The reported acquisition shows a $0.00 per-share price (no cash exchanged) because these are RSUs that convert into common shares on a one-for-one basis upon vesting.
Key Details
- Transaction date: 2026-06-30; Form 4 filed 2026-07-01 (timely filing).
- Transaction type: Derivative conversion/award (code M) — 400,000 RSUs acquired at $0.00 (value $0 at grant).
- Vesting: The 400,000 RSUs were awarded on 2026-06-30 and will vest in full on 2027-06-30 (Footnote F2).
- Shares/RSUs reported after transaction: the filing’s Column 9 aggregates RSUs and vested-but-unconverted units totaling 1,865,625 underlying shares (breakdown in Footnote F3). Notably, 728,125 RSUs are vested but have not been converted into common stock.
- Footnotes: F1 explains RSUs convert one-for-one into common shares; F3 lists additional RSU vesting schedules (37,500; 200,000 on 7/8/2026; 200,000 on 10/31/2026; 300,000 on 3/16/2027).
- No sale or cashless exercise reported — this is an award/issuance rather than a market transaction.
Context
RSUs are grants that become actual shares only after vesting; they do not represent an immediate purchase or sale. Because many of these RSUs vest at later dates (and some are already vested but unconverted), the filing documents potential future stock issuance to the insider rather than an immediate market transaction. This is routine executive compensation disclosure, not an open-market buy or sell.
Insider Transaction Report
- Exercise/Conversion
Restricted Share Units
[F1][F2][F3]2026-06-30+400,000→ 1,865,625 total→ Common Stock (400,000 underlying)
Footnotes (3)
- [F1]Reflects restricted share units ("RSUs") issued pursuant to the Issuer's Restricted Share Unit Plan (the "RSU Plan") that, upon vesting and settlement will convert into shares of the Issuer's common stock on a one-for-one basis.
- [F2]Reflects 400,000 RSUs that were awarded on June 30, 2026 and will vest in full on June 30, 2027.
- [F3]In addition to the RSUs awarded on June 30, 2026, the RSUs reported under Column 9 include RSUs that were previously reported. The underlying shares and vesting schedules are as follows: (i) 728,125 RSUs are vested in full, but have not been converted into common stock, as permitted under the RSU Plan; (ii) 37,500 vest in two equal installments of 18,750 on each of August 5, 2026 and November 5, 2026; (iii) 200,000 will vest on July 8, 2026; (iii) 200,000 will vest on October 31, 2026 and (iv) 300,000 will vest on March 16, 2027.