Daubaras Darcy 4

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.