Kilic Aydin 4

What Happened

• Kilic Aydin, President & CEO of HIVE Digital Technologies Ltd. (HIVE), was reported as acquiring 500,000 derivative units on June 30, 2026. The Form 4 records this as a conversion/exercise (code M) at $0.00 — effectively an award of restricted share units (RSUs) rather than a cash purchase. These RSUs convert into common shares on a one-for-one basis upon vesting; the 500,000 award vests in full on June 30, 2027.

Key Details

• Transaction date: 2026-06-30; filing date: 2026-07-01 (timely).
• Reported price: $0.00; immediate value recorded as $0 (award/derivative).
• Vesting: the 500,000 RSUs vest 100% on June 30, 2027 (Footnote F2).
• Related previously reported RSUs: filing notes additional RSUs that vest as follows — 100,000 (50k on Aug 5, 2026 and 50k on Nov 5, 2026), 400,000 on July 8, 2026, 400,000 on Oct 31, 2026, and 400,000 on Mar 16, 2027 (Footnote F3). Combined with the new grant, those RSUs total 1,800,000 RSUs disclosed in the filing details.
• Ownership: the securities are owned by Akilic Ventures Ltd., a company wholly owned by Mr. Kilic (Footnote F4).
• No indication of an immediate sale or cashless exercise; these are time‑based awards, not open‑market trades.

Context

• These RSUs are awards that convert to common shares only upon vesting; they are not immediate market purchases or sales and thus do not necessarily signal immediate buying/selling intent. The Form 4 uses a conversion/exercise code but the footnotes clarify these are RSUs granted under the company’s RSU plan.