Perrill Dave 4

4 · HIVE Digital Technologies Ltd. · Filed Jul 1, 2026

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Updated Jul 1, 2026

HIVE Director Dave Perrill Receives 100,000 RSUs

What Happened

Dave Perrill, a director of HIVE Digital Technologies Ltd. (HIVE), was reported as receiving 100,000 restricted share units (RSUs). The Form 4 records this as a derivative conversion/exercise (code M) with an acquisition price of $0.00 — effectively an award of RSUs rather than a cash purchase.
The 100,000 RSUs were granted/awarded on June 30, 2026 and will convert one-for-one into common shares upon vesting on June 30, 2027. No immediate sale or cashless exercise is indicated.

Key Details

Transaction date: June 30, 2026; Filing date: July 1, 2026 (filed promptly the next day).
Reported acquisition: 100,000 RSUs at $0.00 (no cash paid).
Shares owned after transaction: not specified in the filing.
Notable footnotes:
- F1: RSUs convert to common shares one-for-one upon vesting.
- F2: The 100,000 RSUs awarded on June 30, 2026 vest in full on June 30, 2027.
- F3: Column 9 includes previously reported RSUs with additional vesting schedules: 25,000 (12,500 on Aug 5, 2026 and 12,500 on Nov 5, 2026); 100,000 on July 8, 2026; 100,000 on Oct 31, 2026; and 100,000 on Mar 16, 2027.

Context

This filing reflects an equity award (RSUs). RSU awards are compensation/retention tools and do not require out-of-pocket payment; they only convert to shares when they vest.
Because there was no sale or open-market purchase, the transaction is neither an immediate bullish buy nor a liquidity event; it increases potential future share ownership if vesting conditions are met.

Form 4

Period: 2026-06-30

Director

Transactions

Exercise/Conversion
Restricted Share Units
[F1][F2][F3]
2026-06-30+100,000→ 425,000 total
→ Common Stock (100,000 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 100,000 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) 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|2026-06-30

1 file