Perrill Dave 4

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.