HOLMES FRANK E 4
4 · HIVE Digital Technologies Ltd. · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
HIVE Exec Chairman Frank Holmes Receives 500,000 RSUs
What Happened Frank E. Holmes, Executive Chairman and Director of HIVE Digital Technologies Ltd. (HIVE), was reported as acquiring 500,000 shares via a derivative conversion (transaction code M) on June 30, 2026. The Form 4 shows the shares at $0.00 (no cash paid) because these are restricted share units (RSUs) issued under the company’s RSU Plan that convert one-for-one into common shares upon vesting. Per the filing, these 500,000 RSUs were awarded June 30, 2026 and will vest in full on June 30, 2027.
Key Details
- Transaction date: 2026-06-30; filing date: 2026-07-01 (timely).
- Transaction type/code: M — exercise/conversion of a derivative; reported as 500,000 RSUs acquired at $0.00.
- Vesting for the new award: 500,000 RSUs vest on 2027-06-30 (Footnote F2).
- Other RSUs reported (Footnote F3): 1,630,625 RSUs fully vested but not converted; 125,000 RSUs vest in two installments (62,500 on Aug 5, 2026 and 62,500 on Nov 5, 2026); 400,000 vest on July 8, 2026; 400,000 on Oct 31, 2026; and 400,000 on Mar 16, 2027.
- Shares owned after the transaction are not stated as common stock holdings in this filing; many RSUs remain outstanding and will convert to shares on their respective vesting dates.
- Footnotes: F1 explains RSUs convert 1:1 to common stock on vesting; F2 and F3 detail the new award and previously reported RSUs.
Context This filing documents a compensation award (RSUs), not an open‑market purchase or sale. RSU grants are routine executive compensation and do not necessarily indicate immediate buying or selling of stock; the awarded RSUs only become common shares if and when they vest and are settled.
Insider Transaction Report
- Exercise/Conversion
Restricted Share Units
[F1][F2][F3]2026-06-30+500,000→ 3,455,625 total→ Common Stock (500,000 underlying)
Footnotes (3)
- [F1]Reflects restricted share units (âRSUsâ) issued pursuant to the Issuerâs Restricted Share Unit Plan (the âRSU Planâ) that, upon vesting and settlement will convert into shares of the Issuerâs common stock on a one-for-one basis.
- [F2]Reflects 500,000 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) 1,630,625 RSUs are fully vested, and have not been converted into common stock, as permitted under the RSU Plan; (ii) 125,000 vest in two equal installments of 62,500 on each of August 5, 2026 and November 5, 2026; (ii) 400,000 will vest on July 8, 2026; (iii) 400,000 will vest on October 31, 2026 and (iv) 400,000 will vest on March 16, 2027.