HOLMES FRANK E 4

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.