Tavares Craig 4

What Happened

• Craig Tavares, BUZZ HPC‑President & COO of HIVE Digital Technologies Ltd. (HIVE), reported conversion/exercise of derivative securities (RSUs) on May 1, 2026. He settled 100,000, 25,000 and 50,000 restricted stock units (total 175,000) into common shares at $0 per share (no cash paid on settlement). The Form 4 also shows a reported acquisition/recording of 200,000 derivative securities (reported at $0) related to RSU awards/holdings.
• The filing uses code M (exercise/conversion of derivative securities). The three $0.00 “disposed” derivative entries correspond to cancellation/settlement of vested RSUs when converted into common shares; the acquired $0 entries reflect the shares received and other RSU awards/holdings recorded.

Key Details

• Transaction date: May 1, 2026. Form 4 filed: July 2, 2026 (filed more than two business days after the transaction — appears late relative to the normal 2‑business‑day reporting window).
• Quantities and prices (all $0.00): acquired 100,000; 25,000; 50,000; and 200,000 (derivative/share entries). Disposed (derivative cancellation) 100,000; 25,000; 50,000 — these dispositions reflect RSUs converted to shares.
• Footnotes: F3–F5 confirm the 100,000, 25,000, and 50,000 RSUs had vested earlier and were settled/converted into common shares on May 1, 2026. F2 notes some securities are held by 12832577 Canada Inc., a company wholly controlled by Mr. Tavares. F6 and F7 list additional RSU awards/outstanding schedules (e.g., a 200,000 award with later vesting and other RSU vesting dates).
• Shares owned after transaction: the filing excerpt does not state a simple total share ownership number, but Column 9/footnotes list remaining RSUs and vesting schedules (examples in F7: 200,000 vesting in two installments of 100,000 on Nov 5, 2026 & Nov 5, 2027; 50,000 on Jul 8, 2026; 70,000 on Oct 31, 2026; 70,000 on Mar 16, 2027).

Context

• These entries reflect RSU vesting and settlement (equity compensation) rather than an open‑market buy or sell. Converting RSUs to shares at $0 is typical for vested unit settlement — not a purchase financed by the executive and not an outright market sale.
• Because the Form 4 was filed well after the May 1, 2026 transactions, retail investors should note the late filing; late filings do not change the factual record but can delay public disclosure of insider activity.