Perrill Dave 4

What Happened

• Perrill Dave, a director of HIVE Digital Technologies Ltd. (HIVE), had 100,000 restricted share units (RSUs) convert into common shares on July 9, 2026. The Form 4 shows an exercise/conversion (transaction code M) resulting in 100,000 shares acquired (no dollar price reported).
• The filing also lists a related derivative entry reporting 100,000 shares disposed at $0.00. The filing’s footnotes explain these entries reflect RSU settlement rather than an open-market sale; no cash proceeds are shown.

Key Details

• Transaction date: July 9, 2026; Form 4 filed July 13, 2026 (filed within the required reporting window).
• Reported transactions: 100,000 shares acquired via conversion/settlement of RSUs; corresponding 100,000-share derivative disposition reported at $0.00.
• Cash value: No purchase price or sale proceeds reported for these entries.
• Footnotes:
  • F1: RSUs convert to common shares on a one-for-one basis under the Issuer’s RSU Plan.
  • F2: The 100,000 RSUs were awarded July 8, 2025, vested July 8, 2026, and were settled/converted to common shares on July 9, 2026.
  • F3: Additional outstanding RSUs with future vesting dates are listed (25,000 and several 100,000 tranches with various 2026–2027 vesting dates).
• Shares owned after the transaction: Not specified in the provided filing excerpt.

Context

• This was not an open-market purchase or sale; it reflects RSU vesting and settlement. The $0.00 disposal line is consistent with RSU settlement mechanics (as footnoted) rather than a market sale.
• For retail investors, RSU settlements are routine compensation events and do not by themselves indicate a buy/sell signal from the insider’s market sentiment.