Kilic Aydin 4

What Happened

• Kilic Aydin, President & CEO of HIVE Digital Technologies Ltd. (HIVE), had 400,000 restricted share units (RSUs) that vested and were settled into 400,000 common shares on July 10, 2026. The conversion is reported as a derivative exercise/conversion (Form 4 code M) and is recorded at $0.00 — i.e., no cash purchase price was paid on settlement. This was not an open‑market purchase or sale.

Key Details

• Transaction date: July 10, 2026; Form 4 filed July 14, 2026 (timely within the two-business-day reporting window).
• Transaction type/code: RSU vesting and settlement (derivative conversion; code M).
• Shares settled/issued: 400,000 common shares; reported at $0.00 per share.
• Ownership after transaction: The filing does not state total post-transaction beneficial ownership. Footnotes indicate the resulting securities are owned by Akilic Ventures Ltd. and Unimage Enterprises Ltd., corporations wholly owned by Mr. Kilic.
• Notable footnotes:
  • F1–F2: These were RSUs awarded July 8, 2025, fully vested July 8, 2026, and settled July 10, 2026 into common shares on a one-for-one basis.
  • F3–F4: Some or all resulting shares are held by two companies wholly owned by Mr. Kilic.
  • F5: Additional RSUs remain outstanding with future vesting (100,000 in two installments Aug 5 & Nov 5, 2026; 400,000 on Oct 31, 2026; 400,000 on Mar 16, 2027; 500,000 on Jun 30, 2027).

Context

• This filing reflects RSU vesting and settlement — a routine issuance of shares to an insider upon vesting — not a market purchase or sale. No immediate sale of the vested shares is reported. The transaction is typically compensation-related rather than a direct signal of buying or selling intent.