HIVE Director Susan McGee Receives 12,500 RSU Shares

What Happened

• Susan B. McGee, a director of HIVE Digital Technologies Ltd. (HIVE), had 12,500 restricted share units (RSUs) vest and convert into 12,500 common shares on September 4, 2026. The filing reports this as a conversion/exercise of a derivative (transaction code M); no cash purchase or sale proceeds were reported.

Key Details

• Transaction date: September 4, 2026 (filed with the SEC on September 9, 2026).
• Transaction type: RSU settlement (reported as exercise/conversion of a derivative, code M).
• Shares acquired/settled: 12,500 common shares from vested RSUs; no cash paid or proceeds reported ($0.00 shown for the derivative disposition line).
• Origin of award: These 12,500 RSUs were awarded on November 5, 2024 and vested on August 5, 2026 (per filing footnote).
• Outstanding/remaining RSUs noted: additional RSU vesting schedule disclosed — 100,000 (Oct 31, 2026), 12,500 (Nov 5, 2026), 100,000 (Mar 16, 2027), and 100,000 (Jun 30, 2027).
• Filing timeliness: The Form 4 was filed five days after the transaction (Sep 9 vs Sep 4), which appears late relative to the usual two-business-day reporting requirement.

Context

• This was a standard RSU vesting and settlement into common shares, not an open-market purchase or sale. No proceeds or cashless-sale steps are reported in the filing. Such vested-to-share conversions are routine compensation events for executives and directors and do not, by themselves, indicate a buy or sell decision in the market.