4/A//SEC Filing
Genoot Asher 4/A
Accession 0001104659-23-124088
CIK 0001964789other
Filed
Dec 5, 7:00 PM ET
Accepted
Dec 6, 8:00 PM ET
Size
8.9 KB
Accession
0001104659-23-124088
Insider Transaction Report
Form 4/AAmended
Hut 8 Corp.HUT
Genoot Asher
DirectorChief Executive Officer
Transactions
- Other
Common stock, par value $0.01 per share
2023-11-30+3,308,850→ 3,308,850 total - Award
Stock Option (right to buy)
2023-11-30+704,449→ 704,449 totalExercise: $0.39Exp: 2033-01-04→ Common Stock, par value $0.01 per share (704,449 underlying)
Footnotes (3)
- [F1]On November 30, 2023, in connection with the consummation of the business combination (the "Business Combination") by and among Hut 8 Corp. (the "Company"), U.S. Data Mining Group, Inc., a Nevada corporation ("USBTC") and Hut 8 Mining Corp., a corporation existing under the laws of British Columbia ("Hut 8"), the Reporting Person exchanged his shares of USBTC common stock for shares of the Company's Common Stock, par value $0.01 per share ("Common Stock"), at an exchange ratio of 0.6716 in accordance with the terms of the Business Combination. The acquisition of these shares pursuant to the consummation of the Business Combination were exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16b3(d) given the Business Combination, and the Reporting Person's receipt of the Company's shares, was approved and ratified by both the Company's board of directors and shareholders.
- [F2]Represents options to purchase the Company's Common Stock issued to the Reporting Person in replacement of the options (the "USBTC Options") held by the Reporting Person to purchase shares of common stock of USBTC prior to the consummation of the Business Combination on November 30, 2023. The USBTC Options were originally issued by USBTC on January 5, 2023.
- [F3]The shares vest over a four-year period which began on January 5, 2023, with 176,112 shares vesting on January 5, 2024 and the remaining shares vesting pro-rata on a monthly basis over the remaining three-year period.
Documents
Issuer
Hut 8 Corp.
CIK 0001964789
Entity typeother
Related Parties
1- filerCIK 0001999341
Filing Metadata
- Form type
- 4/A
- Filed
- Dec 5, 7:00 PM ET
- Accepted
- Dec 6, 8:00 PM ET
- Size
- 8.9 KB