Ionic Digital (IOND) GC Richard M. Carson Receives 46,545-Share Award

What Happened
Richard M. Carson, General Counsel of Ionic Digital, was credited with 46,545 performance-vesting restricted stock units (PRSUs) on 2026-09-29. The Form 4 reports these units as acquired at $0.00 (award/grant), so the reported acquisition value is $0. The PRSUs were certified as earned after the company’s AWDSP-based performance test hit a $2.5 billion threshold; the earned PRSUs are set to vest on March 25, 2027, subject to Mr. Carson’s continued employment and the award terms.

Key Details

• Transaction date: 2026-09-29; Filing date: 2026-10-01 (filed within the typical 2-business-day window).
• Transaction type/code: A — Award/Acquisition of PRSUs; Price reported: $0.00; Units earned: 46,545.
• Shares owned after transaction: Not specified in the Form 4.
• Related awards: 139,636 PRSUs were granted in 2026 in total; 46,545 were earned at the $2.5B threshold and 93,091 PRSUs remain outstanding and contingent on future performance thresholds (or certain change-of-control scenarios).
• Vesting: Earned PRSUs scheduled to vest March 25, 2027, subject to continued employment and award terms.
• Exhibit: 24.1 Power of Attorney noted on the filing.

Context
PRSUs are contingent rights to receive shares if performance conditions are met; they are not immediately traded shares. This filing records certification that a performance threshold was met (an internal milestone), not a cash purchase or sale. For retail investors, such awards signal that management performance targets were reached per the plan’s metrics, but they do not by themselves indicate insider buying or selling of stock.