Glennan Sean Joseph 4
4 · Hut 8 Corp. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Hut 8 (HUT) CFO Sean Glennan Sells 4,625 Shares
What Happened
Sean (Glennan) Joseph, Chief Financial Officer of Hut 8 Corp. (HUT), had 10,398 restricted stock units (RSUs) vest on March 7, 2026, which converted one-for-one into 10,398 shares. On March 10, 2026 he sold 4,625 of those shares in an open-market transaction at a weighted-average price of $49.05, generating proceeds of about $226,871. The RSU conversion is reported as a derivative conversion (code M) with no cash value on conversion.
Key Details
- Transaction dates: RSU vest/convert on 2026-03-07; sale on 2026-03-10. Filing date: 2026-03-10.
- Sale: 4,625 shares at $49.05 (weighted average) — proceeds ≈ $226,871. (F3: weighted-average price; breakdown available on request.)
- Vesting/Conversion: 10,398 RSUs converted to 10,398 shares (F1, F4). The derivative entry shows the RSUs terminated on conversion (reported as disposed at $0).
- Shares retained from this vesting: 10,398 − 4,625 = 5,773 shares remained after the sale. The filing does not disclose the reporting person’s total post-transaction beneficial ownership.
- Tax/plan details: The share sale was to cover tax-withholding obligations in connection with the RSU vesting and was effected pursuant to a Rule 10b5-1 trading plan (F2).
- Grant context: These RSUs came from a 31,192-RSU grant on April 23, 2025 that vests in three equal annual installments beginning March 7, 2026 (F5).
Context: This event is a routine vesting + sell-to-cover tax withholding rather than a fresh buy. The RSUs vested and were converted into shares; a portion was sold under a pre-established 10b5-1 plan to satisfy tax obligations. The filing provides factual transaction details; it does not state any change in company guidance or indicate the insider’s future trading intentions.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-07+10,398→ 16,693 total - Sale
Common Stock
[F2][F3]2026-03-10$49.05/sh−4,625$226,871→ 12,068 total - Exercise/Conversion
Restricted Stock Units
[F4][F5]2026-03-07−10,398→ 20,794 total→ Common Stock (10,398 underlying)
Footnotes (5)
- [F1]Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer common stock on a one-for-one basis.
- [F2]Reflects shares sold to cover tax withholding obligations in connection with the vesting and settlement of RSUs, effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on September 9, 2024.
- [F3]The price reported in Column 4 is a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- [F4]Each RSU represents a contingent right to receive one share of Issuer common stock. The RSUs are settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.
- [F5]On April 23, 2025, the Reporting Person was granted 31,192 RSUs, vesting in three equal annual installments beginning on March 7, 2026.