Glennan Sean Joseph 4

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.