Rickertsen Rick 4

What Happened

• Rickertsen Rick, a director of Hut 8 Corp. (HUT), sold a total of 33,987 common shares in two open-market transactions: 16,496 shares on 2026-05-11 at $105.00 each for $1,732,080, and 17,491 shares on 2026-05-13 at $110.00 each for $1,924,010. Total proceeds were approximately $3,656,090. These were sales (code S) reported on a Form 4.

Key Details

• Transaction dates and amounts:
  • 2026-05-11: 16,496 shares sold @ $105.00 — $1,732,080
  • 2026-05-13: 17,491 shares sold @ $110.00 — $1,924,010
• Total shares sold: 33,987; total proceeds: ~$3.66M.
• Shares owned after the transactions: not specified in the provided filing summary.
• Footnotes in the filing:
  • F1: DSUs (deferred stock units) represent rights to one share each; vested and will settle in stock or cash upon separation.
  • F2: RSUs represent rights to one share each; will settle in stock or cash at issuer's discretion.
  • F3: Certain RSUs vest on the date of the 2026 Annual General Meeting.
• Filing timeliness: Form 4 was filed 2026-05-13; that appears to be a timely filing for the reported transactions. No 10b5‑1 trading plan or other special arrangement was disclosed in the provided excerpt.

Context

• These were open-market sales (routine dispositions). Sales do not necessarily indicate management’s view of the company; purchases tend to be more materially informative about insider sentiment.