Glennan Sean Joseph 4

What Happened

• Sean Glennan, Chief Financial Officer of Hut 8 Corp., was granted 27,229 restricted stock units (RSUs) on June 11, 2026. The award is recorded at $0.00 per share (a compensation grant/derivative award); total reported cash value on the Form 4 is $0.
• These RSUs represent contingent rights to receive one share of Hut 8 common stock (or cash equivalent) and are not an open-market purchase or sale.

Key Details

• Transaction date: June 11, 2026; Form 4 filed June 15, 2026 (timely within the standard two business‑day reporting window).
• Award: 27,229 RSUs; grant price reported $0.00 (derivative award).
• Vesting: Three equal annual installments beginning April 16, 2027 (per footnote).
• Settlement: RSUs may be settled in common stock, cash, or a combination at the issuer’s discretion (per footnote).
• Shares owned after transaction: Not specified in the provided filing.
• Transaction code: A = Award/Grant (derivative); no sale or purchase of open‑market shares occurred.

Context

• RSU grants are a form of compensation and vest over time; they do not reflect a market purchase or sale by the insider at grant date.
• Because settlement can be in cash or shares, the eventual dilution or share issuance depends on the company’s settlement choice and the RSUs’ vesting.
• Grants are routine for executive compensation and should be viewed as compensation-related, not direct trading activity.