TAI WILLIAM 4

What Happened

• Tai William, a director of Hut 8 Corp. (HUT), had derivative activity and an RSU award reported for 2026-06-11. The Form 4 shows an exercise/conversion (transaction code M) of 15,713 shares with the same 15,713 shares reported as disposed, and a separate grant/award (code A) of 4,327 shares at $0.00. No per-share sale price or total market value is provided in the filing.

Key Details

• Transaction date: 2026-06-11; Form 4 filed: 2026-06-15.
• Exercise/Conversion: 15,713 shares acquired and 15,713 shares disposed (transaction code M); price reported as N/A.
• Grant/Award: 4,327 RSUs recorded as acquired at $0.00 (transaction code A).
• Shares owned after the transactions: not specified in this Form 4.
• Footnotes: filings reference RSUs that convert one-for-one on vesting (F1); RSUs may be settled in stock or cash at the issuer’s discretion (F2); some RSUs vested on the 2026 Annual General Meeting date (F3) and others vest on the 2027 AGM date (F4).
• Timeliness: the Form 4 was filed four days after the transaction date (6/11 → 6/15); Form 4s for directors are typically due within two business days, so this filing appears to be late.

Context

• The paired acquisition and immediate disposition of the 15,713 derivative shares is consistent with a cashless exercise or an immediate sale/settlement on conversion (e.g., to cover withholding or exercise costs), though the Form 4 itself does not state the reason. The 4,327-item at $0.00 reflects an RSU award rather than a cash purchase and may vest later per the footnotes. Awards and routine tax/settlement sales are common insider transactions and do not by themselves indicate insider market sentiment.