SHATTUCK MAYO A III 4

What Happened

• Mayo A. Shattuck III, a director of Hut 8 Corp. (HUT), had restricted stock units (RSUs) vest on June 11, 2026. A total of 21,189 RSUs converted into common shares (16,416 reported as exercised/converted and simultaneously disposed as a derivative transaction, and 4,773 shares issued at $0.00).
• The filing shows the 4,773 shares were acquired at $0.00 (Award/Grant code A). The 16,416-share derivative entries (code M) reflect conversion/exercise and a simultaneous disposition; the reported net new shares received by Shattuck from this event are 4,773.

Key Details

• Transaction date: June 11, 2026; Form 4 filed June 15, 2026 (filed within the typical two-business-day window).
• Reported transactions and amounts: 21,189 RSUs converted to shares (16,416 converted/disposed; 4,773 issued at $0.00).
• Prices: 4,773 shares issued at $0.00 per share; other entries listed as N/A (derivative conversions).
• Shares owned after the transaction: not specified in the supplied filing details.
• Footnotes: F1–F4 explain these were RSUs that vest one-for-one into common stock, vested on the date of the 2026 Annual General Meeting, and that RSUs may be settled in stock or cash (issuer discretion); some remaining RSUs referenced vest in 2027.
• Interpretation of the derivative disposal: the filing reports a simultaneous disposition of 16,416 converted units (common in RSU vest/settlement events). The filing itself does not state the specific reason for the disposition.

Context

• These entries reflect RSU vesting/settlement rather than an open-market buy or sell. Vesting awards and any associated withholding/settlement are generally routine compensation events and do not necessarily signal the insider’s view of the company.
• For retail investors: purchases are typically more meaningful as bullish signals; vesting/conversions and any automatic/simultaneous disposals are often administrative (compensation or settlement) rather than discretionary trades.