Rickertsen Rick 4

What Happened

• Rick Rickertsen, a director of Hut 8 Corp. (HUT), had 14,775 derivative units converted/exercised on 2026-06-11 and those 14,775 shares were immediately disposed (reported as derivative activity). On the same date he was granted 4,372 RSUs at $0.00 (no cash paid). The filing was submitted to the SEC on 2026-06-15.
• No per-share sale or purchase price is reported for the converted/disposed shares (listed as N/A). The 4,372-share award is an RSU grant (value not shown in the Form 4).

Key Details

• Transaction date: 2026-06-11; Form 4 filed: 2026-06-15 (timely).
• Actions reported: M (exercise/conversion of a derivative) — 14,775 shares acquired and the same 14,775 shares disposed; A (award/grant) — 4,372 RSUs at $0.00.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes explain these are restricted stock units (RSUs). Some RSUs vested and converted to shares on the date of the 2026 Annual Meeting (F1, F3); the new 4,372 RSUs will vest on the 2027 Annual Meeting and may be settled in stock or cash at the issuer's discretion (F2, F4).

Context

• The M-code activity here reflects conversion/settlement of RSUs rather than an open-market purchase. The equal acquired and disposed quantities suggest a net settlement or immediate disposition (often done to cover tax withholding or to convert RSUs to cash), not a straightforward investment buy or sale signal.
• The A-code award is a standard compensation grant (future vesting). Such compensation-related filings are common for executives/directors and do not necessarily indicate a personal bullish or bearish trade.