Asher Genoot - Mar 26, 2024 Form 4 Insider Report for Hut 8 Corp. (HUT)

Signature
/s/ Asher Genoot
Stock symbol
HUT
Transactions as of
Mar 26, 2024
Transactions value $
$0
Form type
4
Date filed
3/28/2024, 07:22 PM
Previous filing
Dec 6, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HUT Performance Stock Units Award $0 +481K $0.00 481K Mar 26, 2024 Common Stock 481K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance stock unit ("PSU") represents a contingent right to receive one share of Issuer common stock. The PSUs will be settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.
F2 The number of PSUs reported represents the target number awarded on the grant date. The number of PSUs that vest will range from 0% to 200% of the target amount shown based upon the achievement of certain stock price criteria set forth in the PSU agreement during the period commencing on March 26, 2025 and ending on March 26, 2027. Any PSUs that become eligible to vest based on the performance of the Issuer's common stock will vest as of March 26, 2027.