Matthew Prusak - Nov 30, 2023 Form 3 Insider Report for Hut 8 Corp. (HUT)

Signature
/s/ Asher Genoot, Attorney-in-Fact
Stock symbol
HUT
Transactions as of
Nov 30, 2023
Transactions value $
$0
Form type
3
Date filed
12/5/2023, 08:00 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding HUT Common stock, par value $0.01 per share 5.37K Nov 30, 2023 Direct F1

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
holding HUT Stock Option(2) (right to buy) Nov 30, 2023 Common stock, par value $0.01 per share 319K $0.39 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 30, 2023, in connection with the consummation of the business combination (the "Business Combination") between Hut 8 Corp. (the "Company"), U.S. Data Mining Group, Inc., a Nevada corporation ("USBTC") and Hut 8 Mining Corp., a corporation existing under the laws of British Columbia ("Hut 8"), the Reporting Person exchanged his shares of USBTC common stock for shares of the Company's Common Stock, par value $0.01 per share ("Common Stock"), at an exchange ratio of 0.6716 in accordance with the terms of the Business Combination.
F2 Represents options to purchase the Company's Common Stock issued to the Reporting Person in replacement of the options (the "USBTC Options") held by the Reporting Person to purchase shares of common stock of USBTC prior to the consummation of the Business Combination on November 30, 2023. The USBTC Options were originally issued by USBTC on July 30, 2021.
F3 The shares vested fully in connection with the consummation of the Business Combination.