HUT · Hut 8 Corp. · Insider Trading

On September 29, 2026, Springtide Creek Ltd ("Springtide") entered into a prepaid variable share forward transaction (the "VPF") with an unaffiliated third-party buyer. The VPF obligates Springtide to deliver to the buyer up to 1,500,000 shares of Common Stock of the Issuer (the "Forward Shares") (or, at Springtide's election, an equivalent amount of cash) on a scheduled maturity date of May 17, 2027. Upon entry into the VPF, Springtide received a cash payment of $58,326,600.00, based on a price of $40.00 per share of Common Stock (the "Floor Price") and discounted for the time value of money over the term of the agreement. Springtide has pledged the Forward Shares to secure its obligations under the contract but retains ownership and voting rights in the Forward Shares during the term of the pledge.

At maturity, the VPF will settle by delivery of a variable number of shares (or, at Springtide's election, an equivalent amount of cash) based on the volume-weighted average price of the Issuer's Common Stock over a three-day valuation period starting May 13, 2027 (the "Settlement Price"), as follows: (i) if the Settlement Price does not exceed the Floor Price, Springtide will deliver all 1,500,000 shares; (ii) if the Settlement Price exceeds the Floor Price but does not exceed $221.00 (the "Cap Price"), Springtide will deliver a number of shares equal to the 1,500,000 shares multiplied by a fraction, the numerator of which is the Floor Price and the denominator is the Settlement Price; and (iii) if the Settlement Price exceeds the Cap Price, Springtide will deliver a number of shares equal to the 1,500,000 shares multiplied by a fraction, the numerator of which is the Floor Price plus the excess of the Settlement Price over the Cap Price, and the denominator is the Settlement Price.

Springtide is a British Virgin Islands company wholly owned and controlled by the Reporting Person.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 25, 2026.

Reflects shares sold to cover tax withholding obligations in connection with the vesting and settlement of RSUs, effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on September 9, 2024.

The price reported in Column 4 is a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Reflects shares sold to cover tax withholding obligations in connection with the vesting and settlement of RSUs, effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on September 9, 2024.

Each RSU represents a contingent right to receive one share of Issuer common stock. The RSUs are settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.

These RSUs vest in three equal annual installments beginning on August 21, 2025.

Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer common stock on a one-for-one basis.

Reflects shares sold to cover tax withholding obligations in connection with the vesting and settlement of RSUs, effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on September 9, 2024.

Reflects shares sold to cover tax withholding obligations in connection with the vesting and settlement of RSUs, effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on September 9, 2024.

The price reported in Column 4 is a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Reflects shares sold to cover tax withholding obligations in connection with the vesting and settlement of RSUs, effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on September 9, 2024.

The price reported in Column 4 is a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Reflects shares sold to cover tax withholding obligations in connection with the vesting and settlement of RSUs, effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on September 9, 2024.

The price reported in Column 4 is a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Each RSU represents a contingent right to receive one share of Issuer common stock. The RSUs will be settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.

These RSUs vest on the date of the 2027 Annual General Meeting of the Stockholders of the Issuer.

Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer common stock on a one-for-one basis.

Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer common stock on a one-for-one basis.

Each stock option was exercisable for a price of 25.00 Canadian dollars.

These stock options were fully vested.

Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer common stock on a one-for-one basis.

Each RSU represents a contingent right to receive one share of Issuer common stock. The RSUs will be settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.

These RSUs vest on the date of the 2027 Annual General Meeting of the Stockholders of the Issuer.

Each RSU represents a contingent right to receive one share of Issuer common stock. The RSUs will be settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.

Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer common stock on a one-for-one basis.

These RSUs vested on the date of the 2026 Annual General Meeting of the Stockholders of the Issuer.

Each RSU represents a contingent right to receive one share of Issuer common stock. The RSUs will be settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.

These RSUs vest on the date of the 2027 Annual General Meeting of the Stockholders of the Issuer.

Each RSU represents a contingent right to receive one share of Issuer common stock. The RSUs will be settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.

These RSUs vest on the date of the 2027 Annual General Meeting of the Stockholders of the Issuer.

Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer common stock on a one-for-one basis.

Each restricted stock unit ("RSU") represents a contingent right to receive one share of Issuer common stock. The RSUs are settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.

On June 11, 2026, the Reporting Person was granted 27,229 RSUs, vesting in three equal annual installments beginning on April 16, 2027.

Each stock option was exercisable for a price of 25.00 Canadian dollars.

Each RSU represents a contingent right to receive one share of Issuer common stock. The RSUs will be settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.

Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer common stock on a one-for-one basis.

These RSUs vested on the date of the 2026 Annual General Meeting of the Stockholders of the Issuer.

Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer common stock on a one-for-one basis.

Each RSU represents a contingent right to receive one share of Issuer common stock. The RSUs will be settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.

These RSUs vest on the date of the 2027 Annual General Meeting of the Stockholders of the Issuer.

Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer common stock on a one-for-one basis.

Each RSU represents a contingent right to receive one share of Issuer common stock. The RSUs will be settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.

Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer common stock on a one-for-one basis.

These RSUs vested on the date of the 2026 Annual General Meeting of the Stockholders of the Issuer.

Each RSU represents a contingent right to receive one share of Issuer common stock. The RSUs will be settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.

Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer common stock on a one-for-one basis.

These RSUs vested on the date of the 2026 Annual General Meeting of the Stockholders of the Issuer.

Each RSU represents a contingent right to receive one share of Issuer common stock. The RSUs will be settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.

Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer common stock on a one-for-one basis.

These RSUs vested on the date of the 2026 Annual General Meeting of the Stockholders of the Issuer.

Each RSU represents a contingent right to receive one share of Issuer common stock. The RSUs will be settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.

These RSUs vest on the date of the 2027 Annual General Meeting of the Stockholders of the Issuer.

Each RSU represents a contingent right to receive one share of Issuer common stock. The RSUs will be settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.

Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer common stock on a one-for-one basis.

These RSUs vested on the date of the 2026 Annual General Meeting of the Stockholders of the Issuer.

The price reported in Column 4 is a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Each restricted stock unit ("RSU") represents a contingent right to receive one share of Issuer common stock. The RSUs are settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.

On June 11, 2026, the Reporting Person was granted 27,229 RSUs, vesting in three equal annual installments beginning on April 16, 2027.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.50 to $101.48, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the specified range.

Reflects shares sold to cover tax withholding obligations in connection with the vesting and settlement of RSUs, effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on September 9, 2024.

The price reported in Column 4 is a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Each RSU represents a contingent right to receive one share of Issuer common stock. The RSUs are settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.

On May 3, 2024, the Reporting Person was granted 81,301 RSUs, vesting in three equal annual installments beginning on May 1, 2025.

Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer common stock on a one-for-one basis.

Reflects shares sold to cover tax withholding obligations in connection with the vesting and settlement of RSUs, effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on September 9, 2024.

The price reported in Column 4 is a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Reflects shares sold to cover tax withholding obligations in connection with the vesting and settlement of RSUs, effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on September 9, 2024.

The price reported in Column 4 is a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Each RSU represents a contingent right to receive one share of Issuer common stock. The RSUs are settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.

On April 23, 2025, the Reporting Person was granted 31,192 RSUs, vesting in three equal annual installments beginning on March 7, 2026.

Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer common stock on a one-for-one basis.

Each RSU represents a contingent right to receive one share of Issuer common stock. The RSUs are settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.

On April 23, 2025, the Reporting Person was granted 43,668 RSUs, vesting in three equal annual installments beginning on March 7, 2026.

Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer common stock on a one-for-one basis.

Each restricted stock unit ("RSU") represents a contingent right to receive one share of Issuer common stock. The RSUs will be settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer.

These RSUs shall vest on January 1, 2029, subject to the Reporting Person's continued employment through the vesting date. The Reporting Person will be required to hold the vested shares for a period of two years following the vesting date (unless the RSUs vested in connection with a change in control).

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.

The number of PSUs reported represents the target number awarded on the grant date. Vesting of the PSUs is contingent on the achievement of defined value levels for the shares of common stock of American Bitcoin Corp., a majority owned subsidiary of the Issuer, owned by the Issuer as of the grant date. The number of PSUs that vest will range from 0% to 300% of the target amount shown based the applicable performance levels achieved, provided that the Reporting Person remains employed by the Issuer through such vesting date. The PSUs' performance measurement period begins on December 3, 2026 and ends four years after grant date with measurement and potential vest dates on a quarterly basis or on the final day of the relevant measurement period. Once the PSUs have vested, the shares of the Issuer's common stock received must generally be held by the Reporting Person for a period of two years following the vesting date (unless the PSUs vested in connection with a change of control).

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.

The number of PSUs reported represents the target number awarded on the grant date. Vesting of the PSUs is contingent on the achievement of defined market capitalization levels for the Issuer. The number of PSUs that vest will range from 0% to 300% of the target amount shown based the applicable performance level achieved, provided that the Reporting Person remains employed by the Issuer through such vesting date. The PSUs' performance measurement period begins twelve months after grant date and ends four years after grant date with measurement and potential vest dates on a quarterly basis or on the final day of the relevant measurement period. Once the PSUs have vested, the shares of the Issuer's common stock received must generally be held by the Reporting Person for a period of two years following the vesting date (unless the PSUs vested in connection with a change of control).