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Hut 8 Corp. — Director's Dealing 2023
Dec 5, 2023
31225_dirs_2023-12-05_c76f4f66-303a-4d24-acca-2d87cb3f9299.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Hut 8 Corp. (HUT)
CIK: 0001964789
Period of Report: 2023-11-30
Reporting Person: SHATTUCK MAYO A III (Director)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common stock, par value $0.01 per share | 54903 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option(2) (right to buy) | $0.39 | 2031-11-14 | Common stock, par value $0.01 per share (81935) | Direct | |
| Stock Option(4) (right to buy) | $0.39 | 2033-01-04 | Common stock, par value $0.01 per share (163870) | Direct |
Footnotes
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 "2021 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 2021 USBTC Options were originally issued by USBTC on December 3, 2021.
F3: The shares vest over a four-year period which began on December 10, 2021, with 20,483 shares that vested on December 10, 2022 and the remaining shares vesting pro-rata on a monthly basis over the remaining three-year period.
F4: Represents options to purchase the Company's Common Stock issued to the Reporting Person in replacement of the options (the "2023 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 2023 USBTC Options were originally issued by USBTC on January 5, 2023.
F5: The shares vest over a four-year period which began on January 5, 2023, with 40,967 shares vesting on January 5, 2024 and the remaining shares vesting pro-rata on a monthly basis over the remaining three-year period.