Hut 8 CFO Sean Glennan sells $507k in common stock

Chief Financial Officer Sean Joseph Glennan of Hut 8 Corp. (NASDAQ:HUT) sold 6,445 shares of the company's common stock on August 24, 2026, for approximately $507,623. The sales were made to satisfy tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs), following a Rule 10b5-1 trading plan initiated on September 9, 2024.

The stock's value had risen to $85.50, marking a 230% gain over the previous year. Prior to these sales, on August 21, 2026, Glennan acquired 12,355 shares of Hut 8 common stock through the conversion of RSUs, which converted into shares on a one-for-one basis upon vesting. After these reported transactions, Glennan remains a beneficial owner of 17,978 shares of Hut 8 Corp. common stock directly, as well as holding 12,355 restricted stock units.

Recent analysis suggests the stock is overvalued relative to its Fair Value. Hut 8 Mining Corp., in its latest earnings report for Q2 2026, reported adjusted revenue of $105.18 million, which fell short of the anticipated $111.29 million, resulting in a larger-than-expected loss per share of $1.78. Hut 8 is transitioning from Bitcoin mining to a broader digital infrastructure platform, focusing on data center capacity for AI workloads, and was recently initiated with a Buy rating by Freedom Capital, targeting a price of $132.00.