Key points
- HIVE director Dave Perrill sold all 100,000 shares he held directly on August 19, a Toronto Stock Exchange sale worth about $271,910 in converted US dollars.
- It's the second time this year he's sold every share he owned. He also sold all 175,000 shares he had in June, right after they vested.
- HIVE was up more than 9% Thursday morning as Bitcoin rallied, two days after the company's $350 million AI cloud deal.
HIVE Digital Technologies (HIVE) director Dave Perrill sold all 100,000 shares he held directly on August 19. The Form 4 he filed the same day shows zero shares left in his name afterward, and it's the second time in three months he's done exactly that. What caught my eye is what happened one trading day later: Bitcoin rallied, and HIVE moved with it.
The sale happened on the Toronto Stock Exchange, where HIVE also trades, in multiple transactions between C$3.73 and C$3.86 a share. The filing converts the weighted average, C$3.7765, to US$2.7191, putting the total at $271,910. Neither this sale nor his June one was tied to a Rule 10b5-1 trading plan, the kind an executive sets up months ahead of time. This was, in the language AIStockWire's own tracker uses, his own call.
That timing is what made me want to write about it. Bitcoin was up about 4.8% Thursday morning, trading near $72,400. HIVE moved with it, up more than 9% to around $3.08, from Wednesday's $2.82 close.
He's done this before
This is the second time in three months Perrill has sold every share he owned. In June, he sold all 175,000 shares he had at the time, also on the Toronto exchange, between C$6.589 and C$6.660, at a reported weighted average of US$4.69. Those shares had only existed for about six weeks. They came from two batches of restricted stock units that vested and converted into common shares on May 7.
The 100,000 shares he sold in August line up with a separate RSU tranche his own June filing said would vest July 8. He didn't buy anything in between, and he hasn't bought anything at all this year, as far as AIStockWire's tracker shows.
He's not alone. Between June 3 and August 19, four different HIVE insiders, Perrill, chief operating officer Luke Rossy, chief financial officer Darcy Daubaras, and director Susan McGee, filed six Form 4 sales worth about $3.5 million combined. One of those, Daubaras' July sale, was tied to mandatory tax withholding on vesting RSUs; the other five were discretionary, with no 10b5-1 plan behind them. None of the four bought.
What that does and doesn't tell you
Selling stock the moment RSUs vest is common, and it doesn't automatically mean an insider expects the stock to fall. A lot of executives treat vested shares as a bonus that happens to be paid in stock, and cash it out the same way they'd cash a check, especially when more unvested shares are already lined up behind it. That's a real possibility here. Perrill's June filing shows more RSUs scheduled to vest through March 2027.
What's harder to wave away is that nobody on the inside is buying. Six sales and zero purchases since June is a real pattern, not a single data point, and it's happening while HIVE's stock has been moving on real news: the BUZZ HPC unit's $350 million, five-year AI cloud deal with an investment-grade customer, announced August 16, which briefly sent the stock up as much as 17% intraday, and now Thursday's bitcoin-driven jump. If any HIVE insider thought the stock was undervalued at $2.72 or $2.82, this week gave them two separate chances to say so with their own money. None of them did.
HIVE has had a rough year by its own 52-week range, from a low of $1.73 in March to a high of $7.84 last October. We've written before about how bitcoin miners like HIVE are trying to become AI landlords, and this week's deal is part of that pitch. Whether the insiders selling into it changes how much you trust that pitch is a fair question, and one worth reading more about before copying anyone's trade, including this one. Here's more on what it means when a sale has no 10b5-1 plan behind it, and you can check HIVE's full filings history yourself.
Sources
- HIVE Digital Technologies Form 4 filed August 19, 2026, for Dave Perrill's sale of 100,000 shares
- HIVE Digital Technologies Form 4 filed June 23, 2026, for Perrill's May RSU vesting, his June sale of 175,000 shares, and the disclosed July 8 vesting schedule
- HIVE and BUZZ HPC announcement, August 16, 2026, for the $350 million AI cloud deal terms
- Stock and crypto price data via Robinhood as of 11:52 a.m. Eastern, August 20, 2026
