CFO Shenif Visram insider stock sales
Company: Hut 8
The claim, verbatim
CFO Shenif Visram sold 17,897 shares of Company stock on inside information before the fraud was exposed, receiving approximately $253,063 in proceeds on 12/22/2023 at $14.14/share.
Source (primary)
Thompson v. Leverton — Entry #8: FILING ERROR - DUPLICATE DOCKET ENTRY - COMPLAINT against Joseph Flinn, Asher Genoot, Alexia Hefti, Michael Ho, Hut 8 Corp., Jamie Leverton, Stanley O'Neal… (RECAP (purchased via PACER), court_filing)
View cached copy (2026-09-25)Live source ↗
Quote: “During the Relevant Period, while the Company's stock price was artificially inflated and before the scheme were exposed, Defendant Visram made the following sale of Company stock: Date December 22, 2023 Number of Shares 17, 897 Avg. Price/Share $14.14 Proceeds $253,063. Thus, in total, before the fraud was exposed, he sold 17,897 shares of Company stock on inside information, for which he received approximately $253,063 in proceeds.”
How we checked this
Checked on October 12, 2026. The cited source supports part of this claim, but not all of it.
The complaint supports the sale date, share count, price, and proceeds, but the claim that he traded on inside information is only alleged.
Confirmed in the source:
- Shenif Visram was CFO at the time of the sale
- Visram sold 17,897 shares on December 22, 2023 at an average $14.14 per share for approximately $253,063, before the J Capital Report
We could not confirm this from the cited source:
- That Visram sold the shares on inside information (this is the plaintiff's allegation, not an established fact)
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of RECAP (purchased via PACER) (https://storage.courtlistener.com/recap/gov.uscourts.nysd.618845/gov.uscourts.nysd.618845.8.0.pdf) in full (109,654 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Thompson v. Leverton — Entry #8: FILING ERROR - DUPLICATE DOCKET ENTRY - COMPLAINT against Joseph Flinn, Asher Genoot, Alexia Hefti, Michael Ho, Hut 8 Corp., Jamie Leverton, Stanley O'Neal…
Quote: “During the Relevant Period, while the Company's stock price was artificially inflated and before the scheme were exposed, Defendant Visram made the following sale of Company stock: Date December 22, 2023 Number of Shares 17, 897 Avg. Price/Share $14.14 Proceeds $253,063. Thus, in total, before the fraud was exposed, he sold 17,897 shares of Company stock on inside information, for which he received approximately $253,063 in proceeds.”