Form 4: Core Scientific CEO Adam Sullivan Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Core Scientific's CEO, Adam Taylor Sullivan, sold 22,629 shares of common stock on April 1, 2025, to satisfy tax obligations related to vesting restricted stock units.
Summary
- On April 1, 2025, Adam Taylor Sullivan, the CEO of Core Scientific, Inc., sold 22,629 shares of common stock.
- The sale was executed at a price of $7.5219 per share.
- The transaction was conducted to cover tax obligations arising from the vesting of restricted stock units.
- Following the transaction, Sullivan directly owns 3,736,164 shares of Core Scientific common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes) and doesn't contain any information that would significantly sway sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations are a routine part of executive compensation and are not necessarily indicative of the executive's sentiment about the company's future prospects.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of stock sale transaction |
| 04/02/2025 | Date of signature on the Form 4 filing |
Keywords
Core Scientific, Adam Taylor Sullivan, stock sale, Form 4, CEO, tax obligations, restricted stock units, CORZ
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