Form 4: Core Scientific CFO Denise Brucia Sterling Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Core Scientific's CFO, Denise Brucia Sterling, sold 8,752 shares of common stock on August 16, 2024, to satisfy tax obligations related to vesting restricted stock units.
Summary
- On August 16, 2024, Denise Brucia Sterling, the Chief Financial Officer of Core Scientific, Inc., sold 8,752 shares of the company's common stock.
- The sale was executed to cover tax obligations arising from the vesting of restricted stock units.
- The shares were sold at a weighted average price of $9.412, with individual transaction prices ranging from $9.24 to $9.52.
- Following the transaction, Ms. Sterling directly owns 122,217 shares of Core Scientific common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it's neutral in sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders. This sale appears to be related to tax obligations, which is a common reason for such transactions.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it is a small percentage of the outstanding shares and is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/16/2024 | Date of the stock sale transaction. |
| 08/19/2024 | Date of signature on the Form 4 filing. |
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