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 4,261 shares of common stock on May 13, 2024, to satisfy tax obligations related to vesting restricted stock units.
Summary
- On May 13, 2024, Denise Brucia Sterling, the Chief Financial Officer of Core Scientific, Inc., sold 4,261 shares of the company's common stock.
- The sale was executed at a weighted average price of $3.66 per share, with individual transactions ranging from $3.63 to $3.72.
- This transaction was conducted to cover tax obligations arising from the vesting of restricted stock units.
- Following the sale, Ms. Sterling directly owns 130,969 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 impact sentiment positively or negatively.
Industry Context
Sales of stock to cover tax obligations are a routine part of executive compensation and are not necessarily indicative of the executive's view of the company's future prospects.
Stakeholder Impact
- The sale of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of the stock sale transaction. |
| 05/15/2024 | Date of signature on the Form 4 filing. |
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