Form 4: Core Scientific CFO's Stock Transactions

Core Scientific's CFO, James P Nygaard Jr., reported the withholding of shares for tax obligations and the acquisition of additional shares from distributions.

Summary

• James P Nygaard Jr., EVP, Chief Financial Officer of Core Scientific, Inc. (CORZ), reported changes in beneficial ownership.
• 92,725 shares of Common Stock were disposed of on March 17, 2026, at a price of $16.42 per share.
• This disposition represents shares withheld to satisfy withholding tax obligations upon the vesting of restricted stock units.
• The reported beneficial ownership of 928,928 shares reflects the acquisition of 3,555 shares on July 17, 2025, and 336 shares on December 24, 2025.
• These additional shares were received for no consideration in connection with in-kind distributions by XMS XPDI Sponsor Holdings LLC and were exempt from Section 16 pursuant to Rule 16a-9.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as slightly positive due to the net increase in beneficial ownership from the non-consideration acquisitions, despite the routine tax-related disposition.

Positives

• Acquisition of 3,555 shares and 336 shares for no consideration from in-kind distributions, increasing the CFO's overall stake.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transaction filings like this Form 4 provide transparency into executive stock ownership changes, which can sometimes offer insights into management's confidence, though this specific filing primarily details routine tax-related dispositions and non-consideration distributions rather than discretionary open-market trades.

Related Party Transactions

• The acquisition of 3,891 shares for no consideration from in-kind distributions by XMS XPDI Sponsor Holdings LLC could be considered a related party transaction, as it involves an entity distributing shares to a company executive.

Stakeholder Impact

• Shareholders: Provides transparency into executive stock ownership and compensation practices. The CFO's increased beneficial ownership (net of the tax withholding) could be seen as a minor positive signal of alignment with shareholder interests.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions, specifically tax-related share withholding upon RSU vesting and non-consideration share acquisitions from distributions. These are standard events and do not indicate a discretionary change in the CFO's investment thesis or the company's fundamental performance. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

Core Scientific, CORZ, Form 4, Insider Trading, Stock Transaction, CFO, James P Nygaard Jr, Restricted Stock Units, Tax Withholding, Beneficial Ownership