Form 4: Core Scientific CFO Sells Shares to Cover Tax Obligations

Core Scientific's Chief Financial Officer, Denise Marie Brucia, sold 802 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Denise Marie Brucia, the Chief Financial Officer of Core Scientific, Inc., sold 802 shares of the company's common stock on January 22, 2025.
• The sale was executed at a price of $15.641 per share.
• This transaction was conducted to satisfy tax obligations arising from the vesting of restricted stock units.
• Following the transaction, Ms. Brucia directly owns 440,028 shares of Core Scientific common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of any positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when restricted stock units vest.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across publicly traded companies.
• The number of shares sold is relatively small compared to the total holdings of the CFO, suggesting this is a routine tax-related transaction rather than a significant change in the executive's investment position.
• Similar transactions are regularly reported by executives at companies like Marathon Digital Holdings (MARA) and Riot Platforms (RIOT), which are also in the cryptocurrency mining sector.

Stakeholder Impact

• The sale of shares by the CFO is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors as it is a routine transaction.

Key Dates

Keywords

Core Scientific, CFO, Denise Marie Brucia, stock sale, tax obligations, restricted stock units, insider trading