Form 4: Core Scientific Chief Legal Officer Sells 60,000 Shares Under Pre-Arranged Plan

Core Scientific's Chief Legal and Administrative Officer, Todd M. DuChene, sold 60,000 shares of common stock for approximately $680,000 under a Rule 10b5-1 trading plan.

Summary

• Todd M. DuChene, the Chief Legal and Administrative Officer of Core Scientific, Inc. (CORZ), reported the sale of 60,000 shares of the company's common stock.
• The transaction took place on June 3, 2025.
• The shares were sold at a weighted average price of $11.3314 per share, with individual transaction prices ranging from $11.1473 to $11.6369.
• The total value of the shares sold is approximately $679,884.
• Following this sale, Mr. DuChene's beneficial ownership of Core Scientific common stock stands at 2,100,102 shares.
• The sale was conducted pursuant to a Rule 10b5-1(c) trading plan, indicating it was a pre-scheduled transaction.

Sentiment

Score: 5

Explanation: Neutral. This is a routine disclosure of an insider stock sale, which was pre-planned under a 10b5-1 agreement, mitigating any negative implications typically associated with insider selling.

Positives

• The sale was executed under a Rule 10b5-1(c) plan, which suggests it was pre-scheduled and not based on new, non-public information, potentially mitigating concerns about opportunistic insider selling.

Negatives

• An insider selling shares, even under a 10b5-1 plan, reduces their direct ownership stake in the company.

Future Outlook

N/A

Management Comments

• Todd M. DuChene is identified as the Chief Legal and Administrative Officer of Core Scientific, Inc.

Industry Context

N/A

Stakeholder Impact

• Shareholders: A minor reduction in insider ownership, but the 10b5-1 plan suggests the sale was pre-planned and not based on new, non-public information.

Key Dates

Keywords

Core Scientific, CORZ, Todd M. DuChene, Insider Sale, Form 4, SEC Filing, Stock Transaction, Executive Compensation, 10b5-1 Plan