Form 4: Core Scientific Director Jarrod M Patten Increases Stake with $14,925 Purchase
SEC Form 4
Director Jarrod M Patten of Core Scientific, Inc. recently acquired 1,500 shares of common stock at $9.95 per share, increasing his total holdings to 280,739 shares.
Summary
- On August 30, 2024, Jarrod M Patten, a director of Core Scientific, Inc., purchased 1,500 shares of the company's common stock.
- The purchase price was $9.95 per share.
- Following the transaction, Patten directly owns 280,739 shares of Core Scientific, Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. A director buying shares suggests confidence, but it's a relatively small transaction.
Positives
- A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Director stock purchases are common and closely watched indicators of management sentiment towards their own company's prospects within the broader technology and cryptocurrency mining industry.
Stakeholder Impact
- The stock purchase could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 08/30/2024 | Date of the stock purchase transaction. |
| 09/03/2024 | Date of signature on the Form 4 filing. |
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