Form 4: Core Scientific Director Jordan Levy Acquires 20,448 Shares Through Restricted Stock Unit Grant

Director Jordan Levy of Core Scientific, Inc. acquired 20,448 shares of common stock through a restricted stock unit grant.

Summary

• Jordan Levy, a director at Core Scientific, Inc., acquired 20,448 shares of common stock on January 27, 2025.
• The acquisition was through a restricted stock unit (RSU) grant.
• The RSUs will vest in full on January 27, 2026, provided Mr. Levy continues to serve as a non-employee director.
• Following the transaction, Mr. Levy beneficially owns 244,387 shares of Core Scientific stock.

Sentiment

Score: 7

Explanation: The document reflects a standard transaction of a director receiving equity compensation, which is generally positive for alignment of interests. There are no negative implications.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The vesting period of the RSUs aligns the director's interests with the long-term performance of the company.

Future Outlook

The vesting of the RSUs is contingent on the director's continued service, suggesting a commitment to the company's future.

Industry Context

This is a standard practice for incentivizing and aligning the interests of board members with the company's performance.

Comparison to Industry Standards

• Restricted stock unit grants are a common form of compensation for directors in publicly traded companies.
• The vesting period of one year is typical for such grants, aligning director interests with the company's short to medium term performance.
• Many companies in the technology and cryptocurrency sectors use similar equity-based compensation to attract and retain board members.

Stakeholder Impact

• The transaction increases the director's stake in the company, aligning his interests with those of shareholders.
• The vesting period encourages the director's continued involvement and contribution to the company.

Key Dates

Keywords

Core Scientific, Director, Jordan Levy, Restricted Stock Units, RSU, Share Acquisition, Beneficial Ownership, CORZ