Form 4: Core Scientific Director Patten Acquires $332,220 in Company Stock

Director Jarrod M. Patten purchased 100,000 shares of Core Scientific, Inc. common stock at an average price of $3.3222 on March 15, 2024.

Summary

• On March 15, 2024, Jarrod M. Patten, a director of Core Scientific, Inc., acquired 100,000 shares of common stock.
• The purchase was made at a weighted average price of $3.3222 per share.
• The total value of the transaction was approximately $332,220.
• Following the transaction, Patten directly owns 100,000 shares of Core Scientific, Inc.

Sentiment

Score: 6

Explanation: A director purchasing shares is generally a positive sign, suggesting confidence in the company. However, the impact is moderate as it's a single transaction and doesn't provide deep insight into the company's overall financial health.

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's stock purchases are common and closely watched as indicators of management's sentiment about the company's prospects. This purchase could be interpreted as a positive signal, but should be considered alongside other factors.

Stakeholder Impact

• Shareholders may view the director's stock purchase as a positive signal.

Key Dates