Form 4: Core Scientific Director Patten Acquires 7,800 Shares of CORZ
SEC Form 4 Filing
Director Jarrod M Patten purchased 7,800 shares of Core Scientific, Inc. (CORZ) at $9.28 per share on September 4, 2024, increasing his direct holdings to 293,560 shares.
Summary
- On September 4, 2024, Jarrod M Patten, a director of Core Scientific, Inc. (CORZ), acquired 7,800 shares of common stock.
- The purchase price was $9.28 per share.
- Following the transaction, Patten directly owns 293,560 shares of Core Scientific.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction disclosure. While insider buying can be seen as a positive signal, it's a single transaction and doesn't provide enough information to strongly indicate positive sentiment.
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
This Form 4 filing is a routine disclosure required by the SEC when a company insider, such as a director, engages in a transaction involving the company's securities. It provides transparency to the market regarding the trading activities of those with privileged information.
Stakeholder Impact
- Shareholders may view the director's purchase as a positive sign of confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 09/04/2024 | Date of transaction: Jarrod M Patten purchased 7,800 shares of CORZ. |
| 09/05/2024 | Date of signature: Todd DuChene, as Attorney-in-Fact, signed the Form 4. |
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