Form 4: Core Scientific Director Patten Acquires Shares, Disposes of Holdings in Recent Transaction
SEC Form 4 Filing
Director Jarrod M. Patten of Core Scientific, Inc. executed a transaction involving the acquisition and disposal of common stock on September 13, 2024.
Summary
- On September 13, 2024, Jarrod M. Patten, a director of Core Scientific, Inc., engaged in a transaction involving the company's common stock.
- Patten acquired 2,240 shares of common stock at a price of $11.05 per share.
- Patten disposed of 300,000 shares of common stock.
- Following the reported transaction, the amount of securities beneficially owned was not specified.
Sentiment
Score: 5
Explanation: This is a neutral report of a director's stock transactions. The acquisition and disposal could have various motivations and don't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of a company insider's stock transactions, as required by the Securities and Exchange Act of 1934. It provides transparency into the trading activities of individuals with access to non-public information about the company.
Stakeholder Impact
- The transaction may have a minor impact on shareholders, depending on the overall market perception of insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 09/13/2024 | Date of transaction: acquisition of 2,240 shares and disposal of 300,000 shares of common stock. |
| 09/16/2024 | Date of signature by Attorney-in-Fact. |
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