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

Core Scientific director Todd Becker acquired 20,448 shares of common stock through a restricted stock unit grant that will vest on January 27, 2026.

Summary

• Todd Becker, a director at Core Scientific, acquired 20,448 shares of common stock.
• The acquisition was through a grant of restricted stock units (RSUs).
• The RSUs will vest in full on January 27, 2026, provided Mr. Becker continues to serve as a non-employee director.
• The transaction occurred on January 27, 2025.
• Following the transaction, Mr. Becker beneficially owns 329,937 shares of Core Scientific stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of stock grants to a director, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The grant of restricted stock units aligns the director's interests with the long-term performance of the company.
• The vesting period encourages continued service and commitment from the director.

Future Outlook

The restricted stock units will vest on January 27, 2026, contingent on continued service as a non-employee director.

Industry Context

This is a standard practice for compensating board members and aligning their interests with shareholders in the technology sector.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice among publicly traded companies, particularly in the technology sector.
• Companies like Marathon Digital Holdings and Riot Platforms also use equity-based compensation for their board members.
• The vesting period of one year is typical for such grants, ensuring continued service and commitment.

Stakeholder Impact

• The transaction increases the director's stake in the company, aligning his interests with shareholders.
• The vesting period encourages continued service and commitment from the director, which is beneficial for the company.

Key Dates

Keywords

Core Scientific, Director, Todd Becker, Restricted Stock Units, RSU, Stock Grant, Beneficial Ownership, Equity