Form 4: Core Scientific Executive Sells Shares to Cover Tax Obligations

Todd M. DuChene, Chief Legal and Administrative Officer of Core Scientific, sold 11,582 shares of common stock to satisfy tax obligations upon the vesting of restricted stock units.

Summary

• On August 16, 2024, Todd M. DuChene, Chief Legal and Administrative Officer of Core Scientific, sold 11,582 shares of common stock.
• The sale was executed to satisfy tax obligations related to the vesting of restricted stock units.
• The shares were sold at a weighted average price of $9.412, with individual transactions ranging from $9.24 to $9.52.
• Following the transaction, DuChene directly owns 1,686,474 shares of Core Scientific common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an executive's stock sale to cover tax obligations. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives and their potential impact on the stock's price and investor sentiment.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's overall performance or stakeholder relationships.

Key Dates