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

Todd DuChene, Chief Legal and Administrative Officer of Core Scientific, sold shares of common stock to satisfy tax obligations related to vesting restricted stock units.

Summary

• On June 13, 2024, Todd DuChene sold 3,770 shares of Core Scientific (CORZ) common stock at a weighted average price of $9.9923.
• The shares were sold in multiple transactions with prices ranging from $9.89 to $10.345.
• Following this transaction, DuChene directly owns 393,428 shares of Core Scientific common stock.
• On June 14, 2024, DuChene sold 26,230 shares of Core Scientific (CORZ) common stock at a weighted average price of $9.8957.
• The shares were sold in multiple transactions with prices ranging from $9.86 to $10.0101.
• Following this transaction, DuChene directly owns 367,198 shares of Core Scientific common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity. The sentiment is neutral as it simply reports transactions without expressing any positive or negative outlook.

Industry Context

Insider sales are a common occurrence and are often related to personal financial planning or tax obligations. It's important to consider the context of the sale, such as the executive's overall holdings and the company's performance.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased selling pressure.

Key Dates