Form 4: Greenidge Issues Equity to Atlas Capital Entities

Greenidge Generation Holdings Inc. issued 79,320 shares of Class A Common Stock to Atlas Capital entities as an equity interest payment, increasing their beneficial ownership.

Summary

• Greenidge Generation Holdings Inc. (GREE) issued 79,320 shares of Class A Common Stock to Atlas Capital entities.
• The transaction occurred on January 8, 2026, at a price of $2.06 per share, totaling $163,598.
• This payment was made pursuant to an Equity Interest Payment Agreement dated January 24, 2025, between Greenidge and Atlas Capital Resources (A9) LP, Atlas Capital Resources (A9-Parallel) LP, and Atlas Capital Resources (P) LP.
• The shares were distributed as follows: 56,834 shares to ACR9, 20,407 shares to ACR Parallel, and 2,079 shares to ACR P.
• Following this transaction, the Atlas Entities beneficially own 3,956,317 shares, comprising 1,276,287 Class A Common Stock and 2,680,030 Class B Common Stock (convertible to Class A).
• The transaction was executed pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged purchase or sale of equity securities.
• Andrew M. Bursky and Timothy J. Fazio, managing partners of Atlas Capital Resources GP LLC, may be deemed to control the Atlas Entities and are listed as directors and 10% owners of Greenidge.

Sentiment

Score: 5

Explanation: Neutral. This is a routine disclosure of an insider transaction fulfilling a pre-existing agreement. It's not inherently positive or negative for the company's operational performance, though it involves minor dilution.

Positives

• The issuance of shares fulfills an obligation under an existing Equity Interest Payment Agreement, potentially resolving a prior commitment.

Negatives

• The issuance of new shares at $2.06 per share could lead to minor dilution for existing shareholders, although the amount is relatively small compared to total shares outstanding.

Future Outlook

NA

Industry Context

This is an insider transaction filing, which is company-specific and does not directly relate to broader industry trends, other than reflecting capital management or financing activities within the company.

Related Party Transactions

• Greenidge Generation Holdings Inc. issued shares to Atlas Capital entities, which are 10% owners and have directors (Andrew M. Bursky and Timothy J. Fazio) also serving as directors of Greenidge, making this a related party transaction.

Stakeholder Impact

• Shareholders: Minor dilution due to the issuance of new shares, though it fulfills a prior agreement.
• Creditors/Investors: The transaction settles an equity interest payment, potentially clarifying the company's financial obligations to Atlas Capital.

Key Dates

Recommendation

This Form 4 filing details a pre-arranged equity payment to a significant shareholder and director group. It's a routine disclosure fulfilling a prior agreement and does not provide new information regarding the company's operational performance, strategic direction, or financial health that would warrant a change in investment stance. The minor dilution from the share issuance is unlikely to be a material factor for long-term investors. Therefore, a 'hold' recommendation is appropriate as this filing alone does not present a compelling reason to buy or sell.

Keywords

Greenidge Generation Holdings, GREE, Atlas Capital, Form 4, Insider Transaction, Equity Payment, Class A Common Stock, Beneficial Ownership, Andrew M. Bursky, Timothy J. Fazio, Share Issuance, Related Party Transaction, 10b5-1 Plan