Form 4: Stronghold Digital Mining CEO Acquires and Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Stronghold Digital Mining's CEO, Gregory A. Beard, acquired and disposed of company stock on January 10, 2025, to cover tax obligations related to his equity compensation.
Summary
- Gregory A. Beard, CEO of Stronghold Digital Mining, acquired 28,028 shares of Class A common stock at $3.88 per share on January 10, 2025.
- On the same day, Mr. Beard disposed of 12,210 shares at $3.7113 per share.
- These transactions were made to cover tax obligations associated with his equity compensation for the fourth quarter of 2024.
- Following these transactions, Mr. Beard beneficially owns 462,351 shares of Class A common stock.
Sentiment
Score: 6
Explanation: The document is neutral, detailing routine insider transactions for tax purposes. It doesn't indicate any positive or negative sentiment about the company's performance.
Management Comments
- On November 7, 2022, Mr. Beard agreed to separate his $600,000 annual salary to a cash salary of $58,500 per year and $541,500 in equity compensation, as adjusted for future minimum wage requirements.
- The securities sold pursuant to this Form 4 are solely to cover taxes associated with equity compensation received by Mr. Beard for his employment with the Company during the fourth quarter of 2024.
Industry Context
This is a standard SEC Form 4 filing, which is common for company insiders who trade their company's stock. It provides transparency into the transactions of key personnel.
Comparison to Industry Standards
- Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
- The transactions are typical for executives receiving equity compensation and selling shares to cover tax liabilities, a common practice across various industries.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/10/2025 | Date of stock acquisition and disposal by Gregory A. Beard. |
| 01/13/2025 | Date of signature of the Form 4 filing. |
Keywords
Stronghold Digital Mining, SDIG, Gregory A. Beard, equity compensation, stock transaction, Form 4, insider trading
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