Form 4: Stronghold Digital Mining CEO Gregory Beard Reports Stock Transactions
SEC Form 4
Gregory Beard, CEO of Stronghold Digital Mining, reports acquiring and disposing of Class A common stock to cover taxes associated with equity compensation.
Summary
- Gregory A. Beard, CEO of Stronghold Digital Mining, filed a Form 4 detailing changes in beneficial ownership.
- On July 10, 2024, Mr. Beard acquired 34,112 shares of Class A common stock at a price of $3.94 per share.
- On July 11, 2024, Mr. Beard disposed of 13,058 shares of Class A common stock at a price of $3.6659 per share.
- Following these transactions, Mr. Beard beneficially owns 395,057 shares of Class A common stock.
- The sale of securities was solely to cover taxes associated with equity compensation received for the second quarter of 2024.
- In November 2022, Mr. Beard agreed to adjust his annual salary to $58,500 in cash and $541,500 in equity compensation.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's stock ownership.
- Employees are indirectly impacted as the CEO's compensation structure is detailed.
Key Dates
| Date | Description |
|---|---|
| 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. |
| 07/10/2024 | Mr. Beard acquired 34,112 shares of Class A common stock at $3.94 per share. |
| 07/11/2024 | Mr. Beard sold 13,058 shares of Class A common stock at $3.6659 per share. |
| 07/12/2024 | Date of signature for the Form 4 filing. |
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