Form 4: Stronghold Digital Mining CFO Sells Shares to Cover Taxes

Matthew J. Smith, CFO of Stronghold Digital Mining, sold 9,170 shares of Class A common stock on September 18, 2024, to cover taxes upon vesting and release of shares awarded as part of his compensation.

Summary

• On September 18, 2024, Matthew J. Smith, the Chief Financial Officer of Stronghold Digital Mining, Inc. (SDIG), sold 9,170 shares of Class A common stock.
• The sale was executed at a price of $4.4537 per share.
• Following the transaction, Smith directly owns 159,598 shares of Stronghold Digital Mining's Class A common stock.
• The sale was made to cover taxes upon the vesting and release of shares of the Company's Class A Common Stock awarded to the executive as part of his compensation.
• The reporting person has signed the document via an Attorney-in-Fact.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an insider stock sale for tax purposes. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This sale appears to be related to tax obligations arising from stock vesting, which is a common occurrence.

Key Dates