Form 4: Stronghold Digital Mining Director Acquires Shares as Part of Annual Retainer

Director Sarah James acquired 5,176 shares of Stronghold Digital Mining's Class A common stock as part of her annual retainer.

Summary

• Sarah James, a director at Stronghold Digital Mining, acquired 5,176 shares of Class A common stock on January 10, 2025.
• The shares were acquired at a price of $4.83 per share.
• This transaction was part of the company's Non-Employee Director Compensation Policy, where directors receive fully vested shares as an annual retainer.
• The shares represent the portion of the annual retainer covering the fourth quarter of fiscal year 2024.
• Following the transaction, Sarah James now beneficially owns 69,842 shares of Stronghold Digital Mining's Class A common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There are no negative implications.

Positives

• The acquisition of shares by a director demonstrates alignment of interests between management and shareholders.
• The use of stock as part of director compensation can help conserve cash.

Management Comments

• Non-employee directors receive fully vested shares of Issuer's Class A common stock as an annual retainer for their service on the Issuer's board, unless they elect otherwise, consistent with their Stock ownership obligations.

Industry Context

The practice of compensating directors with company stock is common in many industries, particularly in technology and growth-oriented sectors, to align their interests with those of shareholders.

Comparison to Industry Standards

• Many companies, such as Riot Platforms and Marathon Digital Holdings, also use stock-based compensation for their directors.
• The amount of stock granted varies based on company size, board responsibilities, and overall compensation strategy.
• The practice of using stock as part of director compensation is a common method to align director interests with shareholder value creation.

Stakeholder Impact

• The share acquisition by a director can be viewed positively by shareholders as it aligns interests.
• The use of stock for compensation can help the company conserve cash.

Key Dates

Keywords

Stronghold Digital Mining, Director Share Acquisition, Class A Common Stock, Director Compensation, SEC Form 4, Sarah James