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

Thomas B. Doherty, a director at Stronghold Digital Mining, acquired 5,176 shares of Class A common stock as part of his annual retainer.

Summary

• Thomas B. Doherty, 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, Doherty directly owns 36,674 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 indications of negative sentiment.

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 be seen as a positive sign of the company's confidence in its future performance.

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 publicly traded companies to align their interests with those of shareholders. This is a standard practice for Stronghold Digital Mining.

Comparison to Industry Standards

• Many publicly traded companies use stock-based compensation for directors to align their interests with shareholders.
• The specific amount and terms of the stock grant are typical for non-executive directors in similar-sized companies.
• Companies like Marathon Digital Holdings (MARA) and Riot Platforms (RIOT) also use stock-based compensation for their directors, although the specific amounts and vesting schedules may vary.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's performance.

Key Dates

Keywords

Stronghold Digital Mining, Director Compensation, Stock Acquisition, Class A Common Stock, SEC Form 4, Insider Trading, SDIG