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

Richard J. Shaffer, a Senior Vice President at Stronghold Digital Mining, sold 1,339 shares of Class A common stock to cover taxes related to vested shares.

Summary

• Richard J. Shaffer, a Senior Vice President at Stronghold Digital Mining, sold 1,339 shares of Class A common stock on January 10, 2025.
• The shares were sold at a price of $3.67 per share.
• This transaction was made to cover taxes associated with the vesting and release of shares awarded as part of his compensation.
• Following the transaction, Shaffer directly owns 22,577 shares of Class A common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Management Comments

• The sales were 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.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, which is common in publicly traded companies.

Comparison to Industry Standards

• Executive share sales to cover tax obligations are a standard practice across publicly listed companies.
• The number of shares sold and the price are specific to this individual and company, and would need to be compared to similar transactions at other companies to determine if they are in line with industry norms.

Stakeholder Impact

• The share sale has a minimal impact on shareholders as it is a small transaction by an executive to cover tax obligations.

Key Dates

Keywords

Stronghold Digital Mining, Richard J. Shaffer, Class A common stock, SEC Form 4, share sale, executive compensation, tax obligations