Form 4: Stronghold Digital Mining Executive Sells Shares to Cover Taxes
SEC Form 4 Filing
Richard J. Shaffer, Senior Vice President of Stronghold Digital Mining, sold 2,083 shares of Class A common stock on March 18, 2024, to cover taxes related to vesting shares.
Summary
- Richard J. Shaffer, a Senior Vice President at Stronghold Digital Mining, Inc., sold 2,083 shares of Class A common stock on March 18, 2024.
- The sale was executed at a price of $3.9581 per share.
- The transaction was intended to cover taxes associated with the vesting and release of shares awarded as part of his compensation.
- Following the transaction, Shaffer directly owns 27,168 shares of Class A common stock.
Sentiment
Score: 5
Explanation: This is a neutral event; an executive selling shares to cover taxes is a normal part of compensation.
Industry Context
This is a routine transaction where an executive sells shares to cover tax obligations arising from the vesting of stock awards, a common practice in publicly traded companies.
Stakeholder Impact
- The sale of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect on shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/18/2024 | Date of transaction: Richard J. Shaffer sold 2,083 shares of Class A common stock. |
| 03/19/2024 | Date of signature: Form 4 signed by Matthew Usin as Attorney-in-fact for Richard J. Shaffer. |
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