Form 4 for CORZ Core Scientific, Inc./tx
Accepted 2024-06-17 00:00:00 ET · period of report 2024-06-14 · accession 0000905148-24-001725 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2024-06-17 | 2024-06-14 | CORZ | Sullivan Adam Taylor | CEO, Dir | A - Grant | $0.00 | +3.82M | 3.72M | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-06-14 | A | A | 238,961 | $0.00 | 3,962,276 | D | — | — | (F4) Represents a regular annual performance-based RSU ("PSU") grant. The PSUs will vest in three substantially equal installments in the 2024, 2025 and 2026 calendar years upon the attainment of certain prescribed stock price hurdles, with certain adjustments for the 2025 and 2026 calendar years, if applicable, to allow for continued vesting eligibility to the extent the prescribed performance metrics were not achieved in a prior calendar year, provided that the Reporting Person continues to provide service to the Issuer on each vesting date. |
| 2 | Common | Common Stock | 2024-06-14 | A | A | 2,867,521 | $0.00 | 3,006,434 | D | — | — | (F1) Represents a special one-time restricted stock unit ("RSU") grant. The RSUs will vest in substantially equal installments on each of the first four anniversaries of January 23, 2024, provided that the Reporting Person continues to provide service to the Issuer on each vesting date. (F2) Reported amount has been adjusted to reflect the acquisition of 45,160 shares of Common Stock that the Reporting Person received on April 3, 2024 for no consideration in connection with an in-kind distribution by XMS Capital Partners, LLC, which was exempt from Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), pursuant to Rule 16a-9 under the Exchange Act. |
| 3 | Common | Common Stock | 2024-06-14 | A | A | 716,881 | $0.00 | 3,723,315 | D | — | — | (F3) Represents a regular annual RSU grant. 1/3 of the RSUs will vest on January 23, 2025, and the remaining 2/3 of the RSUs will vest in eight substantially equal installments on the conclusion of each calendar quarter thereafter, provided that the Reporting Person continues to provide service to the Issuer on each vesting date. |