Form 4 for CORZ Core Scientific, Inc./tx
Accepted 2022-06-16 00:00:00 ET · period of report 2022-06-13 · accession 0001209191-22-037682 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022-06-16 | 2022-06-13 | CORZ | DUCHENE TODD M | EVP, GC, Sec | A - Grant | $0.00 | +3.20M | 3.20M | New | $0 | |
| 2022-06-16 | 2022-06-13 | CORZ | DUCHENE TODD M | EVP, GC, Sec | F - Tax | $2.02 | -542.8K | 2.66M | -17% | -$1.10M |
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 | 2022-06-13 | A | A | 3,200,304 | $0.00 | 3,200,304 | D | — | — | (F1) Represents restricted stock unit ("RSU") grants. These RSU grants previously were subject to milestone and time vesting. On June 13, 2022, the board of directors of the Issuer removed the milestone requirement. 1,566,830 of the RSUs vested immediately upon the removal of the milestone requirement; 333,352 will vest in monthly installments commencing on July 1, 2022; 200,018 will vest in 2 equal installments on June 12, 2022 and June 12, 2023; 300,028 will vest in 3 equal installments on January 1, 2023, January 1, 2024 and January 1, 2025; and 800,076 will vest in 4 equal annual installments commencing on June 24, 2022, provided that the Reporting Person continues to provide service to the Issuer on each vesting date. |
| 2 | Common | Common Stock | 2022-06-13 | F | D | 542,842 | $2.02 | 2,657,462 | D | — | — | (F2) Represents shares withheld to satisfy withholding tax obligations upon the vesting of RSUs. |