Thomas Pacchia - Oct 19, 2021 Form 3 Insider Report for Stronghold Digital Mining, Inc. (SDIG)

Role
Director
Signature
/s/ Matthew Usdin, attorney-in-fact for Thomas J. Pacchia
Stock symbol
SDIG
Transactions as of
Oct 19, 2021
Transactions value $
$0
Form type
3
Date filed
10/19/2021, 09:30 PM
Next filing
Oct 26, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding SDIG Stock Option (Right to Buy) Oct 19, 2021 Class A common stock, par value $0.0001 10K $26.87 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 8, 2021, the reporting person was granted a stock option to purchase 10,000 shares of Class A common stock of the Issuer, which vests on the first anniversary of the closing of the Issuer's initial public offering, which closing is currently contemplated to be October 22, 2021, subject to continued service through the vesting date.
F2 Does not give effect to 2.88-for-1 stock split, which the Issuer expects to effect in connection with the closing of its initial public offering on October 22, 2021. After giving effect to such split, the number of securities underlying the option will be 28,800 at an exercise price of $9.33.

Remarks:

Exhibit List: Exhibit 24.1 - Power of Attorney