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

Role
Chief Financial Officer
Signature
/s/ Matthew Usdin, attorney-in-fact for Ricardo R. A. Larroude
Stock symbol
SDIG
Transactions as of
Oct 19, 2021
Transactions value $
$0
Form type
3
Date filed
10/19/2021, 09:30 PM

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 86.1K $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 3, 2021, the reporting person was granted a stock option to purchase 86,090 shares of restricted Class A common stock of the Issuer, which vests in 12 equal quarterly installments beginning on May 10, 2021, subject to continued service through each vesting date. Once exercised, such restricted stock cannot be sold without the approval of the board of directors of the Issuer.
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 247,939 at an exercise price of $9.33.

Remarks:

Exhibit List: Exhibit 24.1 - Power of Attorney