William B. Spence - Dec 28, 2023 Form 4 Insider Report for Stronghold Digital Mining, Inc. (SDIG)

Role
10%+ Owner
Signature
/S/ William B. Spence
Stock symbol
SDIG
Transactions as of
Dec 28, 2023
Transactions value $
-$2,422,400
Form type
4
Date filed
1/2/2024, 09:00 AM
Previous filing
Sep 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SDIG Class A common stock Sale -$2.01M -205K -40.9% $9.85 295K Dec 28, 2023 Direct F1, F2
transaction SDIG Class A common stock Sale -$2.06K -200 -0.07% $10.31 295K Dec 28, 2023 Direct
transaction SDIG Class A common stock Sale -$405K -42.1K -14.24% $9.64 253K Dec 29, 2023 Direct F3
holding SDIG Class V common stock 979K Dec 28, 2023 By Q Power LLC F4, F5, F6
holding SDIG Class A common stock 500 Dec 28, 2023 By Q Power LLC F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.31to $10.30, inclusive.
F2 Reflects direct ownership of Class A common stock following transactions reported on July 17, 2023.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.16 to $10.01, inclusive.
F4 The reporting person is a managing member of Q Power LLC and may be deemed to be the beneficial owner of the securities held directly by Q Power LLC.
F5 The reporting person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of, or has any pecuniary interests in, such securities for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, or for any other purpose.
F6 Each share of Class V common stock has no economic right but entitles its holder to one vote on all matters to be voted on by shareholders generally. At the request of the holder, each Common Unit of Stronghold LLC may be coupled with a share of Class V common stock and redeemed for, at the Issuer's election and subject to certain restrictions in the Stronghold LLC Agreement, newly issued shares of Class A common stock of the Issuer on a one-for-one basis or for a cash payment to be determined pursuant to the Stronghold LLC Agreement for each Common Unit redeemed. The Common Units do not expire.