Yadin Rozov - 13 May 2024 Form 4 Insider Report for Core Scientific, Inc./tx (CORZ)

Role
Director
Signature
/s/ Todd DuChene, as Attorney-in-Fact
Issuer symbol
CORZ
Transactions as of
13 May 2024
Net transactions value
+$264,684
Form type
4
Filing time
15 May 2024, 16:02:54 UTC
Previous filing
18 Mar 2024
Next filing
28 May 2024

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
transaction CORZ Tranche 2 Warrants Purchase $264,684 +105,000 +117% $2.52 195,000 13 May 2024 Common Stock 105,000 $0.0100 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each whole Tranche 2 Warrant entitles the registered holder to purchase one whole share of the Issuer's common stock at an exercise price of $0.01 per share at any time following the time the volume weighted average price per share of the Issuer's common stock equals or exceeds $8.72 per share on each trading day for 20 consecutive trading days, subject to certain adjustments.
F2 The price reported is a weighted average price. These Tranche 2 Warrants were purchased in multiple transactions at prices ranging from $2.48 to $2.55, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Tranche 2 Warrants purchased at each separate price within such range.