Todd M. Duchene - 19 Jul 2024 Form 4 Insider Report for Core Scientific, Inc./tx (CORZ)

Signature
/s/ Todd DuChene
Issuer symbol
CORZ
Transactions as of
19 Jul 2024
Net transactions value
$0
Form type
4
Filing time
22 Jul 2024, 16:35:16 UTC
Previous filing
27 Jun 2024
Next filing
19 Aug 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CORZ Common Stock Award $0 +1,003,633 +279% $0.000000 1,363,510 19 Jul 2024 Direct F1
transaction CORZ Common Stock Award $0 +250,909 +18% $0.000000 1,614,419 19 Jul 2024 Direct F2
transaction CORZ Common Stock Award $0 +83,637 +5.2% $0.000000 1,698,056 19 Jul 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a special one-time restricted stock unit ("RSU") grant. The RSUs will vest in substantially equal installments on each of the first four anniversaries of December 31, 2023, provided that the Reporting Person continues to provide service to the Issuer on each vesting date.
F2 Represents a regular annual RSU grant. 1/3 of the RSUs will vest on January 23, 2025, and the remaining 2/3 of the RSUs will vest in eight substantially equal installments on the conclusion of each calendar quarter thereafter, provided that the Reporting Person continues to provide service to the Issuer on each vesting date.
F3 Represents a regular annual performance-based RSU ("PSU") grant. The PSUs will vest in three substantially equal installments in the 2024, 2025 and 2026 calendar years upon the attainment of certain prescribed stock price hurdles, with certain adjustments for the 2025 and 2026 calendar years, if applicable, to allow for continued vesting eligibility to the extent the prescribed performance metrics were not achieved in a prior calendar year, provided that the Reporting Person continues to provide service to the Issuer on each vesting date.

Remarks:

Chief Legal and Administrative Officer