William B. Spence - Nov 20, 2022 Form 4 Insider Report for Stronghold Digital Mining, Inc. (SDIG)

Role
10%+ Owner
Signature
/s/ William B. Spence
Stock symbol
SDIG
Transactions as of
Nov 20, 2022
Transactions value $
$1,329,675
Form type
4
Date filed
9/19/2023, 07:22 PM
Previous filing
Oct 19, 2021
Next 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 Conversion of derivative security $0 +100K $0.00 100K Nov 20, 2022 Direct F1, F2
transaction SDIG Class V common stock Other $0 -100K -10.64% $0.00 840K Nov 20, 2022 By Q Power LLC F1, F2, F3, F4
transaction SDIG Class A common stock Other $2.7M +250K +250% $10.80 350K Apr 19, 2023 Direct F2, F5, F6
transaction SDIG Class A Common Stock Sale -$26.6K -2.6K -0.74% $10.23 347K Apr 26, 2023 Direct F2, F7, F8
transaction SDIG Class A common stock Sale -$171K -17.1K -4.91% $10.05 330K Apr 27, 2023 Direct F2, F8, F9
transaction SDIG Class A Common Stock Sale -$32.2K -3.3K -1% $9.75 327K Apr 28, 2023 Direct F2, F8, F10
transaction SDIG Class A common stock Sale -$27.2K -2.87K -0.88% $9.49 324K May 1, 2023 Direct F2, F8, F11
transaction SDIG Class A common stock Sale -$103K -11.4K -3.51% $9.03 313K May 2, 2023 Direct F2, F8, F12
transaction SDIG Class A common stock Sale -$38.9K -4.35K -1.39% $8.94 308K May 4, 2023 Direct F2, F8, F13
transaction SDIG Class A common stock Sale -$106K -11.6K -3.76% $9.16 297K May 5, 2023 Direct F2, F8, F14
transaction SDIG Class A Common Stock Sale -$22.8K -2.5K -0.84% $9.10 294K May 8, 2023 Direct F2
transaction SDIG Class A common stock Sale -$93.4K -9.91K -3.37% $9.42 284K May 10, 2023 Direct F2, F8, F15
transaction SDIG Class A common stock Sale -$70.2K -11.2K -3.92% $6.30 273K May 16, 2023 Direct
transaction SDIG Class A common stock Sale -$128K -23.3K -8.52% $5.51 250K May 17, 2023 Direct F8, F16
transaction SDIG Class A Common Stock Conversion of derivative security $0 +200K +80% $0.00 450K May 18, 2023 Direct F1
transaction SDIG Class V Common Stock Other $0 -200K -23.82% $0.00 640K May 18, 2023 By Q Power LLC F1, F3, F4
transaction SDIG Class A common stock Sale -$101K -16.1K -3.59% $6.28 434K May 22, 2023 Direct F8, F17
transaction SDIG Class A common stock Sale -$9.5K -1.5K -0.35% $6.34 432K May 23, 2023 Direct F8, F18
transaction SDIG Class A common stock Sale -$123K -20K -4.63% $6.13 412K May 30, 2023 Direct F8, F19
transaction SDIG Class A common stock Sale -$14K -2.34K -0.56% $5.99 412K May 31, 2023 Direct F8, F20
transaction SDIG Class A common stock Sale -$68.7K -11.2K -2.73% $6.13 399K Jun 1, 2023 Direct F8, F21
transaction SDIG Class A common stock Sale -$23.4K -4K -1% $5.85 395K Jun 2, 2023 Direct F8, F22
transaction SDIG Class A common stock Sale -$21.1K -3.84K -0.97% $5.51 391K Jun 5, 2023 Direct F8, F23
transaction SDIG Class A common stock Sale -$41.2K -7.79K -1.99% $5.29 383K Jun 6, 2023 Direct F8, F24
transaction SDIG Class A common stock Sale -$41.7K -8.14K -2.12% $5.13 375K Jun 7, 2023 Direct F8, F25
transaction SDIG Class A common stock Sale -$21.5K -4.41K -1.18% $4.88 371K Jun 8, 2023 Direct F8, F26
transaction SDIG Class A common stock Sale -$34.3K -7.68K -2.07% $4.47 363K Jun 9, 2023 Direct F8, F27
transaction SDIG Class A common stock Sale -$17.6K -4.07K -1.12% $4.31 359K Jun 12, 2023 Direct F8, F28
transaction SDIG Class A common stock Sale -$33.4K -7.9K -2.2% $4.23 351K Jun 13, 2023 Direct F8, F29
holding SDIG Class A Common Stock 500 Nov 20, 2022 By Q Power LLC F2, F3, F4

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 SDIG Stronghold Digital Mining Holdings LLC Units Conversion of derivative security -100K -10.64% 840K Nov 20, 2022 Class A common stock, par value $0.0001 100K By Q Power LLC F1, F2, F3, F4, F30
transaction SDIG Stronghold Digital Mining Holdings LLC Units Conversion of derivative security -200K -23.82% 640K May 18, 2023 Class A common stock, par value $0.0001 200K By Q Power LLC F1, F2, F3, F4, F30
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects an exchange of common units ("Common Units") of Stronghold Digital Mining Holdings, LLC ("Stronghold LLC") together with the surrender and cancellation of the same number of Class V common stock for an equal number of shares of Class A common stock, pursuant to the Limited Liability Company Agreement of Stronghold LLC (as amended and restated, the "Stronghold LLC Agreement"). Transactions are exempt from Section 16(b) in reliance on Rule 16b-6(b).
F2 Amount of securities or price, as applicable, has been adjusted to reflect the 10:1 reverse stock split that occurred on May 16, 2023.
F3 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.
F4 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.
F5 Reflects a one-time grant of 250,000 fully vested shares of the Issuer's Class A common stock pursuant to the terms of an independent consulting agreement dated April 19, 2023 (the "Consulting Agreement"), between the Issuer and the reporting person.
F6 Reflects the closing price of a share of the Issuer's Class A common stock on The Nasdaq Global Market on the grant date with respect to the one-time grant of 250,000 fully vested shares of the Issuer's Class A common stock pursuant to the terms of the Consulting Agreement, representing bargained-for consideration. This is a payment of compensation for services under the Consulting Agreement.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.20 to $10.40, inclusive.
F8 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 shares sold at each separate price within the ranges set forth in Column 4 for such transaction.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.00 to $10.20, inclusive.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.70 to $9.783, inclusive.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.30 to $9.70, inclusive.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.00 to $9.10, inclusive.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.80 to $9.2010, inclusive.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.90 to $9.6470, inclusive.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.20 to $9.715, inclusive.
F16 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.31 to $5.72, inclusive.
F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.25 to $6.35, inclusive.
F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.33 to $6.34, inclusive.
F19 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.01 to $6.37, inclusive.
F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.76 to $6.2697, inclusive.
F21 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.96 to $6.45, inclusive.
F22 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.62 to $6.15, inclusive.
F23 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.30 to $5.72, inclusive.
F24 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.05 to $5.61, inclusive.
F25 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.90 to $5.47, inclusive.
F26 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.75 to $5.07, inclusive.
F27 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.32 to $4.86, inclusive.
F28 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.21 to $4.48, inclusive.
F29 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.12 to $4.46, inclusive.
F30 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.