Todd Duchene - Jun 13, 2022 Form 4 Insider Report for Core Scientific, Inc./tx (CORZQ)

Role
EVP, GC and Secretary
Signature
/s/ Jason Minio, Attorney-in-Fact
Stock symbol
CORZQ
Transactions as of
Jun 13, 2022
Transactions value $
-$1,096,541
Form type
4
Date filed
6/16/2022, 09:37 PM
Previous filing
Jan 31, 2022
Next filing
Jun 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CORZQ Common Stock Award $0 +3.2M $0.00 3.2M Jun 13, 2022 Direct F1
transaction CORZQ Common Stock Tax liability -$1.1M -543K -16.96% $2.02 2.66M Jun 13, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock unit ("RSU") grants. These RSU grants previously were subject to milestone and time vesting. On June 13, 2022, the board of directors of the Issuer removed the milestone requirement. 1,566,830 of the RSUs vested immediately upon the removal of the milestone requirement; 333,352 will vest in monthly installments commencing on July 1, 2022; 200,018 will vest in 2 equal installments on June 12, 2022 and June 12, 2023; 300,028 will vest in 3 equal installments on January 1, 2023, January 1, 2024 and January 1, 2025; and 800,076 will vest in 4 equal annual installments commencing on June 24, 2022, provided that the Reporting Person continues to provide service to the Issuer on each vesting date.
F2 Represents shares withheld to satisfy withholding tax obligations upon the vesting of RSUs.