Denise Marie Brucia Sterling - Jun 13, 2022 Form 4 Insider Report for Core Scientific, Inc./tx (CORZQ)

Role
Chief Financial Officer
Signature
/s/ Jason Minio, Attorney-in-Fact
Stock symbol
CORZQ
Transactions as of
Jun 13, 2022
Transactions value $
-$83,992
Form type
4
Date filed
6/16/2022, 09:38 PM
Previous filing
Apr 12, 2022
Next filing
Aug 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CORZQ Common Stock Award $0 +560K $0.00 560K Jun 13, 2022 Direct F1
transaction CORZQ Common Stock Tax liability -$84K -41.6K -7.42% $2.02 518K 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. 120,011 of the RSUs vested immediately upon the removal of the milestone requirement; 360,034 will vest in 3 equal installments on July 9, 2022, July 9, 2023 and July 9, 2024; and 80,007 will vest in 4 equal annual installments commencing on January 18, 2023, 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.