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

Role
Chief Financial Officer
Signature
/s/ Jason Minio, Attorney-in-Fact
Issuer symbol
CORZ
Transactions as of
13 Jun 2022
Net transactions value
-$83,992
Form type
4
Filing time
16 Jun 2022, 21:38:22 UTC
Previous filing
12 Apr 2022
Next filing
17 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CORZQ Common Stock Award $0 +560,052 $0.000000 560,052 13 Jun 2022 Direct F1
transaction CORZQ Common Stock Tax liability $83,992 -41,580 -7.4% $2.02 518,472 13 Jun 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.