Gregory A. Beard - Sep 19, 2022 Form 4 Insider Report for Stronghold Digital Mining, Inc. (SDIG)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Matthew Usdin, attorney-in-fact for Gregory A. Beard
Stock symbol: SDIG
Transactions as of: Sep 19, 2022
Transactions value $: $999,999
Form type: 4
Date filed: 9/21/2022, 05:56 PM
Previous filing: Nov 23, 2021
Next filing: Jan 25, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SDIG	Class A common stock, par value $0.0001	Purchase	$1M	+602K		$1.66	602K	Sep 19, 2022	Direct	F1
holding	SDIG	Class A common stock, par value $0.0001						14.4K	Sep 19, 2022	By Q Power LLC	F2, F3

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	Warrants (to purchase Class A common stock)	Purchase		+602K			602K	Sep 19, 2022	Class A common stock, par value $0.0001	602K	$1.75	Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person purchased 602,409 shares of Stronghold Digital Mining, Inc.'s (the "Issuer") Class A common stock, par value $0.0001 per share ("Common Stock") and warrants to purchase 602,409 shares of Common Stock, pursuant to a securities purchase agreement by and between the Reporting Person and the Issuer, dated as of September 13, 2022 (the "Securities Purchase Agreement"), as part of a private placement for an aggregate purchase price of approximately $1.0 million.
F2	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.
F3	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.
F4	The warrants are exercisable immediately and will expire five and one-half years from the date of issuance.