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

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Matthew Usdin, attorney-in-fact for Gregory A. Beard
Issuer symbol
N/A
Transactions as of
19 Sep 2022
Net transactions value
+$999,999
Form type
4
Filing time
21 Sep 2022, 17:56:19 UTC
Previous filing
23 Nov 2021
Next filing
25 Jan 2023
SEC
View on sec.gov

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 $999,999 +602,409 $1.66 602,409 19 Sep 2022 Direct F1
holding SDIG Class A common stock, par value $0.0001 14,400 19 Sep 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 +602,409 602,409 19 Sep 2022 Class A common stock, par value $0.0001 602,409 $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.