Thomas Pacchia - Apr 21, 2023 Form 4 Insider Report for Stronghold Digital Mining, Inc. (SDIG)

Role
Director
Signature
/s/ Matthew Usdin, as Attorney-in-Fact for Thomas Pacchia
Stock symbol
SDIG
Transactions as of
Apr 21, 2023
Transactions value $
-$6,832
Form type
4
Date filed
4/25/2023, 04:46 PM
Previous filing
Jan 25, 2023
Next filing
Jul 12, 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 Award $0 +124K +70.43% $0.00 299K Apr 21, 2023 Direct
transaction SDIG Class A common stock, par value $0.0001 Award $10.7K +17.6K +5.88% $0.61 316K Apr 21, 2023 Direct

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) Disposed to Issuer -$17.5K -28.8K -100% $0.61 0 Apr 21, 2023 Class A common stock, par value $0.0001 28.8K $6.39 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Remarks:

The awards reported in Table I consists of the director's regular quarterly compensation of $25,000 worth of stock as well as a one-time grant to the director of the issuer of 100,000 shares, a portion of which was consideration for the cancellation of stock options reported in Table II and the remainder of which was in recognition of (i) the extraordinary contributions of the issuer's non-employee directors in connection with restructuring transactions consummated by the issuer in 2022, and (ii) the potential tax obligations incurred by the issuer's non-employee directors with respect to equity awards granted in early 2022.