TODD DUCHENE - 12 Dec 2024 Form 4 Insider Report for Core Scientific, Inc./tx (CORZ)

Role
Chief Legal and Administrative Officer
Signature
/s/ Todd DuChene
Issuer symbol
CORZ
Transactions as of
12 Dec 2024
Transactions value $
$2,673
Form type
4
Filing time
16 Dec 2024, 16:23:32 UTC
Previous filing
09 Dec 2024
Next filing
03 Jan 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CORZ Common Stock Exercise of in-the-money or at-the-money derivative security $2,673 +267,301 +14.4% $0.0100 2,125,752 12 Dec 2024 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 CORZ Tranche 1 Warrants Gift $0 -20,000 -3.59% $0.000000 537,133 12 Dec 2024 Common Stock 20,000 $6.81 Direct F1
transaction CORZ Tranche 2 Warrants Exercise of in-the-money or at-the-money derivative security $0 -267,301 -100% $0.000000 0 12 Dec 2024 Common Stock 267,301 $0.0100 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects a charitable donation. Each whole Tranche 1 Warrant entitles the registered holder to purchase one whole share of the Issuer's common stock at an exercise price of $6.81 per share, subject to certain adjustments.
F2 Each whole Tranche 2 Warrant entitles the registered holder to purchase one whole share of the Issuer's common stock at an exercise price of $0.01 per share at any time following the time the volume weighted average price per share of the Issuer's common stock equals or exceeds $8.72 per share on each trading day for 20 consecutive trading days, subject to certain adjustments. The Tranche 2 Warrants became exercisable at the option of the registered holders on July 11, 2024.

Remarks:

Chief Legal and Administrative Officer