Matthew J. Smith - 29 Apr 2022 Form 4 Insider Report for Stronghold Digital Mining, Inc. (SDIG)

Role: Chief Financial Officer, Director
Signature: /s/ Matthew Usdin, as Attorney-in-Fact for Matthew J. Smith
Issuer symbol: SDIG
Transactions as of: 29 Apr 2022
Transactions value $: $1,001,000
Form type: 4
Filing time: 02 May 2022, 17:23:43
Previous filing: 12 Apr 2022
Next filing: 17 Mar 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	Award	$1M	+250K	+5838.78%	$4.00	255K	29 Apr 2022	Direct

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

Remarks:

1. On April 28, 2022, the reporting person was granted 250,250 shares of restricted Class A common stock of the Issuer, of which 200,000 shares vest in 12 equal quarterly installments subject to continued service through each vesting date, and 50,250 are Long-Term RSU Awards that (i) vest in quarterly installments over three (3) years and (ii) become 50% vested upon a change in control that results in the Participant's termination of employment by the Company for any reason or by the Participant for good reason within one (1) year following such change in control. Once vested, such restricted stock cannot be sold without the approval of the board of directors of the Issuer.