4//SEC Filing
Sullivan Adam Taylor 4
Accession 0000905148-24-001725
CIK 0001839341other
Filed
Jun 16, 8:00 PM ET
Accepted
Jun 17, 4:19 PM ET
Size
9.1 KB
Accession
0000905148-24-001725
Insider Transaction Report
Form 4
Sullivan Adam Taylor
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2024-06-14+238,961→ 3,962,276 total - Award
Common Stock
2024-06-14+716,881→ 3,723,315 total - Award
Common Stock
2024-06-14+2,867,521→ 3,006,434 total
Footnotes (4)
- [F1]Represents a special one-time restricted stock unit ("RSU") grant. The RSUs will vest in substantially equal installments on each of the first four anniversaries of January 23, 2024, provided that the Reporting Person continues to provide service to the Issuer on each vesting date.
- [F2]Reported amount has been adjusted to reflect the acquisition of 45,160 shares of Common Stock that the Reporting Person received on April 3, 2024 for no consideration in connection with an in-kind distribution by XMS Capital Partners, LLC, which was exempt from Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), pursuant to Rule 16a-9 under the Exchange Act.
- [F3]Represents a regular annual RSU grant. 1/3 of the RSUs will vest on January 23, 2025, and the remaining 2/3 of the RSUs will vest in eight substantially equal installments on the conclusion of each calendar quarter thereafter, provided that the Reporting Person continues to provide service to the Issuer on each vesting date.
- [F4]Represents a regular annual performance-based RSU ("PSU") grant. The PSUs will vest in three substantially equal installments in the 2024, 2025 and 2026 calendar years upon the attainment of certain prescribed stock price hurdles, with certain adjustments for the 2025 and 2026 calendar years, if applicable, to allow for continued vesting eligibility to the extent the prescribed performance metrics were not achieved in a prior calendar year, provided that the Reporting Person continues to provide service to the Issuer on each vesting date.
Documents
Issuer
Core Scientific, Inc./tx
CIK 0001839341
Entity typeother
Related Parties
1- filerCIK 0001980208
Filing Metadata
- Form type
- 4
- Filed
- Jun 16, 8:00 PM ET
- Accepted
- Jun 17, 4:19 PM ET
- Size
- 9.1 KB