4//SEC Filing
Sullivan Adam Taylor 4
Accession 0000905148-24-002307
CIK 0001839341other
Filed
Aug 19, 8:00 PM ET
Accepted
Aug 20, 7:44 PM ET
Size
7.4 KB
Accession
0000905148-24-002307
Insider Transaction Report
Form 4
Sullivan Adam Taylor
DirectorChief Executive Officer
Transactions
- Exercise of In-Money
Common Stock
2024-08-16$0.01/sh+95,303$953→ 4,057,579 total - Exercise of In-Money
Tranche 2 Warrants
2024-08-16−95,303→ 0 totalExercise: $0.01Exp: 2029-01-23→ Common Stock (95,303 underlying)
Footnotes (2)
- [F1]The Reporting Person received 95,303 Tranche 2 Warrants on April 3, 2024 for no consideration in connection with an in-kind distribution by XMS Capital Partners, LLC, which acquisition 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.
- [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.
Documents
Issuer
Core Scientific, Inc./tx
CIK 0001839341
Entity typeother
Related Parties
1- filerCIK 0001980208
Filing Metadata
- Form type
- 4
- Filed
- Aug 19, 8:00 PM ET
- Accepted
- Aug 20, 7:44 PM ET
- Size
- 7.4 KB