DUCHENE TODD M 4
4 · Core Scientific, Inc./tx · Filed May 13, 2026
Research Summary
AI-generated summary of this filing
Core Scientific (CORZ) Chief Legal Officer Todd Duchene Sells Shares
What Happened
Todd M. Duchene, Core Scientific’s Chief Legal and Administrative Officer, sold a total of 10,000 shares in open-market transactions on May 11, 2026, for aggregate proceeds of approximately $232,420. The filing breaks the sales into: 2,600 shares at a weighted-average price of $22.82 (proceeds $59,322) and 7,400 shares at a weighted-average price of $23.39 (proceeds $173,098). These were sales (S) — not purchases — and thus are not a direct bullish signal; they appear to have been executed under a pre-established trading plan.
Key Details
- Transaction date: May 11, 2026 (filed May 13, 2026 — appears timely).
- Reported prices: weighted-average $22.82 (2,600 sh; range $22.13–$23.11) and $23.39 (7,400 sh; range $23.13–$23.72).
- Total shares sold: 10,000; total proceeds: ~$232,420.
- Shares owned after transaction: Not specified in the provided filing details.
- Notable footnotes: Transactions were effected pursuant to a Rule 10b5-1 trading plan adopted Dec 5, 2025; the reported prices are weighted averages and were achieved via multiple trades within the stated price ranges.
- Transaction code: S = Sale.
Context
Sales under a 10b5-1 plan are typically pre-set instructions that allow insiders to sell shares on a scheduled basis and are commonly treated as routine liquidity events rather than direct statements about company prospects. No options were exercised and no gifts or tax-withholding events were reported in this filing.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-05-11$22.82/sh−2,600$59,322→ 1,977,748 total - Sale
Common Stock
[F1][F3]2026-05-11$23.39/sh−7,400$173,098→ 1,970,348 total
Footnotes (3)
- [F1]The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 5, 2025.
- [F2]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.13 to $23.11, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
- [F3]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.13 to $23.72, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.