DUCHENE TODD M 4
Research Summary
AI-generated summary
Core Scientific (CORZ) Chief Legal & Administrative Officer Todd Duchene Sells 10,000 Shares
What Happened Todd M. Duchene, Core Scientific's Chief Legal and Administrative Officer, sold 10,000 shares of CORZ in an open-market transaction on May 26, 2026. The filing reports a weighted average price of $26.25 and total proceeds of $262,540. This was a sale (not a purchase or option exercise) and was effected under a pre-established Rule 10b5‑1 trading plan.
Key Details
- Transaction date: May 26, 2026; Form 4 filed May 28, 2026 (appears timely).
- Reported price: weighted average $26.25; individual trades ranged from $25.81 to $26.75 (footnote).
- Shares sold: 10,000; proceeds reported $262,540.
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Notable footnotes: (1) Sale executed under a Rule 10b5‑1 plan adopted Dec 5, 2025; (2) price is a weighted average over multiple transactions and the filer will provide breakdown on request.
- Role/remark: Chief Legal and Administrative Officer.
Context Sales executed under 10b5‑1 plans are generally pre-scheduled and do not, by themselves, indicate a change in the insider's view of the company. This filing reports a routine open‑market sale rather than an option exercise, gift, or compensation-related transfer.