DUCHENE TODD M 4
4 · Core Scientific, Inc./tx · Filed Jun 17, 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 June 15, 2026, disposing of 9,900 shares (reported at $28.19 each, $279,056) and 100 shares (reported at $28.79, $2,879). The combined proceeds reported are approximately $281,935. These were sales (not purchases), which are often routine officer liquidity events.
Key Details
- Transaction date: 2026-06-15; Form 4 filed: 2026-06-17 (timely filing).
- Reported sales: 9,900 shares @ $28.19 (disposed) = $279,056; 100 shares @ $28.79 (disposed) = $2,879. Total ≈ $281,935.
- Footnote F1: Transactions were executed pursuant to a Rule 10b5-1 trading plan adopted Dec 5, 2025.
- Footnote F2: The filing notes the reported price is a weighted average and the shares were sold across prices ranging from $27.64 to $28.54; the filer can provide detail on shares sold at each price on request.
- Shares owned after the transaction: not provided in the information supplied here.
Context
Sales executed under a pre-established Rule 10b5-1 plan are typically scheduled in advance and indicate the insider was following a trading plan rather than making an ad-hoc market-timing decision. Sales do not necessarily signal negative company outlook; they often reflect personal liquidity needs or portfolio management.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-06-15$28.19/sh−9,900$279,056→ 2,058,995 total - Sale
Common Stock
[F1]2026-06-15$28.79/sh−100$2,879→ 2,058,895 total
Footnotes (2)
- [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 $27.64 to $28.54, 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.