DUCHENE TODD M 4
4 · Core Scientific, Inc./tx · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
Core Scientific (CORZ) Chief Legal & Admin Officer Todd Duchene Sells Shares
What Happened
Todd M. Duchene, Core Scientific's Chief Legal and Administrative Officer, reported multiple dispositions at the end of June 2026. On 2026-06-29 he sold 8,800 shares at a reported weighted-average price of $25.99 (proceeds $228,701), 1,100 shares at $27.42 (proceeds $30,162) and 100 shares at $27.95 (proceeds $2,795) — total open-market sales of 10,000 shares for about $261,658. On 2026-06-30 there was a disposition of 5,469 shares reported as payment for tax withholding upon RSU vesting at $25.59 (value $139,952). Combined, the transactions are reported at roughly $401,610. The sales were executed under a pre-arranged Rule 10b5-1 trading plan and the tax-withholding reflects RSU vesting rather than an open-market sale.
Key Details
- Transaction dates: 2026-06-29 (open-market sales) and 2026-06-30 (tax withholding on RSU vesting).
- Prices and proceeds: 8,800 @ $25.99 = $228,701; 1,100 @ $27.42 = $30,162; 100 @ $27.95 = $2,795; 5,469 @ $25.59 = $139,952. Total ≈ $401,610.
- Footnotes: Trades were executed under a Rule 10b5-1 plan adopted 2025-12-05 (F1). Reported sale prices are weighted averages; per-footnote ranges are provided for the sales (F2/F3) and the filer will provide per-price breakdowns on request. F4 notes shares were withheld to satisfy tax withholding on RSU vesting.
- Shares owned after transaction: not specified in the excerpt provided.
- Filing timeliness: Form 4 was filed 2026-07-01 for transactions on 6/29–6/30; this appears to be within the standard Form 4 reporting window (generally two business days).
Context and plain-language notes: Sales made under a Rule 10b5-1 plan are pre-arranged trading programs and are often routine; the 5,469-share disposition was a withholding to cover taxes on vested restricted stock units (not an open-market sale). For most retail investors, purchases tend to be more informative about insider conviction; these reported sales and tax-withholding are consistent with routine compensation and pre-planned selling.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-06-29$25.99/sh−8,800$228,701→ 2,040,095 total - Sale
Common Stock
[F1][F3]2026-06-29$27.42/sh−1,100$30,162→ 2,038,995 total - Sale
Common Stock
[F1]2026-06-29$27.95/sh−100$2,795→ 2,038,895 total - Tax Payment
Common Stock
[F4]2026-06-30$25.59/sh−5,469$139,952→ 2,033,426 total
Footnotes (4)
- [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 $25.56 to $26.41, 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 $26.86 to $27.84, 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.
- [F4]Represents shares withheld to satisfy withholding tax obligations upon the vesting of restricted stock units.