Core Scientific (CORZ) Chief Legal Officer Withholds 4,325 Shares

What happened Todd M. Duchene, Core Scientific's Chief Legal and Administrative Officer, had 4,325 shares withheld on July 16, 2026 to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs). The withholding price was $22.72 per share, resulting in withheld value of approximately $98,264. This was a tax-withholding disposition (Form 4 code F), not an open-market sale or purchase.

Key details

• Transaction date: 2026-07-16; filing date: 2026-07-20 (reported on SEC Accession 0000905148-26-003287).
• Shares withheld: 4,325; withholding price: $22.72; total value withheld: ~$98,264.
• Footnote: Represents shares withheld to satisfy withholding tax obligations upon RSU vesting (F1).
• Shares owned after the transaction: Not specified in the provided filing details.
• Type of transaction: Tax withholding on vested RSUs (routine administrative action, SEC transaction code F).

Context Withholding shares to cover taxes on vested RSUs is a common administrative step and does not necessarily signal an insider's view of the company's stock—unlike open-market purchases or sales. This was a cashless-style withholding (the company retained shares rather than the insider selling in the market), reducing the insider's net share count by the withheld amount.