Core Scientific (CORZ) Chief Legal Officer Todd Duchene Sells 10,000 Shares

What Happened

• Todd M. Duchene, Chief Legal and Administrative Officer of Core Scientific, sold a total of 10,000 shares in open-market transactions on August 3, 2026, generating roughly $222,340 in proceeds. The sales occurred in three tranches: 1,000 shares at a weighted average price of $20.39 ($19.99–$20.72), 1,500 shares at $21.55 ($21.03–$21.95), and 7,500 shares at $22.62 ($22.12–$22.95). These were outright sales (transaction code S), not purchases or option exercises.

Key Details

• Transaction date: August 3, 2026; Form 4 filed August 5, 2026 (timely filing).
• Breakdown:
  • 1,000 shares @ WAP $20.39 (range $19.99–$20.72) — $20,390
  • 1,500 shares @ WAP $21.55 (range $21.03–$21.95) — $32,325
  • 7,500 shares @ WAP $22.62 (range $22.12–$22.95) — $169,625
• Total shares sold: 10,000; total proceeds ~ $222,340.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Notable footnotes: sales were effected pursuant to a Rule 10b5-1 trading plan adopted Dec 5, 2025; reported prices are weighted averages and the reporting person can provide per-trade price details on request.

Context

• These were sales under a pre-arranged 10b5-1 plan, which typically means trades were scheduled in advance and may not reflect the insider’s current view of the company. Sales are common for liquidity or diversification and, unlike purchases, are usually less indicative of a bullish signal.