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

What Happened
Todd M. Duchene, Core Scientific’s Chief Legal and Administrative Officer, disposed of a total of 21,205 CORZ shares on August 17, 2026. He sold 10,000 shares in an open-market sale for a weighted average price of $20.10 (proceeds ~$200,974) and 11,205 shares were withheld to cover tax obligations upon RSU vesting (reported at a weighted average price of $20.13, value ~$225,557). Combined proceeds/value of the transactions reported are roughly $426,531. The tax-withholding shares were surrendered to the issuer rather than an open-market sale.

Key Details

• Transaction date: August 17, 2026; Form 4 filed August 19, 2026.
• Open-market sale: 10,000 shares at a reported weighted average price of $20.10 (prices transacted ranged $19.74–$20.42).
• Tax withholding: 11,205 shares surrendered to satisfy RSU withholding obligations, reported at $20.13.
• Transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 5, 2025.
• Shares owned after the transactions: not specified in the provided filing excerpt.

Context

• The 11,205-share disposition was a tax-withholding event tied to RSU vesting (common and typically administrative), not necessarily a discretionary sale.
• The 10,000-share sale was an open-market sale executed under a pre-established 10b5-1 plan, which can indicate the trades were scheduled in advance.
• These are routine insider transactions; factual reporting here does not indicate the insider’s view of the company’s prospects.