Core Scientific (CORZ) CLO Todd Duchene Sells Shares

What Happened
Todd M. Duchene, Chief Legal and Administrative Officer of Core Scientific (CORZ), reported two transactions: an open‑market sale of 10,000 shares on 2026-09-08 for a weighted average price of $18.67 (total $186,735), and a gift/transfer of 95,000 shares on 2026-09-09 reported with no cash proceeds.

Key Details

• Sale: 10,000 shares sold on 2026-09-08; weighted average price $18.67; total proceeds $186,735. Report notes sales occurred across prices from $18.18 to $19.02. (F2)
• Gift/Transfer: 95,000 shares disposed as a gift on 2026-09-09; reported $0 proceeds. Footnote indicates this reflects a charitable donation. (F5)
• Sale method: The sale was executed under a Rule 10b5-1 trading plan adopted Dec 5, 2025. (F1)
• Additional transfer: Filing also references a transfer of 700,000 shares to a grantor retained annuity trust (GRAT) on Sep 10, 2026 that was exempt from Section 16 reporting. (F3, F4)
• Shares owned after transaction: Not specified in this Form 4.
• Filing timeliness: Form filed 2026-09-10 for transactions dated 2026-09-08/09 — appears timely (no late filing indicated).

Context

• The sale was completed under a pre-established 10b5-1 plan, which is a pre-set trading arrangement that can limit inference about intent.
• The 95,000‑share gift is a non‑cash transfer (charitable donation/transfer) and generally should not be read as a market sentiment signal.
• Transfers to a GRAT are estate/planning moves and were reported as exempt under Rule 16a-13; these are administrative and do not represent open‑market trades.