Spence William B. 4

Accession 0000950170-23-048871

CIK 0001856028other

View on SEC.gov Company Profile

Filed

Sep 18, 8:00 PM ET

Accepted

Sep 19, 7:22 PM ET

Size

60.0 KB

Accession

0000950170-23-048871

Insider Transaction Report

Form 4

Period: 2022-11-20

Stronghold Digital Mining, Inc.SDIG

Spence William B.

Director10% Owner

Transactions

Other
Class V common stock
2022-11-20−100,000→ 839,500 total(indirect: By LLC)
Sale
Class A Common Stock
2023-04-26$10.23/sh−2,602$26,620→ 347,398 total
Sale
Class A Common Stock
2023-05-08$9.10/sh−2,500$22,750→ 294,355 total
Sale
Class A common stock
2023-05-16$6.30/sh−11,150$70,245→ 273,292 total
Sale
Class A common stock
2023-05-23$6.34/sh−1,500$9,505→ 432,351 total
Sale
Class A common stock
2023-05-31$5.99/sh−2,341$14,023→ 412,351 total
Sale
Class A common stock
2023-06-02$5.85/sh−4,000$23,386→ 394,810 total
Sale
Class A common stock
2023-06-08$4.88/sh−4,413$21,519→ 370,636 total
Sale
Class A common stock
2023-06-12$4.31/sh−4,073$17,552→ 358,887 total
Sale
Class A Common Stock
2023-04-28$9.75/sh−3,302$32,182→ 327,043 total
Sale
Class A common stock
2023-05-01$9.49/sh−2,870$27,237→ 324,174 total
Sale
Class A common stock
2023-05-04$8.94/sh−4,349$38,891→ 308,445 total
Sale
Class A common stock
2023-05-22$6.28/sh−16,149$101,375→ 433,851 total
Sale
Class A common stock
2023-05-30$6.13/sh−20,000$122,504→ 412,351 total
Sale
Class A common stock
2023-06-01$6.13/sh−11,200$68,696→ 398,810 total
Conversion
Class A common stock
2022-11-20+100,000→ 100,000 total
Other
Class A common stock
2023-04-19$10.80/sh+250,000$2,700,000→ 350,000 total
Sale
Class A common stock
2023-04-27$10.05/sh−17,053$171,418→ 330,345 total
Sale
Class A common stock
2023-05-02$9.03/sh−11,379$102,698→ 312,794 total
Sale
Class A common stock
2023-05-05$9.16/sh−11,590$106,159→ 296,855 total
Sale
Class A common stock
2023-05-10$9.42/sh−9,913$93,401→ 284,442 total
Sale
Class A common stock
2023-05-17$5.51/sh−23,292$128,365→ 250,000 total
Conversion
Class A Common Stock
2023-05-18+200,000→ 450,000 total
Other
Class V Common Stock
2023-05-18−200,000→ 639,500 total(indirect: By LLC)
Sale
Class A common stock
2023-06-06$5.29/sh−7,791$41,230→ 383,184 total
Sale
Class A common stock
2023-06-09$4.47/sh−7,676$34,314→ 362,960 total
Conversion
Stronghold Digital Mining Holdings LLC Units
2022-11-20−100,000→ 839,500 total(indirect: By LLC)
→ Class A common stock, par value $0.0001 (100,000 underlying)
Sale
Class A common stock
2023-06-05$5.51/sh−3,835$21,129→ 390,975 total
Sale
Class A common stock
2023-06-07$5.13/sh−8,135$41,719→ 375,049 total
Sale
Class A common stock
2023-06-13$4.23/sh−7,901$33,408→ 350,986 total
Conversion
Stronghold Digital Mining Holdings LLC Units
2023-05-18−200,000→ 639,500 total(indirect: By LLC)
→ Class A common stock, par value $0.0001 (200,000 underlying)

Holdings

Class A Common Stock
(indirect: By LLC)
500

Footnotes (30)

[F1]Reflects an exchange of common units ("Common Units") of Stronghold Digital Mining Holdings, LLC ("Stronghold LLC") together with the surrender and cancellation of the same number of Class V common stock for an equal number of shares of Class A common stock, pursuant to the Limited Liability Company Agreement of Stronghold LLC (as amended and restated, the "Stronghold LLC Agreement"). Transactions are exempt from Section 16(b) in reliance on Rule 16b-6(b).
[F10]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.70 to $9.783, inclusive.
[F11]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.30 to $9.70, inclusive.
[F12]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.00 to $9.10, inclusive.
[F13]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.80 to $9.2010, inclusive.
[F14]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.90 to $9.6470, inclusive.
[F15]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.20 to $9.715, inclusive.
[F16]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.31 to $5.72, inclusive.
[F17]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.25 to $6.35, inclusive.
[F18]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.33 to $6.34, inclusive.
[F19]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.01 to $6.37, inclusive.
[F2]Amount of securities or price, as applicable, has been adjusted to reflect the 10:1 reverse stock split that occurred on May 16, 2023.
[F20]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.76 to $6.2697, inclusive.
[F21]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.96 to $6.45, inclusive.
[F22]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.62 to $6.15, inclusive.
[F23]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.30 to $5.72, inclusive.
[F24]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.05 to $5.61, inclusive.
[F25]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.90 to $5.47, inclusive.
[F26]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.75 to $5.07, inclusive.
[F27]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.32 to $4.86, inclusive.
[F28]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.21 to $4.48, inclusive.
[F29]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.12 to $4.46, inclusive.
[F3]The reporting person is a managing member of Q Power LLC and may be deemed to be the beneficial owner of the securities held directly by Q Power LLC.
[F30]Each share of Class V common stock has no economic right but entitles its holder to one vote on all matters to be voted on by shareholders generally. At the request of the holder, each Common Unit of Stronghold LLC may be coupled with a share of Class V common stock and redeemed for, at the Issuer's election and subject to certain restrictions in the Stronghold LLC Agreement, newly issued shares of Class A common stock of the Issuer on a one-for-one basis or for a cash payment to be determined pursuant to the Stronghold LLC Agreement for each Common Unit redeemed. The Common Units do not expire.
[F4]The reporting person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of, or has any pecuniary interests in, such securities for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, or for any other purpose.
[F5]Reflects a one-time grant of 250,000 fully vested shares of the Issuer's Class A common stock pursuant to the terms of an independent consulting agreement dated April 19, 2023 (the "Consulting Agreement"), between the Issuer and the reporting person.
[F6]Reflects the closing price of a share of the Issuer's Class A common stock on The Nasdaq Global Market on the grant date with respect to the one-time grant of 250,000 fully vested shares of the Issuer's Class A common stock pursuant to the terms of the Consulting Agreement, representing bargained-for consideration. This is a payment of compensation for services under the Consulting Agreement.
[F7]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.20 to $10.40, inclusive.
[F8]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 the ranges set forth in Column 4 for such transaction.
[F9]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.00 to $10.20, inclusive.

Documents

1 file

4
ownership.xmlPrimary
4

Issuer

Stronghold Digital Mining, Inc.

CIK 0001856028

→

Entity typeother

Related Parties

filerCIK 0001886681

Filing Metadata

Form type: 4
Filed: Sep 18, 8:00 PM ET
Accepted: Sep 19, 7:22 PM ET
Size: 60.0 KB

View on SEC.gov