Greenidge Generation Holdings Inc. 8-K

What Happened
Greenidge Generation Holdings Inc. (GREE) filed an 8-K on April 16, 2026 reporting that directors Kenneth Fearn and Christopher Krug resigned from the company’s Board of Directors effective April 15, 2026. Mr. Fearn served on the Audit Committee and Mr. Krug served on the Compensation Committee. The company stated neither resignation resulted from any disagreement with the company.

Key Details

• Resignation effective date: April 15, 2026.
• The Compensation Committee approved full, accelerated vesting of outstanding and unvested restricted stock units (RSUs) granted to each departing director on April 17, 2025 and November 9, 2025.
• As approved, 174,107 RSUs held by each of Mr. Fearn and Mr. Krug vested in full as of the resignation date, under the Third Amended and Restated 2021 Equity Incentive Plan and applicable award documents.

Why It Matters
Board departures change governance and committee composition (Audit and Compensation committees lost members), so investors should watch for notices about new director appointments and committee reassignments. The accelerated vesting causes immediate vesting of a significant number of RSUs for each departing director, which the company will account for under its equity incentive plan and disclose in its periodic reports.