Greenidge Generation Holdings Inc.·4

Mar 13, 6:37 PM ET

Irwin Dale 4

Research Summary

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Updated

Greenidge (GREE) President Irwin Dale Receives 110,000 RSUs; 39,655 Withheld

What Happened

  • Irwin Dale, President of Greenidge Generation Holdings (GREE), was granted 110,000 restricted stock units (RSUs) on 2026-03-04 that vested immediately (acquired at $0.00).
  • On 2026-03-11, 39,655 shares were withheld to cover the tax liability related to the vesting; those shares were reported as disposed at $1.38 per share for total value of $54,724. This withholding is reported as tax payment, not a discretionary open-market sale.

Key Details

  • Grant date / acquisition: 2026-03-04 — 110,000 RSUs (each RSU converts to one share); reported acquisition price $0.00. (Footnote F2: bonus RSUs for FY2025 under the 2021 Equity Incentive Plan; vested immediately.)
  • Tax withholding / disposition: 2026-03-11 — 39,655 shares withheld @ $1.38 = $54,724. (Footnote F3: withholding to cover tax liability, not a discretionary sale.)
  • Filing: Form 4 filed 2026-03-13; filing was late. (Footnote F1: delay due to issuer's migration to a new employee stock administration platform; not attributed to an error by the reporting person.)
  • Shares owned after transaction: Not specified in the filing.

Context

  • These transactions are compensation-related: RSUs were granted and vested immediately, and a portion of the resulting shares were withheld to satisfy taxes. That withholding is routine and does not necessarily indicate insider sentiment about the stock.
  • The late filing is explained by the issuer as an administrative migration issue; retail investors should note the late report but the substance of the transactions (award + tax withholding) is straightforward.