Core Scientific CAO reports 37,998-share holding
Core Scientific, Inc. executive Ray Jorge L., the Chief Accounting Officer, has reported his initial beneficial ownership of company equity on a Form 3.
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Form Type
3
Rhea-AI Filing Summary
Core Scientific, Inc. executive Ray Jorge L., the Chief Accounting Officer, has reported his initial beneficial ownership of company equity on a Form 3. The filing shows direct ownership of 37,998 shares of Common Stock. A related footnote describes this as a restricted stock unit grant, with one-third vesting on March 5, 2027 and the remaining two-thirds vesting in eight substantially equal quarterly installments afterward, as long as he continues providing service on each vesting date.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ray Jorge L.
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 37,998 shares (Direct)
Footnotes (1)
- F1. Represents a restricted stock unit ("RSU") grant. One-third of the RSUs will vest on March 5, 2027, and the remaining two-thirds of the RSUs will vest in eight substantially equal quarterly installments thereafter, provided that the Reporting Person continues to provide service to the Issuer on each vesting date.
Key Figures
Shares owned: 37,998 shares
Initial vesting date: March 5, 2027
Remaining vesting structure: Two-thirds over eight quarters
+1 more
4 metrics
Shares owned
37,998 shares
Total Common Stock directly owned following reported holding
Initial vesting date
March 5, 2027
One-third of RSU grant vests on this date
Remaining vesting structure
Two-thirds over eight quarters
Balance of RSUs vest in eight substantially equal quarterly installments
Position
Chief Accounting Officer
Officer role associated with the Form 3 filing
Key Terms
restricted stock unit ("RSU"), vest, quarterly installments, Common Stock, +1 more
5 terms
restricted stock unit ("RSU") financial
"Represents a restricted stock unit ("RSU") grant."
vest financial
"One-third of the RSUs will vest on March 5, 2027, and the remaining two-thirds..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
quarterly installments financial
"the remaining two-thirds of the RSUs will vest in eight substantially equal quarterly installments thereafter"
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
beneficial ownership financial
"has reported his initial beneficial ownership of company equity on a Form 3"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Core Scientific (CORZ) Form 3 filing for Ray Jorge L. show?
The Form 3 shows Chief Accounting Officer Ray Jorge L. reporting initial beneficial ownership of 37,998 shares of Core Scientific Common Stock. This establishes his starting equity position as an officer for regulatory disclosure purposes under SEC rules.
What is the vesting schedule for Ray Jorge L.’s Core Scientific RSU grant?
The RSU grant vests over time: one-third vests on March 5, 2027, and the remaining two-thirds vest in eight substantially equal quarterly installments. Vesting requires that he continues providing service to Core Scientific on each applicable vesting date.
Is the Core Scientific (CORZ) Form 3 a buy or sell transaction?
The Form 3 is not a buy or sell; it reports holdings. It records Chief Accounting Officer Ray Jorge L.’s initial beneficial ownership position, rather than an open-market purchase or sale of Core Scientific stock.
What role does Ray Jorge L. hold at Core Scientific (CORZ) in this Form 3?
He is identified as the Chief Accounting Officer of Core Scientific. As an officer, he must report his equity holdings and certain future transactions in company securities through SEC forms such as Form 3 and Form 4.
What service condition applies to Ray Jorge L.’s Core Scientific RSU vesting?
The RSUs vest only if he continues to provide service to Core Scientific on each vesting date. If service ends before a scheduled vesting date, the unvested portion of the restricted stock unit grant would not vest under this condition.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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