Director at Core Scientific (NASDAQ: CORZ) receives 18,961-share RSU equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Smith Stephen M reported acquisition or exercise transactions in this Form 4 filing.
Core Scientific director Stephen M. Smith received a grant of 18,961 shares of Common Stock in the form of restricted stock units. The RSUs were granted at no cash cost and will vest in two substantially equal installments on May 26, 2027 and May 26, 2028, contingent on his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Smith Stephen M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 18,961 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 18,961 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 18,961 shares
Transaction price: $0.0000 per share
Holdings after grant: 18,961 shares
+2 more
5 metrics
RSU grant size
18,961 shares
Restricted stock unit grant of Common Stock
Transaction price
$0.0000 per share
RSU grant issued at no cash cost
Holdings after grant
18,961 shares
Total Common Stock reported following transaction
First vesting date
May 26, 2027
First substantially equal RSU installment vests
Second vesting date
May 26, 2028
Second substantially equal RSU installment vests
Key Terms
restricted stock unit ("RSU"), vest, grant, award, or other acquisition
3 terms
restricted stock unit ("RSU") financial
"Represents a restricted stock unit ("RSU") grant."
vest financial
"The RSUs will vest in two substantially equal installments on May 26, 2027 and May 26, 2028"
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.
grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
What insider transaction did Core Scientific (CORZ) report for Stephen M. Smith?
Core Scientific reported that director Stephen M. Smith received 18,961 restricted stock units of Common Stock as a grant. The award carries no cash exercise price and represents equity-based compensation linked to his continued service with the company.
What are the vesting terms of Stephen M. Smith’s Core Scientific (CORZ) RSU grant?
The RSU grant to Stephen M. Smith will vest in two substantially equal installments on May 26, 2027 and May 26, 2028. Vesting is conditioned on his continued service to Core Scientific on each respective vesting date.
Is the Core Scientific (CORZ) Form 4 transaction a market buy or sell by Stephen M. Smith?
The Form 4 reflects an acquisition through a grant of restricted stock units, not a market buy or sell. It is coded as a grant, award, or other acquisition and represents stock-based compensation instead of an open-market transaction.