Core Scientific (CORZ) executive has shares withheld to cover RSU taxes

Rhea-AI Filing Summary

Core Scientific, Inc. executive Todd M. Duchene reported a tax-related share disposition linked to equity compensation. On this Form 4, 16,741 shares of common stock were withheld at $19.08 per share to satisfy withholding tax obligations when restricted stock units vested. After this non-market, tax-withholding disposition, Duchene directly holds 2,010,348 shares of common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider DUCHENE TODD M

Role See remarks

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	16,741	$19.08	$319K

Holdings After Transaction: Common Stock — 2,010,348 shares (Direct)

Footnotes (1)

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Key Figures

Shares withheld for taxes: 16,741 shares Withholding share value: $19.08 per share Shares held after transaction: 2,010,348 shares +1 more

4 metrics

Shares withheld for taxes 16,741 shares Tax withholding on RSU vesting

Withholding share value $19.08 per share Value used for withheld CORZ shares

Shares held after transaction 2,010,348 shares Post-transaction direct holdings of common stock

Transaction code F Payment of tax liability by delivering securities

Key Terms

restricted stock units, withholding tax obligations, Form 4, tax-withholding disposition

4 terms

restricted stock units financial

"upon the vesting of restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

withholding tax obligations financial

"shares withheld to satisfy withholding tax obligations"

Form 4 regulatory

"On this Form 4, 16,741 shares of common stock"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

tax-withholding disposition financial

"reported a tax-related share disposition linked to equity compensation"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

DUCHENE TODD M

(Last) (First) (Middle)

C/O CORE SCIENTIFIC, INC.

838 WALKER ROAD, SUITE 21-2105

(Street)

DOVER DELAWARE 19904

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Core Scientific, Inc./tx [ CORZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See remarks

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/16/2026		F(1)		16,741	D	$19.08	2,010,348	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares withheld to satisfy withholding tax obligations upon the vesting of restricted stock units.

Remarks:

Chief Legal and Administrative Officer

	/s/ Todd DuChene	04/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did CORZ executive Todd M. Duchene report?

Todd M. Duchene reported a tax-related share disposition, not an open-market trade. The company withheld 16,741 CORZ common shares to cover tax obligations triggered by the vesting of restricted stock units, as disclosed in the Form 4 footnote.

How many Core Scientific (CORZ) shares were withheld for taxes?

The filing shows 16,741 CORZ common shares were withheld for taxes. These shares were used to satisfy withholding tax obligations upon vesting of restricted stock units and were not sold in the open market or as part of a discretionary trade.

At what price were the withheld CORZ shares valued in the Form 4?

The withheld Core Scientific shares were valued at $19.08 per share. This price is used in the Form 4 entry for the 16,741-share tax-withholding transaction and reflects the value applied for the withholding event, not a reported market trade.

How many CORZ shares does Todd M. Duchene hold after this transaction?

After the tax-withholding disposition, Todd M. Duchene directly holds 2,010,348 CORZ common shares. This post-transaction balance indicates the tax-related share withholding reduced his position only modestly compared with his total direct holdings reported in the Form 4.

Was this CORZ insider transaction an open-market sale or a tax withholding?

The transaction was a tax withholding, not an open-market sale. The Form 4 uses code “F” and specifies that 16,741 shares were withheld to satisfy withholding tax obligations upon vesting of restricted stock units granted to the reporting person.