Core Scientific (NASDAQ: CORZ) officer sells 10,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Core Scientific, Inc. reported that officer Todd M. Duchene sold a total of 10,000 shares of common stock in the open market on June 8, 2026. The sales occurred in two blocks: 4,500 shares at a weighted average price of $27.1053 per share and 5,500 shares at a weighted average price of $26.6376 per share.
The filing notes that these transactions were executed under a pre-established Rule 10b5-1 trading plan adopted on December 5, 2025, meaning the trades were pre-arranged rather than timed at the officer’s discretion.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 10,000 shares ($268,481)
Net Sell
2 txns
Insider
DUCHENE TODD M
Role
See remarks
Sold
10,000 shs ($268K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,500 | $26.6376 | $147K |
| Sale | Common Stock | 4,500 | $27.1053 | $122K |
Holdings After Transaction:
Common Stock — 2,073,395 shares (Direct, null)
Footnotes (1)
- The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 5, 2025. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.96 to $26.95, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.97 to $27.29, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
Key Figures
Shares sold: 10,000 shares
First block sale price: $27.1053 per share
First block size: 4,500 shares
+2 more
5 metrics
Shares sold
10,000 shares
Total common stock sold by officer on June 8, 2026
First block sale price
$27.1053 per share
Weighted average price for 4,500-share sale
First block size
4,500 shares
Common stock sold in first transaction
Second block sale price
$26.6376 per share
Weighted average price for 5,500-share sale
Second block size
5,500 shares
Common stock sold in second transaction
Key Terms
Rule 10b5-1 trading plan, weighted average price, open-market sale, non-derivative, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported is a weighted average price. These shares were sold in multiple transactions"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
non-derivative financial
"transaction_type: non-derivative"
Form 4 regulatory
"The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
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.
FAQ
What insider transaction did Core Scientific (CORZ) report for Todd M. Duchene?
Core Scientific reported that officer Todd M. Duchene sold 10,000 shares of common stock. The sales were disclosed in a Form 4 filing and represent routine open-market transactions executed under a pre-arranged Rule 10b5-1 trading plan.
Were Todd M. Duchene’s Core Scientific (CORZ) stock sales under a Rule 10b5-1 plan?
Yes. The Form 4 specifies that all reported transactions were executed under a Rule 10b5-1 trading plan adopted on December 5, 2025. Such plans pre-schedule trades, reducing the role of day-to-day discretion in timing.
What type of transaction code appears in Todd M. Duchene’s Core Scientific (CORZ) Form 4?
Both entries use transaction code “S,” indicating open-market or private sale of common stock. The transactions are classified as non-derivative, meaning they involve direct common shares rather than options or other derivatives.
Does Todd M. Duchene’s Form 4 involve any options or derivative securities of Core Scientific (CORZ)?
No. The reported transactions cover only non-derivative common stock. The derivative section shows no option exercises or other derivative trades, indicating this filing reflects straightforward share sales rather than option-related activity.