Core Scientific (NASDAQ: CORZ) CEO has 87,355 shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Core Scientific CEO Adam Taylor reported a routine tax-related share disposition. On the vesting of restricted stock units, 87,355 shares of Common Stock were withheld at $19.08 per share to cover withholding tax obligations.
After this non-market transaction, Taylor directly holds 4,470,033 shares of Core Scientific common stock. Because the shares were withheld for taxes rather than sold on the open market, this filing reflects compensation and tax mechanics more than a change in investment view.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sullivan Adam Taylor
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 87,355 | $19.08 | $1.67M |
Holdings After Transaction:
Common Stock — 4,470,033 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 87,355 shares
Withholding price per share: $19.08 per share
Shares held after transaction: 4,470,033 shares
+1 more
4 metrics
Shares withheld for taxes
87,355 shares
Withheld upon RSU vesting to satisfy tax obligations
Withholding price per share
$19.08 per share
Value assigned to withheld shares for tax purposes
Shares held after transaction
4,470,033 shares
CEO’s direct Core Scientific common stock holdings post-transaction
Transaction date
2026-04-15
Date of tax-withholding disposition on RSU vesting
Key Terms
restricted stock units, withholding tax obligations, Form 4, Chief Executive Officer
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
"The Form 4 reports that the 87,355 withheld shares"
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.
Chief Executive Officer financial
"Adam Taylor, the Chief Executive Officer of Core Scientific"
A chief executive officer (CEO) is the top leader of a company, responsible for making major decisions, setting goals, and guiding the organization’s overall direction. Think of the CEO as the captain of a ship, steering it toward success. Investors pay close attention to the CEO because their leadership and strategy can significantly influence the company's performance and future growth.
FAQ
What insider transaction did Core Scientific (CORZ) report for its CEO?
Core Scientific CEO Adam Taylor reported a disposition where 87,355 shares were withheld to cover taxes on vested restricted stock units. This was a non-market transaction linked to equity compensation, not an open-market stock sale by the executive.
Was the Core Scientific (CORZ) CEO’s Form 4 transaction an open-market sale?
No, the Form 4 shows shares withheld for tax obligations, not an open-market sale. The 87,355 shares were retained by the company to satisfy withholding taxes from restricted stock unit vesting, a common equity compensation mechanism.
What does the footnote in the Core Scientific (CORZ) Form 4 explain?
The footnote explains that the reported shares represent stock withheld to satisfy withholding tax obligations on vesting restricted stock units. This clarifies the disposition is a compensation-related tax event, not a discretionary purchase or sale decision by the CEO in the market.