Core Scientific (CORZ) officer sells 10,000 shares, 5,469 withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Core Scientific, Inc. officer Todd M. Duchene reported open-market sales of 10,000 shares of Common Stock on June 29, 2026 at weighted average prices of about $25.99, $27.42 and $27.95, executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 5, 2025.
On June 30, 2026, an additional 5,469 shares were disposed of to satisfy withholding tax obligations upon vesting of restricted stock units, a non-market transaction. After these actions, Duchene directly owned 2,033,426 shares of Core Scientific common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 10,000 shares ($261,658)
Net Sell
4 txns
Insider
DUCHENE TODD M
Role
See remarks
Sold
10,000 shs ($262K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,469 | $25.59 | $140K |
| Sale | Common Stock | 8,800 | $25.9887 | $229K |
| Sale | Common Stock | 1,100 | $27.42 | $30K |
| Sale | Common Stock | 100 | $27.95 | $3K |
Holdings After Transaction:
Common Stock — 2,033,426 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 $25.56 to $26.41, 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 $26.86 to $27.84, 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. Represents shares withheld to satisfy withholding tax obligations upon the vesting of restricted stock units.
Key Figures
Open-market shares sold: 10,000 shares
Sale price (block 1): $25.9887 per share
Sale price (block 2): $27.4200 per share
+4 more
7 metrics
Open-market shares sold
10,000 shares
Common Stock sales on June 29, 2026
Sale price (block 1)
$25.9887 per share
Weighted average sale price on June 29, 2026
Sale price (block 2)
$27.4200 per share
Weighted average sale price on June 29, 2026
Sale price (block 3)
$27.9500 per share
Weighted average sale price on June 29, 2026
Shares withheld for taxes
5,469 shares
RSU tax withholding on June 30, 2026
Shares held after transactions
2,033,426 shares
Direct ownership following June 2026 transactions
Net share direction
-10,000 shares
Net buy/sell shares per transaction summary
Key Terms
Rule 10b5-1 trading plan, restricted stock units, withholding tax obligations, weighted average price, +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 on December 5, 2025."
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.
restricted stock units financial
"Represents shares withheld to satisfy withholding tax obligations 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
"Represents shares withheld to satisfy withholding tax obligations upon the vesting of restricted stock units."
weighted average price financial
"The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.56 to $26.41, inclusive."
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; transaction_code_description: Sale in open market or private transaction"
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.
FAQ
What insider transactions did CORZ officer Todd Duchene report on this Form 4?
Todd M. Duchene reported selling 10,000 shares of Core Scientific Common Stock in open-market transactions and a separate disposition of 5,469 shares for tax withholding. All trades involved directly held shares and were disclosed as part of his ongoing equity compensation activity.