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Susquehanna-affiliated brokers disclose 4.6% stake in Core Scientific (NASDAQ: CORZ)

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

Core Scientific, Inc. ownership disclosure: a group of affiliated broker‑dealers led by Susquehanna entities reports beneficial ownership of 14,631,891 shares, representing 4.6% of the class. The filing states 315,594,802 Shares outstanding as of March 23, 2026. The reported holdings include option and warrant positions: 12,963,500 options and various warrants and options held across the reporting entities. The filing is a joint Schedule 13G/A by G1 Execution Services, LLC; SIG Brokerage, LP; Susquehanna Investment Group; and Susquehanna Securities, LLC, and includes a joint filing agreement.

Positive

  • None.

Negative

  • None.

Insights

Susquehanna-affiliated broker‑dealers report a 4.6% stake via options and warrants.

The filing lists 14,631,891 shares as beneficially owned by the group, equal to 4.6% of the class based on March 23, 2026 outstanding shares. A large portion of the group’s reported position arises from derivative instruments, including 12,963,500 options and other warrants and options disclosed per entity.

The economic footprint depends on exercise/conversion decisions by the reporting entities and on holder coordination; cash‑flow treatment and exercise timing are not disclosed in the excerpt. Subsequent filings would show actual transfers if exercises convert to outstanding shares.

Beneficially owned shares 14,631,891 shares Aggregate reported by the Susquehanna group
Percent of class 4.6% Calculated using outstanding shares as of March 23, 2026
Shares outstanding 315,594,802 shares Outstanding as of <date>March 23, 2026</date> (per proxy statement)
Options (Susquehanna Securities) 12,963,500 options Options included in Susquehanna Securities, LLC reported holdings
Warrants (Susquehanna Securities) 226,741 warrants Warrants issuable to Susquehanna Securities, LLC included in reported holdings
Options (SIG Brokerage) 170,000 options Options included in SIG Brokerage, LP reported holdings
Warrants (G1 Execution Services) 16,608 warrants Warrants issuable included in G1 Execution Services, LLC reported holdings
Schedule 13G/A regulatory
"This statement is filed by the entities listed below, who are collectively referred to herein as "Reporting Persons""
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
Beneficially owned financial
"Amount beneficially owned: The information required by this Item 4(a) is set forth in Row 9"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Joint Filing Agreement regulatory
"EXHIBIT DESCRIPTION 99 Joint Filing Agreement*"
Sole/Shared Dispositive Power regulatory
"Sole Dispositive Power 16,641.00 8 | Shared Dispositive Power 14,631,891.00"





21874A106

(CUSIP Number)
03/31/2025

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G




Comment for Type of Reporting Person: With respect to Row 5 through Row 9 above, G1 Execution Services, LLC, SIG Brokerage, LP, Susquehanna Investment Group and Susquehanna Securities, LLC are affiliated independent broker-dealers, which may be deemed a group. For purposes of this report, we have indicated that each reporting person has sole voting and dispositive power with respect to the shares beneficially owned by it and that the reporting persons have shared voting and dispositive power with respect to all shares beneficially owned by all of the reporting persons. Each of the reporting persons disclaims beneficial ownership of shares owned directly by another reporting person.


SCHEDULE 13G




Comment for Type of Reporting Person: With respect to Row 5 through Row 9 above, G1 Execution Services, LLC, SIG Brokerage, LP, Susquehanna Investment Group and Susquehanna Securities, LLC are affiliated independent broker-dealers, which may be deemed a group. For purposes of this report, we have indicated that each reporting person has sole voting and dispositive power with respect to the shares beneficially owned by it and that the reporting persons have shared voting and dispositive power with respect to all shares beneficially owned by all of the reporting persons. Each of the reporting persons disclaims beneficial ownership of shares owned directly by another reporting person.


SCHEDULE 13G




Comment for Type of Reporting Person: With respect to Row 5 through Row 9 above, G1 Execution Services, LLC, SIG Brokerage, LP, Susquehanna Investment Group and Susquehanna Securities, LLC are affiliated independent broker-dealers, which may be deemed a group. For purposes of this report, we have indicated that each reporting person has sole voting and dispositive power with respect to the shares beneficially owned by it and that the reporting persons have shared voting and dispositive power with respect to all shares beneficially owned by all of the reporting persons. Each of the reporting persons disclaims beneficial ownership of shares owned directly by another reporting person.


SCHEDULE 13G




Comment for Type of Reporting Person: With respect to Row 5 through Row 9 above, G1 Execution Services, LLC, SIG Brokerage, LP, Susquehanna Investment Group and Susquehanna Securities, LLC are affiliated independent broker-dealers, which may be deemed a group. For purposes of this report, we have indicated that each reporting person has sole voting and dispositive power with respect to the shares beneficially owned by it and that the reporting persons have shared voting and dispositive power with respect to all shares beneficially owned by all of the reporting persons. Each of the reporting persons disclaims beneficial ownership of shares owned directly by another reporting person.


SCHEDULE 13G



G1 Execution Services, LLC
Signature:/s/ Brian Sopinsky
Name/Title:Brian Sopinsky, Secretary
Date:05/13/2026
SIG Brokerage, LP
Signature:/s/ Brian Sopinsky
Name/Title:Brian Sopinsky, Assistant Secretary
Date:05/13/2026
Susquehanna Investment Group
Signature:/s/ Brian Sopinsky
Name/Title:Brian Sopinsky, General Counsel
Date:05/13/2026
Susquehanna Securities, LLC
Signature:/s/ Brian Sopinsky
Name/Title:Brian Sopinsky, Secretary
Date:05/13/2026
Exhibit Information

EXHIBIT INDEX EXHIBIT DESCRIPTION ________ ________ 99 Joint Filing Agreement* *Previously filed

FAQ

What stake does the Susquehanna group report in Core Scientific (CORZ)?

The filing reports 14,631,891 shares beneficially owned by the reporting group, representing 4.6% of the class. This figure aggregates direct holdings and positions exercisable through options and warrants as disclosed.

How many Core Scientific shares were outstanding for the ownership percentage calculation?

The filing cites 315,594,802 Shares outstanding as of March 23, 2026. The group’s 4.6% percent is calculated using that outstanding share count per the proxy statement referenced.

Do the reported holdings include options or warrants?

Yes. The disclosure states the group’s reported holdings include derivative instruments such as 12,963,500 options (held by Susquehanna Securities, LLC) and additional options and warrants across the reporting persons.

Which entities filed this Schedule 13G/A for CORZ?

The joint filing is made by four affiliated broker‑dealers: G1 Execution Services, LLC, SIG Brokerage, LP, Susquehanna Investment Group, and Susquehanna Securities, LLC, under a joint filing agreement referenced in the exhibit index.

Does the filing state who has voting or dispositive power over the shares?

Yes. Each reporting person lists sole voting and dispositive power over its directly owned shares and shared voting and dispositive power with respect to the group’s aggregated 14,631,891 shares, per the cover‑page rows incorporated by reference.