Core Scientific (CORZ) director Mark Adams files initial insider ownership Form 3
Rhea-AI Filing Summary
Core Scientific, Inc. reports that Mark Adams is a director of the company and has filed an initial statement of beneficial ownership on Form 3. The filing lists no reportable transactions or derivative positions and notes an attached Exhibit 24 labeled Power of Attorney.
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Key Terms
Form 3, beneficial ownership, Power of Attorney
3 terms
Form 3 regulatory
"has filed an initial statement of beneficial ownership on Form 3"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
beneficial ownership regulatory
"initial statement of beneficial ownership on Form 3"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Power of Attorney regulatory
"notes an attached Exhibit 24 labeled Power of Attorney"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Core Scientific (CORZ) report in Mark Adams’s Form 3 filing?
Core Scientific’s Form 3 for Mark Adams reports his status as a director and serves as an initial statement of beneficial ownership, with no transactions or derivative positions reported and a reference to an Exhibit 24 Power of Attorney.
Who is the reporting person in Core Scientific (CORZ) latest Form 3?
The reporting person is Mark Adams, identified as a director of Core Scientific, Inc. The Form 3 establishes his insider status and beneficial ownership reporting obligations but does not list any transactions or derivative holdings in this filing.
Are any stock transactions reported for Core Scientific (CORZ) director Mark Adams?
No stock transactions are reported for Mark Adams in this Form 3. The filing’s transaction summary shows zero buys, zero sells, and no derivative exercises, indicating it functions solely as an initial beneficial ownership statement at this time.
Does the Core Scientific (CORZ) Form 3 for Mark Adams mention derivative securities?
The Form 3 shows no derivative positions for Mark Adams, with the derivative summary empty and zero derivative transactions recorded. It focuses on establishing his role as a director rather than detailing any options, warrants, or similar instruments.
What is the Exhibit 24 Power of Attorney noted in Core Scientific (CORZ) Form 3?
The remarks section references “Exhibit 24 - Power of Attorney”, indicating a Power of Attorney document is associated with this Form 3. This typically authorizes designated persons to sign filings on the reporting person’s behalf for administrative convenience.