CORZ Form 4 — Todd DuChene RSU Tax Withholding Reports 11,805 Shares
Rhea-AI Filing Summary
Todd DuChene, Chief Legal and Administrative Officer of Core Scientific, Inc. (CORZ), reported a Form 4 disclosing a transaction dated 08/15/2025. The filing shows 11,805 shares of Common Stock were disposed under transaction code F(1) at a price of $14.13 per share; the filing explains these shares were withheld to satisfy tax withholding upon vesting of restricted stock units. Following the withholding, Mr. DuChene beneficially owns 2,029,656 shares, held directly. The Form 4 is signed and dated 08/19/2025 by the reporting person.
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Insights
TL;DR: Routine tax-withholding on RSU vesting; no new purchases or sales beyond shares withheld.
The Form 4 reports a common, administrative disposition: 11,805 shares were withheld at $14.13 to cover taxes on vested restricted stock units. This transaction is recorded under code F(1), consistent with withholding rather than an active open-market sale. Beneficial ownership after the transaction is 2,029,656 shares, held directly by the officer. From a disclosure perspective this is standard insider reporting and carries neutral immediate market implication.
TL;DR: Administrative RSU tax withholding disclosed; no governance or control change indicated.
The filing identifies the reporting person as an officer (Chief Legal and Administrative Officer) and records withholding to satisfy tax obligations upon RSU vesting. The nature of the transaction is explicitly described in the remarks as tax withholding, and the Form 4 shows direct ownership remaining at 2,029,656 shares. There is no indication of additional derivative activity, 10% owner status, or changes in voting/control in this disclosure.