Atlas entities receive Greenidge (GREE) stock worth $160,041 in payment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Greenidge Generation Holdings Inc. issued 114,865 shares of Class A Common Stock to Atlas-affiliated funds as a non-cash payment under an Equity Interest Payment Agreement dated January 24, 2025. The payment had a stated value of $160,041, based on a price formula in the agreement.
Of these shares, 82,302 went to Atlas Capital Resources (A9) LP, 29,552 to Atlas Capital Resources (A9-Parallel) LP, and 3,011 to Atlas Capital Resources (P) LP. Following this transaction, Atlas-related entities held 1,391,152 shares of Class A Common Stock and 2,680,030 shares of Class B Common Stock, which are convertible into an equal number of Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Atlas Capital Resources GP LLC, Atlas Capital GP LP, Atlas Capital Resources (A9) LP, BURSKY ANDREW M, Fazio Timothy J
Role
Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock, par value $0.0001 per share | 114,865 | $1.39 | $160K |
Holdings After Transaction:
Class A Common Stock, par value $0.0001 per share — 4,071,182 shares (Indirect, See footnotes)
Footnotes (1)
- In connection with the Equity Interest Payment Agreement (the "Agreement"), dated as of January 24, 2025, by and among Greenidge Generation Holdings Inc. (the "Issuer") and Atlas Capital Resources (A9) LP ("ACR9"), Atlas Capital Resources (A9-Parallel) LP ("ACR Parallel"), and Atlas Capital Resources (P) LP ("ACR P" and, together with ACR9 and ACR Parallel, collectively, "Atlas"), the Issuer made a $160,041 payment to Atlas in the form of shares of Class A Common Stock based on the price formula set forth in the Agreement. Of the 114,865 shares of Class A Common Stock issued to Atlas thereunder, 82,302 shares were issued to ACR9, 29,552 shares were issued to ACR Parallel and 3,011 shares were issued to ACR P. Represents 1,391,152 shares of Class A Common Stock and 2,680,030 shares of Class B Common Stock, which are convertible at any time at the option of the holder into an equal number of shares of Class A Common Stock. Atlas Capital GP LP ("ACR GPLP") is the general partner of ACR9, ACR Parallel, ACR P and GGH Bridge Investment LP ("GGH"). Atlas Capital Resources GP LLC ("ACR GP") is the general partner of ACR GPLP. ACR GP, ACR GPLP, ACR9, ACR Parallel, ACR P, and GGH are collectively referred to as the "Atlas Entities." Andrew M. Bursky and Timothy J. Fazio are each a managing partner of ACR GP and may be deemed to control the Atlas Entities. Each of Messrs. Bursky and Fazio and each of the Atlas Entities disclaims beneficial ownership interest of the Class A Common Stock except, in each case, to the extent he or it has any pecuniary interest therein.
Key Figures
Stock payment value: $160,041
Shares issued to Atlas: 114,865 shares
Implied price per share: $1.39 per share
+5 more
8 metrics
Stock payment value
$160,041
Payment to Atlas under Equity Interest Payment Agreement
Shares issued to Atlas
114,865 shares
Class A Common Stock issued as payment
Implied price per share
$1.39 per share
Transaction price for Class A Common Stock
Shares to ACR9
82,302 shares
Portion of Class A shares issued to Atlas Capital Resources (A9) LP
Shares to ACR Parallel
29,552 shares
Portion of Class A shares issued to Atlas Capital Resources (A9-Parallel) LP
Shares to ACR P
3,011 shares
Portion of Class A shares issued to Atlas Capital Resources (P) LP
Class A shares held
1,391,152 shares
Class A Common Stock held by Atlas entities after transaction
Class B shares held
2,680,030 shares
Class B Common Stock convertible into Class A on a one-for-one basis
Key Terms
Equity Interest Payment Agreement, Class A Common Stock, Class B Common Stock, convertible, +2 more
6 terms
Equity Interest Payment Agreement financial
"In connection with the Equity Interest Payment Agreement (the "Agreement"), dated as of January 24, 2025..."
Class A Common Stock financial
"the Issuer made a $160,041 payment to Atlas in the form of shares of Class A Common Stock..."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Class B Common Stock financial
"Represents 1,391,152 shares of Class A Common Stock and 2,680,030 shares of Class B Common Stock..."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
convertible financial
"shares of Class B Common Stock, which are convertible at any time at the option of the holder..."
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
beneficial ownership financial
"Each of Messrs. Bursky and Fazio and each of the Atlas Entities disclaims beneficial ownership interest..."
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.
pecuniary interest financial
"disclaims beneficial ownership interest of the Class A Common Stock except...to the extent he or it has any pecuniary interest therein."
FAQ
What did Greenidge Generation Holdings (GREE) disclose in this Form 4?
Greenidge disclosed a non-cash payment to Atlas-affiliated funds using Class A Common Stock. The company issued 114,865 shares valued at $160,041 under an Equity Interest Payment Agreement dated January 24, 2025, instead of paying cash.
What is the total value of the stock payment Greenidge (GREE) made to Atlas?
The stock payment to Atlas had a stated value of $160,041. This amount was satisfied in Class A Common Stock, with the number of shares determined by a price formula specified in the Equity Interest Payment Agreement between Greenidge and the Atlas entities.
Is the Atlas Form 4 transaction in GREE stock an open-market trade?
No. The Form 4 describes a non-market transaction under an Equity Interest Payment Agreement. Greenidge paid Atlas using newly issued Class A shares instead of cash, rather than Atlas buying or selling shares on the open market.