Greenidge president sells shares for tax withholding
Greenidge Generation Holdings Inc. president Dale Irwin reported automatic share sales related to equity compensation.
Rhea-AI Filing Summary
Greenidge Generation Holdings Inc. president Dale Irwin reported automatic share sales related to equity compensation. On February 2, 2026, he sold 6 Class A common shares at $1.26 and 1,979 shares at $1.28. The filing explains these shares were sold solely to cover tax withholding on vested restricted stock units, not as discretionary sales. After these transactions, Irwin directly owned 103,285 Class A shares.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 6 | $1.26 | $7.56 |
| Sale | Class A Common Stock | 1,979 | $1.28 | $3K |
Footnotes (1)
- F1. Represents the number of shares sold to cover the tax withholding obligations in connection with the vesting of certain restricted stock units and does not represent a discretionary sale by the Reporting Person.
FAQ
What did Greenidge Generation (GREE) president Dale Irwin report in this Form 4?
Dale Irwin reported sales of Class A common stock on February 2, 2026. The transactions were tied to tax withholding on vested restricted stock units, rather than discretionary open-market sales, and were disclosed as routine insider activity under Section 16 rules.
What is Dale Irwins role at Greenidge Generation (GREE) as disclosed in the Form 4?
The Form 4 identifies Dale Irwin as an officer of Greenidge Generation Holdings Inc., holding the title of President. This classification subjects his equity transactions in the companys securities to ongoing reporting under Section 16 of the Securities Exchange Act.
Does this Greenidge Generation (GREE) Form 4 indicate discretionary insider selling?
The footnote states the reported transactions do not represent discretionary sales by the reporting person. Instead, the shares were sold automatically to satisfy tax withholding obligations connected to the vesting of restricted stock units granted as part of compensation.
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