Greenidge Generation (NASDAQ: GREE) president sells shares to cover RSU taxes
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
- None.
Negative
- None.
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.
How many Greenidge Generation (GREE) shares did Dale Irwin sell and at what prices?
He sold 6 Class A common shares at $1.26 and 1,979 shares at $1.28. These transactions were executed on February 2, 2026 and were undertaken specifically to satisfy tax withholding obligations on vested restricted stock units, according to the filing footnote.
Why were Dale Irwins Greenidge Generation (GREE) shares sold according to the Form 4 footnote?
The filing states the shares were sold to cover tax withholding obligations from the vesting of restricted stock units. It emphasizes that these transactions do not represent discretionary sales by Dale Irwin, distinguishing them from voluntary insider selling for portfolio or personal liquidity reasons.
How many Greenidge Generation (GREE) shares does Dale Irwin own after these transactions?
Following the reported sales, Dale Irwin directly owned 103,285 Class A common shares. This post-transaction holding reflects his remaining equity stake after selling a small portion of shares solely to satisfy tax obligations tied to restricted stock unit vesting.
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.