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  4. [Form 4] Greenidge Generation Holdings Inc. Insider Trading Activity

GREE issues 102,286 Class A shares to Atlas; holdings rise to 3.88M

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Atlas received $166,164 in lieu of cash under an Equity Interest Payment Agreement dated 01/24/2025, paid by Greenidge Generation Holdings Inc. The payment was made in Class A common stock at a per‑share effective price of $1.62, resulting in issuance of 102,286 shares on 10/09/2025. After this issuance, the reporting parties disclose beneficial ownership of 3,876,997 shares (comprised of 1,196,967 Class A and 2,680,030 Class B shares, the latter convertible into Class A at holder option). The filing lists the Atlas entities and two managing partners, Andrew M. Bursky and Timothy J. Fazio, as reporting persons and notes that each disclaims beneficial ownership except to the extent of pecuniary interest.

Positive

  • Contractual payment settled via issuance of 102,286 Class A shares valued at $166,164
  • Post‑transaction beneficial ownership disclosed: 3,876,997 shares (1,196,967 Class A; 2,680,030 Class B convertible)

Negative

  • Issuance of 102,286 shares increases Class A outstanding shares (dilution amount not quantified in this filing)
  • Significant convertible position of 2,680,030 Class B shares exists and may convert into Class A, potentially affecting share count

Insights

Insider receipt of shares settled a contractual payment; Form 4 records the change in beneficial ownership.

The filing documents a share issuance of 102,286 Class A shares issued to Atlas in satisfaction of an Equity Interest Payment Agreement, valued at $166,164 using an effective price of $1.62.

The reported post‑transaction beneficial ownership totals 3,876,997 shares across Class A and convertible Class B holdings; the Form 4 discloses the reporting structure and disclaimers of beneficial ownership consistent with Section 16 reporting. Monitor any future Form 4/Form 5 filings for additional transfers or conversions that would change reported holdings within the next reporting cycle.

The transaction is a non‑cash contractual payment that increased outstanding Class A shares by 102,286.

This issuance reflects a contractual settlement rather than market purchases; the filing explicitly allocates the 102,286 shares among Atlas sub‑entities (ACR9, ACR Parallel, ACR P) and lists precise per‑entity allocations.

Investors may track dilution effects only if aggregated with other issuances; absent total share count in this filing, quantify impact when next disclosure includes total outstanding shares or when conversions of the 2,680,030 Class B shares occur.

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 102,286 $1.62 $166K
Holdings After Transaction: Class A Common Stock, par value $0.0001 per share — 3,876,997 shares (Indirect, See footnotes)
Footnotes (1)
  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 $166,164 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 102,286 shares of Class A Common Stock issued to Atlas thereunder, 73,289 shares were issued to ACR9, 26,316 shares were issued to ACR Parallel and 2,681 shares were issued to ACR P. Represents 1,196,967 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.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What did Atlas receive from Greenidge (GREE) on 10/09/2025?
Atlas received 102,286 shares of Class A common stock valued at $166,164 under an Equity Interest Payment Agreement.

How many shares does the reporting group beneficially own after the transaction?
The reporting persons disclose beneficial ownership of 3,876,997 shares in total: 1,196,967 Class A and 2,680,030 Class B (convertible) shares.

What price was used to value the issued shares?
The effective per‑share price used in the filing is $1.62 per share.

Who are the reporting persons on the Form 4?
The Form 4 lists the Atlas entities (including Atlas Capital Resources GP LLC, Atlas Capital GP LP, Atlas Capital Resources (A9) LP) and two managing partners, Andrew M. Bursky and Timothy J. Fazio.

Were the Class B shares disclosed convertible?
Yes, the filing states the 2,680,030 Class B shares are convertible at any time at the option of the holder into an equal number of Class A shares.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Atlas Capital Resources GP LLC
(Last) (First) (Middle)
100 NORTHFIELD STREET
(Street)
GREENWICH CT 06830
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Greenidge Generation Holdings Inc. [ GREE ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
10/09/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock, par value $0.0001 per share 10/09/2025 J(1) 102,286 A $1.62(1) 3,876,997(2) I See footnotes(3)(4)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
Atlas Capital Resources GP LLC
(Last) (First) (Middle)
100 NORTHFIELD STREET
(Street)
GREENWICH CT 06830
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Atlas Capital GP LP
(Last) (First) (Middle)
100 NORTHFIELD STREET
(Street)
GREENWICH CT 06830
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Atlas Capital Resources (A9) LP
(Last) (First) (Middle)
100 NORTHFIELD STREET
(Street)
GREENWICH CT 06830
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
BURSKY ANDREW M
(Last) (First) (Middle)
100 NORTHFIELD STREET
(Street)
GREENWICH CT 06830
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Fazio Timothy J
(Last) (First) (Middle)
100 NORTHFIELD STREET
(Street)
GREENWICH CT 06830
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
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 $166,164 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 102,286 shares of Class A Common Stock issued to Atlas thereunder, 73,289 shares were issued to ACR9, 26,316 shares were issued to ACR Parallel and 2,681 shares were issued to ACR P.
2. Represents 1,196,967 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.
3. 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.
4. 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.
Atlas Capital Resources GP LLC, /s/ Timothy J. Fazio, Managing Partner 10/09/2025
Atlas Capital GP LP, By: Atlas Capital Resources GP LLC, /s/ Timothy J. Fazio, Managing Partner 10/09/2025
Atlas Capital Resources (A9) LP, By: Atlas Capital Resources GP LP, By: Atlas Capital Resources GP LLC, /s/ Timothy J. Fazio, Managing Partner 10/09/2025
Andrew M. Bursky, /s/ Andrew M. Bursky 10/09/2025
Timothy J. Fazio, /s/ Timothy J. Fazio 10/09/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR