Michael J. Levitt - Jun 13, 2022 Form 4 Insider Report for Core Scientific, Inc./tx (CORZQ)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Elijah D. Jenkins, Attorney-in-Fact
Stock symbol
CORZQ
Transactions as of
Jun 13, 2022
Transactions value $
-$2,117,195
Form type
4
Date filed
7/7/2022, 09:09 PM
Previous filing
Jan 31, 2022
Next filing
Aug 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CORZQ Common Stock Award $0 +13.4M +6374.69% $0.00 13.7M Jun 13, 2022 Direct F1
transaction CORZQ Common Stock Award $0 +4.88M +35.75% $0.00 18.5M Jun 13, 2022 Direct F2
transaction CORZQ Common Stock Tax liability -$2.12M -1.24M -6.68% $1.71 17.3M Jul 5, 2022 Direct F3
holding CORZQ Common Stock 41.5K Jun 13, 2022 See footnote F4
holding CORZQ Common Stock 869K Jun 13, 2022 See footnote F5
holding CORZQ Common Stock 869K Jun 13, 2022 See footnote F6
holding CORZQ Common Stock 3.84M Jun 13, 2022 See footnote F7
holding CORZQ Common Stock 10.6M Jun 13, 2022 See footnote F8
holding CORZQ Common Stock 800K Jun 13, 2022 See footnote F9
holding CORZQ Common Stock 3.2M Jun 13, 2022 See footnote F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a restricted stock unit ("RSU") grant. This RSU grant previously was subject to milestone and time vesting. On June 13, 2022, the board of directors of the Issuer removed the milestone requirement. The shares vested or will vest in 4 equal annual installments commencing on July 2, 2022, provided that the Reporting Person continues to provide service to the Issuer on each vesting date.
F2 Represents a restricted stock unit ("RSU") grant. This RSU grant previously was subject to milestone and time vesting. On June 13, 2022, the board of directors of the Issuer removed the milestone requirement. The shares will vest in 4 equal annual installments commencing on January 19, 2023, provided that the Reporting Person continues to provide service to the Issuer on each vesting date.
F3 Represents shares withheld to satisfy withholding tax obligations upon the vesting of RSUs.
F4 The securities are held by HKM Investments, LLC, which the Reporting Person serves as its managing member.
F5 The shares are held by Michael J. Levitt, Christopher B. Harrison, and Nadine Bernecker Levitt as Co-Trustees of the MJL 2012 Younger Children Trust, modified as of March 21, 2021, which the Reporting Person serves as a trustee.
F6 The shares are held by Michael J. Levitt and Christopher B. Harrison as Co-Trustees of the MJL 2012 Older Children Trust, modified as of March 21, 2021, which the Reporting Person serves as a trustee.
F7 The shares are held by Michael J. Levitt and Nadine Bernecker Levitt as Co-Trustees of the CS 1219 Trust, dated April 13, 2017, which the Reporting Person serves as a trustee.
F8 The shares are held by Michael J. Levitt, as Trustee of the MJL Revocable Trust, modified as of June 18, 2021, which the Reporting Person serves as a trustee.
F9 The shares are held by Nadine Bernecker Levitt as Trustee of the NBL Revocable Trust, modified as of June 18, 2021, which the Reporting Person serves as a trustee.
F10 The securities are held by MJL Blockchain LLC, which the Reporting Person serves as its managing member.