Spence William B.'s Form 4 filing
Stronghold Digital Mining, Inc. (SDIG) · filed Sep 19, 2023
- Accession no.
- 0000950170-23-048872
- Filed
- Sep 19, 2023
- Trade date
- Jun 14-Jul 17, 2023
- Filing delay
- 97 daysLate
- Rule 10b5-1 plan
- Not checked
This filing lists 7 non-derivative transactions and 1 derivative transaction. Open-market sales total $418.6K. It was filed 97 days after the trade, past the 2-business-day deadline.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Spence William B.CIK 0001886681 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 14, 2023 | Class A common stock | SSaleDisposed | −8,975 | $4.21F1,F2 | −$37,784.75 | 342,011 | Direct | |
| Jun 15, 2023 | Class A common stock | SSaleDisposed | −11,992 | $4.05F1,F3 | −$48,567.6 | 330,019 | Direct | |
| Jun 16, 2023 | Class A common stock | SSaleDisposed | −25,160 | $4.10F1,F4 | −$103,156 | 304,859 | Direct | |
| Jun 20, 2023 | Class A common stock | SSaleDisposed | −29,644 | $3.91F1,F5 | −$115,908.04 | 275,215 | Direct | |
| Jun 21, 2023 | Class A common stock | SSaleDisposed | −25,215 | $4.49F1,F6 | −$113,215.35 | 250,000 | Direct | |
| Jul 17, 2023 | Class A common stock | CConversionAcquired | +250,000 | $0.00F7 | $0 | 250,000 | Direct | |
| Jul 17, 2023 | Class V common stock | JOtherDisposed | −250,000 | $0.00F7 | $0 | 389,500 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jul 17, 2023 | Class A common stock, par value $0.0001 | CConversionDisposed | −250,000 | –F11 | – | 389,500 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in Column 4 for such transaction.
Referenced by the price of 5 transactions in Table I.
- F2
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.05 to $4.39, inclusive.
Referenced by the price of 1 transaction in Table I.
- F3
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.83 to $4.24, inclusive.
Referenced by the price of 1 transaction in Table I.
- F4
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.90 to $4.50, inclusive.
Referenced by the price of 1 transaction in Table I.
- F5
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.60 to $4.25, inclusive.
Referenced by the price of 1 transaction in Table I.
- F6
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.22 to $4.77, inclusive.
Referenced by the price of 1 transaction in Table I.
- F7
Reflects an exchange of common units ("Common Units") of Stronghold Digital Mining Holdings, LLC ("Stronghold LLC") together with the surrender and cancellation of the same number of Class V common stock for an equal number of shares of Class A common stock, pursuant to the Limited Liability Company Agreement of Stronghold LLC (as amended and restated, the "Stronghold LLC Agreement"). Transactions are exempt from Section 16(b) in reliance on Rule 16b-6(b).
Referenced by the price of 2 transactions in Table I.
- F11
Each share of Class V common stock has no economic right but entitles its holder to one vote on all matters to be voted on by shareholders generally. At the request of the holder, each Common Unit of Stronghold LLC may be coupled with a share of Class V common stock and redeemed for, at the Issuer's election and subject to certain restrictions in the Stronghold LLC Agreement, newly issued shares of Class A common stock of the Issuer on a one-for-one basis or for a cash payment to be determined pursuant to the Stronghold LLC Agreement for each Common Unit redeemed. The Common Units do not expire.
Referenced by the price of 1 transaction in Table II.