Beard Gregory A's Form 4 filing
Stronghold Digital Mining, Inc. (SDIG) · filed Apr 24, 2023
- Accession no.
- 0001140361-23-019998
- Filed
- Apr 24, 2023
- Trade date
- Apr 20, 2023
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not checked
This filing lists 2 non-derivative transactions and 3 derivative transactions. Open-market purchases total $1.00M. It was filed 4 days after the trade.
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 |
|---|---|
| Beard Gregory ACIK 0001478762 | Director, Officer (Chief Executive Officer), 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 |
|---|---|---|---|---|---|---|---|---|
| Apr 20, 2023 | Class A common stock, par value $0.0001 | AGrant or awardAcquired | +241,555 | $0.62F2 | +$149,764.1 | 2,986,507 | Direct | |
| Apr 20, 2023 | Class A common stock, par value $0.0001 | PPurchaseAcquired | +1,000,000 | $1.00 | +$1,000,000 | 3,986,507 | Direct |
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 |
|---|---|---|---|---|---|---|---|---|
| Apr 20, 2023 | Class A common stock, par value $0.0001 | PPurchaseAcquired | +1,000,000 | –F3 | – | 1,000,000 | Direct | |
| Apr 20, 2023 | Class A common stock, par value $0.0001 | DReturned to the companyDisposed | −602,409 | –F7 | – | 0 | Direct | |
| Apr 20, 2023 | Class A common stock, par value $0.0001 | PPurchaseAcquired | +602,409 | –F7 | – | 602,409 | Direct |
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.
- F2
Represents the average of the 30-day volume-weighted average price of Stronghold Digital Mining, Inc.'s (the "Issuer") Class A common stock, par value $0.0001 per share ("Common Stock") for each of January, February and March 2023.
Referenced by the price of 1 transaction in Table I.
- F3
The Reporting Person purchased 1,000,000 shares of Stronghold Digital Mining, Inc.'s (the "Issuer") Class A common stock, par value $0.0001 per share ("Common Stock") and warrants to purchase 1,000,000 shares of Common Stock, pursuant to a securities purchase agreement by and between the Reporting Person and the Issuer, dated as of April 20, 2023 (the "Securities Purchase Agreement"), as part of a private placement for an aggregate purchase price of approximately $1.0 million.
Referenced by the price of 1 transaction in Table II.
- F7
The two reported transactions involved an amendment to adjust the exercise price and expiration date of warrants issued to the Reporting Person by the Issuer on September 19, 2022 (as amended, the "Amended Warrants"). The Amended Warrants will expire on April 20, 2028.
Referenced by the price of 2 transactions in Table II.