RSU Amendment for net settlement of approximately 50 million shares
Company: Core Scientific
The claim, verbatim
Compensation Committee approved RSU Amendment on June 8, 2022 providing that outstanding RSUs are subject only to time-based vesting, with RSUs covering approximately 50 million shares to be net settled and approximately 17 million shares to be forfeited for tax withholding
Source (primary)
Core Scientific 424B3 filed 2022-07-21 (SEC EDGAR, sec_filing)
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Quote: “As a result of the RSU Amendment, all outstanding RSUs under the 2018 Plan are subject only to time-based vesting, of which RSUs covering approximately 50 million shares of Common Stock (as defined below) will be net settled, with approximately 17 million shares of Common Stock to be canceled and forfeited to satisfy tax withholding obligations.”
How we checked this
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Additional evidence
confirms Core Scientific 424B3 filed 2022-07-21
Quote: “As a result of the RSU Amendment, all outstanding RSUs under the 2018 Plan are subject only to time-based vesting, of which RSUs covering approximately 50 million shares of Common Stock (as defined below) will be net settled, with approximately 17 million shares of Common Stock to be canceled and forfeited to satisfy tax withholding obligations.”