GREE CEO Jordan Kovler granted 110K RSUs, 26,785 shares withheld for tax
Rhea-AI Filing Summary
Greenidge Generation Holdings Inc. director and Chief Executive Officer Jordan Kovler reported compensation-related transactions in the company’s Class A Common Stock. On March 4, 2026, he acquired 110,000 restricted stock units as bonus compensation for fiscal year 2025 under the company’s equity incentive plan; the units vested immediately into shares.
On March 11, 2026, 26,785 shares were withheld to cover his tax liability from the vesting of these restricted stock units, a tax-withholding disposition rather than a discretionary sale. After these entries, he directly held 236,127 shares of Class A Common Stock. A footnote explains the Form 4 was filed late due to an administrative oversight during migration to a new stock administration platform, not because of any error by the reporting person.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 26,785 | $1.38 | $37K |
| Grant/Award | Class A Common Stock | 110,000 | $0.00 | -- |
Footnotes (1)
- This Form 4 is being filed late due to an inadvertent administrative oversight related to the Issuer's migration to a new employee stock administration platform, which delayed the timely reporting of the transaction and was not the result of any error by the Reporting Person. Represents restricted stock units granted as bonus compensation for fiscal year 2025 pursuant to the Issuer's Third Amended and Restated 2021 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock and vested immediately. Represents the number of shares withheld to cover the Reporting Person's tax liability in connection with the vesting of certain restricted stock units and does not represent a discretionary sale by the Reporting Person.