Kovler Jordan 4
4 · Greenidge Generation Holdings Inc. · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Greenidge (GREE) CEO Jordan Kovler Receives RSU Award, Withholds Shares
What Happened Jordan Kovler, CEO of Greenidge Generation Holdings Inc. (GREE), was granted 110,000 restricted stock units (RSUs) on 2026-03-04 that vested immediately (award, Code A). To cover tax withholding on the vesting, 26,785 shares were withheld on 2026-03-11 at $1.38 per share, totaling approximately $36,963 (tax withholding, Code F). These were not open-market sales by the CEO but withholding to satisfy tax obligations.
Key Details
- Transaction types: A = Award/Grant (110,000 RSUs granted and vested); F = Tax withholding (26,785 shares withheld).
- Dates: RSU grant/vesting 2026-03-04; shares withheld for taxes 2026-03-11; Form 4 filed 2026-03-13.
- Prices/values: Withheld shares valued at $1.38 each; total cash value withheld ≈ $36,963. RSUs were granted at $0.00 (typical for awards).
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Footnotes: F2 notes these were RSUs under the 2021 Equity Incentive Plan and vested immediately; F3 clarifies the withheld shares were to cover tax liability and not a discretionary sale; F1 explains the Form 4 was filed late due to an administrative systems migration (timeliness = L).
Context Restricted stock units are a form of compensation where each unit represents the right to one share upon vesting. Immediate withholding of shares to cover taxes is routine and does not necessarily signal a voluntary sale or change in insider sentiment. The late filing appears administrative (per footnote) rather than indicative of reporting disputes, but late filings can delay public visibility into insider activity.
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2]2026-03-04+110,000→ 262,912 total - Tax Payment
Class A Common Stock
[F3]2026-03-11$1.38/sh−26,785$36,963→ 236,127 total
Footnotes (3)
- [F1]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.
- [F2]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.
- [F3]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.