Core Scientific CEO Sullivan sold 369,712 shares at $16.24 on 2025-01-24; stock now -38.0% from 52-week high at $11.31
Sullivan Adam Taylor, Chief Executive Officer, sold 369,712 shares of CORZ at $16.24 on 2025-01-24 for a total value of $6,003,753.17, reducing his holdings from 4,128,505 to 3,758,793 shares (-9.0% of pre-transaction holdings). The sale occurred when the stock was trading well above its current price of $11.31, which now sits -38.0% from the 52-week high and -19.5% over the past 30 days. Core Scientific is unprofitable with net income of $-455,259,000.00 on quarterly revenue of $95,354,000.00, and the company faced a -21.5% annual revenue decline. This represents the CEO's second open-market sale at this ticker within 22 days; his prior buy at CORZ on 2024-03-15 delivered a +221.7% 90-day return, but the current pricing environment has deteriorated significantly since the January 24 sale execution.