0000950170-23-048872.txt : 20230919
0000950170-23-048872.hdr.sgml : 20230919
20230919192829
ACCESSION NUMBER: 0000950170-23-048872
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230614
FILED AS OF DATE: 20230919
DATE AS OF CHANGE: 20230919
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Spence William B.
CENTRAL INDEX KEY: 0001886681
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40931
FILM NUMBER: 231265075
MAIL ADDRESS:
STREET 1: 595 MADISON AVENUE
STREET 2: 29TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Stronghold Digital Mining, Inc.
CENTRAL INDEX KEY: 0001856028
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
IRS NUMBER: 862759890
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 595 MADISON AVENUE
STREET 2: 28TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: (845) 579-5992
MAIL ADDRESS:
STREET 1: 595 MADISON AVENUE
STREET 2: 28TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
4
1
ownership.xml
4
X0508
4
2023-06-14
0001856028
Stronghold Digital Mining, Inc.
SDIG
0001886681
Spence William B.
C/O COZEN O'CONNOR ONE OXFORD CENTRE
41ST FLOOR 301 GRANT STREET
PITTSBURGH
PA
15219
false
false
true
false
false
Class A common stock
2023-06-14
4
S
false
8975
4.21
D
342011
D
Class A common stock
2023-06-15
4
S
false
11992
4.0471
D
330019
D
Class A common stock
2023-06-16
4
S
false
25160
4.0954
D
304859
D
Class A common stock
2023-06-20
4
S
false
29644
3.9096
D
275215
D
Class A common stock
2023-06-21
4
S
false
25215
4.4927
D
250000
D
Class A common stock
2023-07-17
4
C
false
250000
0
A
250000
D
Class V common stock
2023-07-17
4
J
false
250000
0
D
389500
I
By Q Power LLC
Class A common stock
500
I
By Q Power LLC
Stronghold Digital Mining Holdings LLC Units
2023-07-17
4
C
false
250000
D
Class A common stock, par value $0.0001
250000
389500
I
By Q Power LLC
The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in Column 4 for such transaction.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.05 to $4.39, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.83 to $4.24, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.90 to $4.50, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.60 to $4.25, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.22 to $4.77, inclusive.
Reflects an exchange of common units ("Common Units") of Stronghold Digital Mining Holdings, LLC ("Stronghold LLC") together with the surrender and cancellation of the same number of Class V common stock for an equal number of shares of Class A common stock, pursuant to the Limited Liability Company Agreement of Stronghold LLC (as amended and restated, the "Stronghold LLC Agreement"). Transactions are exempt from Section 16(b) in reliance on Rule 16b-6(b).
The reporting person is a managing member of Q Power LLC and may be deemed to be the beneficial owner of the securities held directly by Q Power LLC.
The reporting person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of, or has any pecuniary interests in, such securities for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, or for any other purpose.
Amount of securities or price, as applicable, has been adjusted to reflect the 10:1 reverse stock split that occurred on May 16, 2023.
Each share of Class V common stock has no economic right but entitles its holder to one vote on all matters to be voted on by shareholders generally. At the request of the holder, each Common Unit of Stronghold LLC may be coupled with a share of Class V common stock and redeemed for, at the Issuer's election and subject to certain restrictions in the Stronghold LLC Agreement, newly issued shares of Class A common stock of the Issuer on a one-for-one basis or for a cash payment to be determined pursuant to the Stronghold LLC Agreement for each Common Unit redeemed. The Common Units do not expire.
/s/ William B. Spence
2023-09-19