Director and 10% Owner Increases Stake in Greenidge Generation Holdings via Share Payment

summarizeSummary

A Director and 10% Owner of Greenidge Generation Holdings, Andrew M. Bursky, along with affiliated entities, acquired $163,399 worth of Class A Common Stock as a payment under an existing agreement, increasing their total stake.

check_boxKey Events

• Director and 10% Owner Increases Stake

  Andrew M. Bursky, a Director and 10% Owner of Greenidge Generation Holdings, along with affiliated entities, acquired 79,320 shares of Class A Common Stock.

• Acquisition via Share Payment Agreement

  The $163,399 acquisition was a payment in shares under an Equity Interest Payment Agreement dated January 24, 2025, rather than an open market purchase. The shares were valued at $2.06 per share at the time of the transaction.

• Increased Post-Transaction Holdings

  Following this transaction, the reporting owners' total holdings in Greenidge Generation Holdings increased to 3,956,317 shares.

auto_awesomeAnalysis

This Form 4 filing indicates a significant acquisition of shares by Andrew M. Bursky, a Director and 10% Owner of Greenidge Generation Holdings, and related entities. The acquisition of 79,320 shares, valued at $163,399, was not an open market purchase but rather a payment in shares as per an Equity Interest Payment Agreement. This transaction demonstrates continued commitment from a key insider and substantial shareholder. The shares were acquired at a price of $2.06 per share, compared to the current stock price of $1.63.