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Christian Mulvihill, Chief Financial Officer of Greenidge Generation Holdings Inc (NASDAQ:GREE), sold 1696 shares of Class A Common Stock on August 4, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $1.50, for a total transaction value of $2544. The transaction comes as the company, currently valued at $23.6 million, shows signs of being undervalued according to InvestingPro analysis.
Following the transaction, Mulvihill directly owns 99260 shares of Greenidge Generation Holdings Inc.
The filing indicates that the sale was to cover tax withholding obligations related to the vesting of restricted stock units and did not represent a discretionary sale by Mulvihill.
In other recent news, Greenidge Generation Holdings Inc. has announced two simultaneous offers related to its 8.50% Senior Notes due in 2026. The company is providing noteholders with two options: they can exchange their existing notes for new 10.00% Senior Notes due in 2030 at a rate of $11.00 in new notes for each $25.00 of existing notes. Alternatively, noteholders can opt for a cash purchase at $8.50 per $25.00 of notes. For those who act by July 2, 2025, there is an opportunity to receive an increased cash payment of $9.00 per $25.00 of notes. These developments are part of Greenidge’s ongoing efforts to manage its financial obligations and provide flexibility to its investors.
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