Zachary Bradford - Sep 12, 2022 Form 4 Insider Report for CLEANSPARK, INC. (CLSK)

Role: CEO and President, Director
Signature: /s/ Zachary Bradford
Stock symbol: CLSK
Transactions as of: Sep 12, 2022
Transactions value $: -$756,635
Form type: 4
Date filed: 9/15/2022, 04:30 PM
Previous filing: Feb 14, 2022
Next filing: Mar 10, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLSK	Common Stock	Award	$0	+400K	+101.17%	$0.00	795K	Sep 12, 2022	Direct	F1
transaction	CLSK	Common Stock	Award	$0	+1.35M	+169.73%	$0.00	2.15M	Sep 12, 2022	Direct	F2
transaction	CLSK	Common Stock	Award	$0	+450K	+20.98%	$0.00	2.6M	Sep 12, 2022	Direct	F3
transaction	CLSK	Common Stock	Tax liability	-$757K	-155K	-5.96%	$4.89	2.44M	Sep 12, 2022	Direct	F4
holding	CLSK	Common Stock						324K	Sep 12, 2022	By ZRB Holdings Inc.	F5
holding	CLSK	Common Stock						12K	Sep 12, 2022	By BlueChip Advisors LLC	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 400,000 restricted stock units ("RSUs") awarded to the Reporting Person under the Issuer's 2017 Equity Incentive Plan, as amended (the "Plan") in connection with the Reporting Person's service as an executive officer and director of the Issuer, which RSUs vest upon the later of the date of issuance and the Issuer obtaining stockholder approval of an amendment to the Plan increasing the number of shares available under the Plan (the "Shareholder Approval").
F2	Represents 1,350,000 RSUs awarded to the Reporting Person under the Plan in connection with the Reporting Person's service as an executive officer and director of the Issuer, which RSUs vest on each anniversary of the grant date, such that the RSUs will fully vest on the third anniversary of the grant date, provided the Shareholder Approval is obtained.
F3	Represents 450,000 shares of performance stock units ("PSUs") originally awarded to the Reporting Person under the Plan, which vesting was subject to the achievement of certain corporate milestones of the Issuer. The compensation committee of the Issuer approved the immediate vesting of such PSUs on September 12, 2022.
F4	These shares were automatically withheld to cover the tax liability resulting from the vesting of the PSUs.
F5	The Reporting Person is the sole shareholder of ZRB Holdings Inc.
F6	The Reporting Person is a member of the limited liability company, BlueChip Advisors LLC, that directly owns the reported securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of the Reporting Person's pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.