Zachary Bradford - Dec 20, 2023 Form 4 Insider Report for CLEANSPARK, INC. (CLSK)

Role
CEO and President, Director
Signature
/s/ Zachary Bradford
Stock symbol
CLSK
Transactions as of
Dec 20, 2023
Transactions value $
-$1,310,400
Form type
4
Date filed
12/22/2023, 04:30 PM
Previous filing
Oct 27, 2023
Next filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLSK Common Stock Options Exercise $0 +300K +9.69% $0.00 3.4M Dec 20, 2023 Direct F1
transaction CLSK Common Stock Tax liability -$1.31M -120K -3.53% $10.92 3.28M Dec 20, 2023 Direct F2
holding CLSK Common Stock 324K Dec 20, 2023 By ZRB Holdings Inc. F3
holding CLSK Common Stock 12K Dec 20, 2023 By BlueChip Advisors LLC F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CLSK Restricted Stock Unit Options Exercise $0 -300K -33.33% $0.00 600K Dec 20, 2023 Common Stock 300K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares issued in settlement of restricted stock units granted in 2023 which vested upon the Issuer achieving a specified price per share over a designated period of time representing 200% of the Issuer's stock price on the grant date.
F2 Shares were applied to payment of withholding taxes in connection with the vesting and settlement of the above-mentioned restricted stock units.
F3 The Reporting Person is the sole shareholder of ZRB Holdings Inc.
F4 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.