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

Role: CEO and President, Director
Signature: /s/ Zachary Bradford
Issuer symbol: CLSK
Transactions as of: 20 Dec 2023
Net transactions value: -$1,310,400
Form type: 4
Filing time: 22 Dec 2023, 16:30:05 UTC
Previous filing: 27 Oct 2023
Next filing: 27 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLSK	Common Stock	Options Exercise	$0	+300,000	+9.7%	$0.000000	3,395,856	20 Dec 2023	Direct	F1
transaction	CLSK	Common Stock	Tax liability	$1,310,400	-120,000	-3.5%	$10.92	3,275,856	20 Dec 2023	Direct	F2
holding	CLSK	Common Stock						323,864	20 Dec 2023	By ZRB Holdings Inc.	F3
holding	CLSK	Common Stock						12,000	20 Dec 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	-300,000	-33%	$0.000000	600,000	20 Dec 2023	Common Stock	300,000		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.