Gary A. Vecchiarelli - 20 Dec 2023 Form 4 Insider Report for CLEANSPARK, INC. (CLSK)

Role: Chief Financial Officer
Signature: /s/ Gary Anthony Vecchiarelli
Issuer symbol: CLSK
Transactions as of: 20 Dec 2023
Net transactions value: -$859,404
Form type: 4
Filing time: 22 Dec 2023, 16:30:10 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	+200,000	+92%	$0.000000	416,735	20 Dec 2023	Direct	F1
transaction	CLSK	Common Stock	Tax liability	$859,404	-78,700	-19%	$10.92	338,035	20 Dec 2023	Direct	F2

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	-200,000	-33%	$0.000000	400,000	20 Dec 2023	Common Stock	200,000		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.