S. Matthew Schultz - Dec 20, 2023 Form 4 Insider Report for CLEANSPARK, INC. (CLSK)

Role: Executive Chairman, Director
Signature: /s/ S. Matthew Schultz
Stock symbol: CLSK
Transactions as of: Dec 20, 2023
Transactions value $: -$1,297,296
Form type: 4
Date filed: 12/22/2023, 04:30 PM
Previous filing: Oct 27, 2023
Next filing: Feb 27, 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	+270K	+10.52%	$0.00	2.84M	Dec 20, 2023	Direct	F1
transaction	CLSK	Common Stock	Tax liability	-$1.3M	-119K	-4.19%	$10.92	2.72M	Dec 20, 2023	Direct	F2
holding	CLSK	Common Stock						480K	Dec 20, 2023	By S M Schultz Irrevocable Trust
holding	CLSK	Common Stock						41K	Dec 20, 2023	By Spouse

Showing 1 to 4 of 4 entries

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	-270K	-33.33%	$0.00	540K	Dec 20, 2023	Common Stock	270K		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.