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

Role
Executive Chairman, Director
Signature
/s/ S. Matthew Schultz
Issuer symbol
CLSK
Transactions as of
20 Dec 2023
Net transactions value
-$1,297,296
Form type
4
Filing time
22 Dec 2023, 16:30:13 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 +270,000 +11% $0.000000 2,837,568 20 Dec 2023 Direct F1
transaction CLSK Common Stock Tax liability $1,297,296 -118,800 -4.2% $10.92 2,718,768 20 Dec 2023 Direct F2
holding CLSK Common Stock 480,000 20 Dec 2023 By S M Schultz Irrevocable Trust
holding CLSK Common Stock 40,996 20 Dec 2023 By Spouse

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 -270,000 -33% $0.000000 540,000 20 Dec 2023 Common Stock 270,000 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.