Gary A. Vecchiarelli - 23 Feb 2024 Form 4 Insider Report for CLEANSPARK, INC. (CLSK)

Role
Chief Financial Officer
Signature
/s/ Gary Anthony Vecchiarelli
Issuer symbol
CLSK
Transactions as of
23 Feb 2024
Net transactions value
-$3,443,873
Form type
4
Filing time
27 Feb 2024, 16:55:20 UTC
Previous filing
22 Dec 2023
Next filing
01 Oct 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 +59% $0.000000 538,035 23 Feb 2024 Direct F1
transaction CLSK Common Stock Options Exercise $0 +200,000 +37% $0.000000 738,035 26 Feb 2024 Direct F2
transaction CLSK Common Stock Tax liability $1,293,041 -78,700 -11% $16.43 659,335 23 Feb 2024 Direct F3
transaction CLSK Common Stock Tax liability $1,601,545 -78,700 -12% $20.35 580,635 26 Feb 2024 Direct F3
transaction CLSK Common Stock Sale $549,287 -26,244 -4.5% $20.93 554,391 27 Feb 2024 Direct

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 -50% $0.000000 200,000 23 Feb 2024 Common Stock 200,000 Direct F1
transaction CLSK Restricted Stock Unit Options Exercise $0 -200,000 -100% $0.000000* 0 26 Feb 2024 Common Stock 200,000 Direct F2
* 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 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 300% of the Issuer's stock price on the grant date.
F3 Shares were applied to payment of withholding taxes in connection with the vesting and settlement of the above-mentioned restricted stock units.