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

Signature
/s/ Gary Anthony Vecchiarelli
Stock symbol
CLSK
Transactions as of
Feb 23, 2024
Transactions value $
-$3,443,873
Form type
4
Date filed
2/27/2024, 04:55 PM
Previous filing
Dec 22, 2023
Next filing
Oct 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLSK Common Stock Options Exercise $0 +200K +59.17% $0.00 538K Feb 23, 2024 Direct F1
transaction CLSK Common Stock Options Exercise $0 +200K +37.17% $0.00 738K Feb 26, 2024 Direct F2
transaction CLSK Common Stock Tax liability -$1.29M -78.7K -10.66% $16.43 659K Feb 23, 2024 Direct F3
transaction CLSK Common Stock Tax liability -$1.6M -78.7K -11.94% $20.35 581K Feb 26, 2024 Direct F3
transaction CLSK Common Stock Sale -$549K -26.2K -4.52% $20.93 554K Feb 27, 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 -200K -50% $0.00 200K Feb 23, 2024 Common Stock 200K Direct F1
transaction CLSK Restricted Stock Unit Options Exercise $0 -200K -100% $0.00* 0 Feb 26, 2024 Common Stock 200K 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.