S. Matthew Schultz - Feb 23, 2024 Form 4 Insider Report for CLEANSPARK, INC. (CLSK)

Role
Executive Chairman, Director
Signature
/s/ S. Matthew Schultz
Stock symbol
CLSK
Transactions as of
Feb 23, 2024
Transactions value $
-$11,123,744
Form type
4
Date filed
2/27/2024, 04:58 PM
Previous filing
Dec 22, 2023
Next filing
Mar 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLSK Common Stock Options Exercise $0 +270K +9.93% $0.00 2.99M Feb 23, 2024 Direct F1
transaction CLSK Common Stock Options Exercise $0 +270K +9.03% $0.00 3.26M Feb 26, 2024 Direct F2
transaction CLSK Common Stock Tax liability -$1.95M -119K -3.65% $16.43 3.14M Feb 23, 2024 Direct F3
transaction CLSK Common Stock Tax liability -$2.42M -119K -3.78% $20.35 3.02M Feb 26, 2024 Direct F3
transaction CLSK Common Stock Sale -$6.75M -322K -10.67% $20.95 2.7M Feb 27, 2024 Direct F4
holding CLSK Common Stock 480K Feb 23, 2024 By S M Schultz Irrevocable Trust
holding CLSK Common Stock 41K Feb 23, 2024 By Spouse
holding CLSK Series A Preferred 500K Feb 23, 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 -270K -50% $0.00 270K Feb 23, 2024 Common Stock 270K Direct F1
transaction CLSK Restricted Stock Unit Options Exercise $0 -270K -100% $0.00* 0 Feb 26, 2024 Common Stock 270K 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 300% 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 400% 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.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $20.30 to $21, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.