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

Role: Executive Chairman, Director
Signature: /s/ S. Matthew Schultz
Issuer symbol: CLSK
Transactions as of: 23 Feb 2024
Transactions value $: -$11,123,744
Form type: 4
Date filed: 27 Feb 2024, 16:58
Previous filing: 22 Dec 2023
Next filing: 27 Mar 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	+9.93%	$0.00	2.99M	23 Feb 2024	Direct	F1
transaction	CLSK	Common Stock	Options Exercise	$0	+270K	+9.03%	$0.00	3.26M	26 Feb 2024	Direct	F2
transaction	CLSK	Common Stock	Tax liability	-$1.95M	-119K	-3.65%	$16.43	3.14M	23 Feb 2024	Direct	F3
transaction	CLSK	Common Stock	Tax liability	-$2.42M	-119K	-3.78%	$20.35	3.02M	26 Feb 2024	Direct	F3
transaction	CLSK	Common Stock	Sale	-$6.75M	-322K	-10.67%	$20.95	2.7M	27 Feb 2024	Direct	F4
holding	CLSK	Common Stock						480K	23 Feb 2024	By S M Schultz Irrevocable Trust
holding	CLSK	Common Stock						41K	23 Feb 2024	By Spouse
holding	CLSK	Series A Preferred						500K	23 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	-270K	-50%	$0.00	270K	23 Feb 2024	Common Stock	270K		Direct	F1
transaction	CLSK	Restricted Stock Unit	Options Exercise	$0	-270K	-100%	$0.00^*	0	26 Feb 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.