Zachary Bradford - 23 Feb 2024 Form 4 Insider Report for CLEANSPARK, INC. (CLSK)

Role
CEO and President, Director
Signature
/s/ Zachary Bradford
Issuer symbol
CLSK
Transactions as of
23 Feb 2024
Net transactions value
-$11,983,779
Form type
4
Filing time
27 Feb 2024, 16:58:58 UTC
Previous filing
22 Dec 2023
Next filing
21 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 +300,000 +9.2% $0.000000 3,575,856 23 Feb 2024 Direct F1
transaction CLSK Common Stock Options Exercise $0 +300,000 +8.4% $0.000000 3,875,856 26 Feb 2024 Direct F2
transaction CLSK Common Stock Tax liability $1,939,562 -118,050 -3% $16.43 3,757,806 23 Feb 2024 Direct F3
transaction CLSK Common Stock Tax liability $2,402,318 -118,050 -3.1% $20.35 3,639,756 26 Feb 2024 Direct F3
transaction CLSK Common Stock Sale $7,641,900 -363,900 -10% $21.00 3,275,856 27 Feb 2024 Direct
holding CLSK Common Stock 323,864 23 Feb 2024 By ZRB Holdings Inc. F4
holding CLSK Common Stock 12,000 23 Feb 2024 By BlueChip Advisors LLC F5
holding CLSK Series A Preferred 500,000 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 -300,000 -50% $0.000000 300,000 23 Feb 2024 Common Stock 300,000 Direct F1
transaction CLSK Restricted Stock Unit Options Exercise $0 -300,000 -100% $0.000000* 0 26 Feb 2024 Common Stock 300,000 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 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 Reporting Person is the sole shareholder of ZRB Holdings Inc.
F5 The Reporting Person is a member of the limited liability company, BlueChip Advisors LLC, that directly owns the reported securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of the Reporting Person's pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.