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

Role
CEO and President, Director
Signature
/s/ Zachary Bradford
Stock symbol
CLSK
Transactions as of
Feb 23, 2024
Transactions value $
-$11,983,779
Form type
4
Date filed
2/27/2024, 04:58 PM
Previous filing
Dec 22, 2023
Next filing
Mar 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLSK Common Stock Options Exercise $0 +300K +9.16% $0.00 3.58M Feb 23, 2024 Direct F1
transaction CLSK Common Stock Options Exercise $0 +300K +8.39% $0.00 3.88M Feb 26, 2024 Direct F2
transaction CLSK Common Stock Tax liability -$1.94M -118K -3.05% $16.43 3.76M Feb 23, 2024 Direct F3
transaction CLSK Common Stock Tax liability -$2.4M -118K -3.14% $20.35 3.64M Feb 26, 2024 Direct F3
transaction CLSK Common Stock Sale -$7.64M -364K -10% $21.00 3.28M Feb 27, 2024 Direct
holding CLSK Common Stock 324K Feb 23, 2024 By ZRB Holdings Inc. F4
holding CLSK Common Stock 12K Feb 23, 2024 By BlueChip Advisors LLC F5
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 -300K -50% $0.00 300K Feb 23, 2024 Common Stock 300K Direct F1
transaction CLSK Restricted Stock Unit Options Exercise $0 -300K -100% $0.00* 0 Feb 26, 2024 Common Stock 300K 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.