S. Matthew Schultz - Mar 27, 2024 Form 4 Insider Report for CLEANSPARK, INC. (CLSK)

Role: Executive Chairman, Director
Signature: /s/ S. Matthew Schultz
Stock symbol: CLSK
Transactions as of: Mar 27, 2024
Transactions value $: -$8,466,690
Form type: 4
Date filed: 3/27/2024, 05:20 PM
Previous filing: Feb 27, 2024
Next filing: Oct 1, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLSK	Common Stock	Sale	-$8.47M	-367K	-13.77%	$23.07	2.3M	Mar 27, 2024	Direct	F1, F2
holding	CLSK	Common Stock						480K	Mar 27, 2024	By S M Schultz Irrevocable Trust
holding	CLSK	Common Stock						41K	Mar 27, 2024	By Spouse
holding	CLSK	Series A Preferred						500K	Mar 27, 2024	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	The price reported in Table I represents the weighted average sale price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or theSecurities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
F2	The reported amount reflects 33,152 shares that were previously withheld to cover taxes in connection with the vesting of restricted stock units reported on Form 4 filed on October 27, 2023. The reported amount also reflects an addition of 359 shares that were overreported in withholding to cover taxes in connection with the vesting of restricted stock units reported on Form 4 filed on September 15, 2022. This disclosure does not represent additional sales. Before adjustment, the total number of shares beneficially owned was 2,331,768.

Content

The price reported in Table I represents the weighted average sale price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or theSecurities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.

The reported amount reflects 33,152 shares that were previously withheld to cover taxes in connection with the vesting of restricted stock units reported on Form 4 filed on October 27, 2023. The reported amount also reflects an addition of 359 shares that were overreported in withholding to cover taxes in connection with the vesting of restricted stock units reported on Form 4 filed on September 15, 2022. This disclosure does not represent additional sales. Before adjustment, the total number of shares beneficially owned was 2,331,768.