Zachary Bradford - Sep 12, 2024 Form 4 Insider Report for CLEANSPARK, INC. (CLSK)

Role
CEO and President, Director
Signature
/s/ Zachary Bradford
Stock symbol
CLSK
Transactions as of
Sep 12, 2024
Transactions value $
-$1,637,944
Form type
4
Date filed
9/13/2024, 04:42 PM
Previous 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 +450K +16.1% $0.00 3.25M Sep 12, 2024 Direct F1
transaction CLSK Common Stock Tax liability -$1.64M -177K -5.46% $9.25 3.07M Sep 12, 2024 Direct F3
holding CLSK Common Stock 324K Sep 12, 2024 By ZRB Holdings Inc. F2
holding CLSK Common Stock 12K Sep 12, 2024 By BlueChip Advisors LLC F4
holding CLSK Series A Preferred 500K Sep 12, 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 -450K -50% $0.00 450K Sep 12, 2024 Common Stock 450K Direct F1
* 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 ("RSUs") granted in 2022 that have vested pursuant to the Issuer's 2017 Equity Incentive Plan, as amended (the "Plan") in connection with the Reporting Person's service as the Chief Executive Officer of the Issuer, which RSUs vest on each anniversary of the grant date such that the RSUs will fully vest on the third anniversary of the grant date.
F2 The Reporting Person is the sole shareholder of ZRB Holdings Inc.
F3 Shares were withheld by Issuer to cover the payment of withholding taxes in connection with the vesting and settlement of the above-mentioned RSUs.
F4 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.