S. Matthew Schultz - Sep 12, 2024 Form 4 Insider Report for CLEANSPARK, INC. (CLSK)

Role
Executive Chairman, Director
Signature
/s/ S. Matthew Schultz
Stock symbol
CLSK
Transactions as of
Sep 12, 2024
Transactions value $
-$1,648,359
Form type
4
Date filed
9/13/2024, 04:43 PM
Previous filing
Mar 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLSK Common Stock Options Exercise $0 +405K +17.62% $0.00 2.7M Sep 12, 2024 Direct F1
transaction CLSK Common Stock Tax liability -$1.65M -178K -6.59% $9.25 2.53M Sep 12, 2024 Direct F2
holding CLSK Common Stock 480K Sep 12, 2024 By S M Schultz Irrevocable Trust
holding CLSK Common Stock 41K Sep 12, 2024 By Spouse
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 -405K -50% $0.00 405K Sep 12, 2024 Common Stock 405K 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 an executive officer and director 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 Shares were withheld by Issuer to cover the payment of withholding taxes in connection with the vesting and settlement of the above-mentioned RSUs.