Gary A. Vecchiarelli - Sep 12, 2024 Form 4 Insider Report for CLEANSPARK, INC. (CLSK)

Role
Chief Financial Officer
Signature
/s/ Gary A. Vecchiarelli
Stock symbol
CLSK
Transactions as of
Sep 12, 2024
Transactions value $
-$145,595
Form type
4
Date filed
9/13/2024, 04:44 PM
Previous filing
Feb 27, 2024
Next filing
Oct 2, 2024
This filing has been restated, see here for the amended filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLSK Common Stock Options Exercise $0 +40K +7.22% $0.00 594K Sep 12, 2024 Direct F1
transaction CLSK Common Stock Tax liability -$146K -15.7K -2.65% $9.25 579K Sep 12, 2024 Direct F2

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 -40K -50% $0.00 40K Sep 12, 2024 Common Stock 40K 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.