S. Matthew Schultz - Sep 30, 2024 Form 4 Insider Report for CLEANSPARK, INC. (CLSK)

Signature
/s/ S. Matthew Schultz
Stock symbol
CLSK
Transactions as of
Sep 30, 2024
Transactions value $
-$674,787
Form type
4
Date filed
10/2/2024, 09:44 PM
Previous filing
Oct 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLSK Common Stock Award $0 +410K +19.36% $0.00 2.53M Sep 30, 2024 Direct F1, F2
transaction CLSK Common Stock Tax liability -$675K -72.2K -2.85% $9.34 2.46M Sep 30, 2024 Direct F3
holding CLSK Common Stock 480K Sep 30, 2024 By S M Schultz Irrevocable Trust
holding CLSK Common Stock 41K Sep 30, 2024 By Spouse
holding CLSK Series A Preferred 500K Sep 30, 2024 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The total reported amount includes RSUs granted on September 30, 2024, with 40%, or 164,197, of the RSUs vesting immediately, and the remaining 246,296 vesting in twelve equal quarterly installments beginning on February 13, 2025 and continuing quarterly thereafter on May 13, 2025, August 13, 2025, December 3, 2025, February 13, 2026, May 13, 2026, August 13, 2026, December 3, 2026, February 12, 2027, May 13, 2027, August 13, 2027 and December 3, 2027, subject to the officer's continued service to the Company through each vesting date.
F2 This total amount includes 246,296 RSUs vesting in twelve equal quarterly installments beginning on February 13, 2025 and continuing quarterly thereafter on May 13, 2025, August 13, 2025, December 3, 2025, February 13, 2026, May 13, 2026, August 13, 2026, December 3, 2026, February 12, 2027, May 13, 2027, August 13, 2027 and December 3, 2027, subject to the officer's continued service to the Company through each vesting date, and further includes 405,000 RSUs which vest on September 12, 2025.
F3 Shares were withheld by Issuer to cover the payment of withholding taxes in connection with the 40% vesting and settlement of the above-mentioned RSUs.