Neal Simmons - Oct 30, 2024 Form 4 Insider Report for GRIID Infrastructure Inc. (GRDI)

Role
Director
Signature
/s/ Alexander G. Fraser, Attorney-in-Fact
Stock symbol
GRDI
Transactions as of
Oct 30, 2024
Transactions value $
$0
Form type
4
Date filed
10/31/2024, 08:10 PM
Previous filing
May 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRDI Common Stock Disposed to Issuer -185K -100% 0 Oct 30, 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Neal Simmons is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents shares of the Issuer's common stock underlying restricted stock units ("RSUs"). Each RSU award that was outstanding immediately prior to the effective time of the merger, which terms were set forth in the Agreement and Plan of Merger (the "Merger Agreement"), dated as of June 26, 2024, by and among the Issuer, CleanSpark, Inc. ("CleanSpark") and Tron Merger Sub, Inc., immediately vested with respect to 100% of the shares of Issuer common stock subject to such award, which shares of Issuer common stock were automatically converted into the right to receive fully paid and nonassessable shares of CleanSpark common stock pursuant to the terms of the Merger Agreement.