James Donald Kelly III - 30 Oct 2024 Form 4 Insider Report for GRIID Infrastructure Inc.

Role: CEO and Chair of Board, Director
Signature: /s/ Alexander G. Fraser, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 30 Oct 2024
Net transactions value: $0
Form type: 4
Filing time: 31 Oct 2024, 20:12:32 UTC
Previous filing: 03 Jan 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GRDI	Common Stock	Disposed to Issuer		-29,586,702	-100%		0	30 Oct 2024	by GRIID Holdings, LLC	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

James Donald Kelly III is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	These shares were canceled pursuant to the closing of the merger contemplated under 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. and automatically converted into the right to receive fully paid and nonassessable shares of CleanSpark common stock pursuant to the terms of the Merger Agreement.
F2	Mr. Kelly is the sole member of GRIID Holdings, LLC. Mr Kelly has sole voting and/or investment power of the securities helf by this entity and, as a result, is deemed to have beneficial ownership of the shares held by this entity.

Content

These shares were canceled pursuant to the closing of the merger contemplated under 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. and automatically converted into the right to receive fully paid and nonassessable shares of CleanSpark common stock pursuant to the terms of the Merger Agreement.

Mr. Kelly is the sole member of GRIID Holdings, LLC. Mr Kelly has sole voting and/or investment power of the securities helf by this entity and, as a result, is deemed to have beneficial ownership of the shares held by this entity.