Alexander G. Fraser - Oct 30, 2024 Form 4 Insider Report for GRIID Infrastructure Inc. (GRDI)

Role: General Counsel & Secretary
Signature: /s/ Alexander G. Fraser
Stock symbol: GRDI
Transactions as of: Oct 30, 2024
Transactions value $: $0
Form type: 4
Date filed: 10/31/2024, 08:15 PM
Previous filing: Apr 18, 2024

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	GRDI	Employee Stock Options (right to buy)	Disposed to Issuer	$0	-300K	-100%	$0.00	0	Oct 30, 2024	Common Stock	300K	$0.99	Direct	F1
transaction	GRDI	Employee Stock Options (right to buy)	Disposed to Issuer	$0	-300K	-100%	$0.00	0	Oct 30, 2024	Common Stock	300K	$1.09	Direct	F2

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

Alexander G. Fraser is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	This vested option was 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. or converted into the right to receive fully paid and nonassessable shares of CleanSpark common stock in accordance with the terms of the Merger Agreement.
F2	This vested option was canceled pursuant to the closing of the merger contemplated under the Merger Agreement or converted into the right to receive fully paid and nonassessable shares of CleanSpark common stock in accordance with the terms of the Merger Agreement.

Content

This vested option was 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. or converted into the right to receive fully paid and nonassessable shares of CleanSpark common stock in accordance with the terms of the Merger Agreement.

This vested option was canceled pursuant to the closing of the merger contemplated under the Merger Agreement or converted into the right to receive fully paid and nonassessable shares of CleanSpark common stock in accordance with the terms of the Merger Agreement.