S. Matthew Schultz - Nov 8, 2021 Form 4 Insider Report for CLEANSPARK, INC. (CLSK)

Role
Executive Chairman, Director
Signature
/s/ S. Matthew Schultz
Stock symbol
CLSK
Transactions as of
Nov 8, 2021
Transactions value $
$0
Form type
4
Date filed
11/10/2021, 04:26 PM
Previous filing
Jul 7, 2021
Next filing
Feb 18, 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLSK Common Stock Award $0 +24K +10.96% $0.00 243K Nov 8, 2021 Direct F1
transaction CLSK Common Stock Award $0 +55K +22.63% $0.00 298K Nov 8, 2021 Direct F2
holding CLSK Common Stock 480K Nov 8, 2021 By S M Schultz Irrevocable Trust
holding CLSK Common Stock 41K Nov 8, 2021 By Spouse

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 Employee Stock Options (Right to Buy) Award $0 +24K $0.00 24K Nov 8, 2021 Common Stock 24K $20.48 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 24,000 restricted stock units awarded to the Reporting Person under 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 restricted stock units shall vest as follows: (i) 2,000 are vested upon issuance, and (ii) the remaining 22,000 shall vest in equal monthly installments over the next 11 months.
F2 Represents 55,000 shares of restricted common stock, the vesting of which shares is subject to the achievement of certain corporate milestones of the Issuer.
F3 Vesting of the options is subject to the achievement of certain corporate milestones of the Issuer.