Gary A. Vecchiarelli - Dec 15, 2021 Form 4/A - Amendment Insider Report for CLEANSPARK, INC. (CLSK)

Role: Chief Financial Officer
Signature: /s/ Gary Anthony Vecchiarelli
Stock symbol: CLSK
Transactions as of: Dec 15, 2021
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 12/20/2021, 04:43 PM
Date Of Original Report: Dec 17, 2021
Next filing: Feb 18, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLSK	Common Stock	Award	$0	+60K	+600%	$0.00	70K	Dec 15, 2021	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	On December 17, 2021, the Reporting Person filed a Form 4 (the "Original Form 4") reporting the issuance of two separate restricted stock unit grants to the Reporting Person. The Original Form 4 is being amended by this Form 4 Amendment (the "Amendment") solely to correct an administrative error in the disclosures included in footnote (2) of the Original Form 4 with respect to the vesting terms of the 60,000 restricted stock units issued to the Reporting Person on December 15, 2021. This Amendment does not alter any other portions of the Original Form 4.
F2	Represents 60,000 restricted stock units awarded to the Reporting Person under the Plan, which shall vest pursuant to market conditions as follows: (i) 20,000 shall vest upon the Issuer maintaining a market capitalization of $1.5 billion or greater for 15 days within any given fiscal year after the grant date, which 15 days need not be consecutive, and (ii) 40,000 shall vest upon the Issuer maintaining a market capitalization of $2.0 billion or greater for 15 days within any given fiscal year after the grant date, which 15 days need not be consecutive.

Content

On December 17, 2021, the Reporting Person filed a Form 4 (the "Original Form 4") reporting the issuance of two separate restricted stock unit grants to the Reporting Person. The Original Form 4 is being amended by this Form 4 Amendment (the "Amendment") solely to correct an administrative error in the disclosures included in footnote (2) of the Original Form 4 with respect to the vesting terms of the 60,000 restricted stock units issued to the Reporting Person on December 15, 2021. This Amendment does not alter any other portions of the Original Form 4.

Represents 60,000 restricted stock units awarded to the Reporting Person under the Plan, which shall vest pursuant to market conditions as follows: (i) 20,000 shall vest upon the Issuer maintaining a market capitalization of $1.5 billion or greater for 15 days within any given fiscal year after the grant date, which 15 days need not be consecutive, and (ii) 40,000 shall vest upon the Issuer maintaining a market capitalization of $2.0 billion or greater for 15 days within any given fiscal year after the grant date, which 15 days need not be consecutive.