CTO, COO Monnig Taylor converted options into 33,350 shares and covered exercise/tax liability with 13,123 shares, increasing direct ownership by 17% to 140,564 units (SEC Form 4)
$CLSK
Finance: Consumer Services
Finance
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
CLEANSPARK, INC. [ CLSK ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 09/30/2025 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 120,337 | D | ||||||||
| Common Stock | 09/30/2025 | M | 33,350 | A | $0 | 153,687 | D | |||
| Common Stock | 09/30/2025 | F | 13,123 | D | $0(1) | 140,564 | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Employee Stock Options (Right to Buy) | $5.98 | (2) | 08/10/2032 | Common Stock | 15,000 | 15,000 | D | ||||||||
| Employee Stock Options (Right to Buy) | $6 | (3) | 07/06/2033 | Common Stock | 25,000 | 25,000 | D | ||||||||
| Restricted Stock Units | $0 | (4) | (4) | Common Stock | 66,700 | 66,700 | D | ||||||||
| Restricted Stock Units | $0 | 09/30/2025 | M | 33,350 | 09/30/2025 | (4) | Common Stock | 33,350 | $0 | 33,350 | D | ||||
| Restricted Stock Units | $0 | (5) | (5) | Common Stock | 4,818 | 4,818 | D | ||||||||
| Restricted Stock Units | $0 | (6) | (6) | Common Stock | 396,476 | 396,476 | D | ||||||||
| Restricted Stock Units | $0 | (7) | (7) | Common Stock | 270,750 | 270,750 | D | ||||||||
| Restricted Stock Units | $0 | (6) | (6) | Common Stock | 361,000 | 361,000 | D | ||||||||
| Explanation of Responses: |
| 1. These shares were withheld to cover the Reporting Person's tax liability on an RSU vesting. No sale occurred. |
| 2. These Options were granted on August 10, 2022 and vest in equal annual installments over three years. |
| 3. These Options were granted on July 7, 2023 and vest in equal monthly installments over 36 months. |
| 4. These RSUs vested 50% on September 30, 2025, and the remaining 50% will vest on September 30, 2026. |
| 5. These RSUs vest in equal quarterly installments on December 3, 2025, February 13, 2026, May 13, 2026, August 13, 2026, December 3, 2026, February 12, 2027, May 13, 2027, August 13, 2027, and December 3, 2027. |
| 6. These RSUs vest in equal annual installments over three years on September 4, 2026, September 4, 2027, and September 4, 2028. |
| 7. These RSUs vested 25% on September 9, 2025; the remaining 75% vests in equal semiannual installments over three years on February 13, 2026, September 4, 2026, February 13, 2027, September 4, 2027, February 13, 2028, and September 4, 2028. |
| /s/ Taylor Monnig | 09/30/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||