CleanSpark EVP Garrison acquires 33,350 shares
CleanSpark, Inc. EVP, Chief Development Officer Scott Eugene Garrison exercised 33,500 restricted stock units on September 30, 2026, and acquired 33,350 common shares.
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Form Type
4
Rhea-AI Filing Summary
CleanSpark, Inc. EVP, Chief Development Officer Scott Eugene Garrison exercised 33,500 restricted stock units on September 30, 2026, and acquired 33,350 common shares. On October 1, he delivered or had 14,854 common shares withheld for payment of exercise price or tax liability; that transaction was made under a Rule 10b5-1(c) plan adopted May 13, 2026. His reported option holdings included options covering 20,139 common shares at a $6.00 exercise price, expiring July 6, 2033, and options covering 45,000 common shares at $15.69, expiring May 14, 2031.
Insider Trade Summary 10b5-1
33,500 shares exercised/converted
Exercise
13 txns
Insider
Garrison Scott Eugene
Role
EVP, Chief Development Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock F1, F2 | 14,854 | $12.3303 | $183K |
| Exercise | Restricted Stock Units F5 | 33,500 | $0.00 | $0.00 |
| Exercise | Common Stock | 33,350 | $0.00 | $0.00 |
| holding | Employee Stock Options (Right to Buy) F3 | -- | -- | -- |
| holding | Employee Stock Options (Right to Buy) F4 | -- | -- | -- |
| holding | Restricted Stock Units F5 | -- | -- | -- |
| holding | Restricted Stock Units F6 | -- | -- | -- |
| holding | Restricted Stock Units F7 | -- | -- | -- |
| holding | Restricted Stock Units F6 | -- | -- | -- |
| holding | Restricted Stock Units F8 | -- | -- | -- |
| holding | Restricted Stock Units F9 | -- | -- | -- |
| holding | Performance Stock Units F10 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 892,219 contracts (Direct);
Common Stock — 753,396 shares (Direct);
Employee Stock Options (Right to Buy) — 65,139 contracts (Direct);
Performance Stock Units — 120,000 contracts (Direct)
Footnotes (10)
- F1. This transaction was made pursuant to a Rule 10b5-1(c) plan adopted on May 13, 2026.
- F2. This is a weighted average of prices for all sales made on October 1, 2026 ranging from $12.2859 to $12.4201. Upon request, the Reporting Person will provide to the SEC, the Issuer, or any security holder of the Issuer full information regarding the number of shares sold at each separate date and price.
- F3. These Options were granted on July 7, 2023 and vested in equal monthly installments over 36 months.
- F4. These Options were granted on May 14, 2021 and vested in equal monthly installments over 36 months.
- F5. These RSUs vested on September 30, 2026.
- F6. These RSUs vest in equal annual installments over three years on September 4, 2027, and September 4, 2028.
- F7. These RSUs vest in equal semiannual installments over three years on February 13, 2027, September 4, 2027, February 13, 2028, and September 4, 2028.
- F8. These RSUs vest in equal quarterly installments on December 3, 2026, February 12, 2027, May 13, 2027, August 13, 2027, and December 3, 2027.
- F9. These RSUs vest in equal annual installments over three years on March 20, 2027, March 20, 2028, and March 20, 2029, subject to the Reporting Person's continued employment or service with the Issuer through each such date.
- F10. Vesting of these Long-Term Incentive Plan ("LTIP") awards is contingent on the common stock achieving a specified target market price of at least $18.80 based on a 20-trading day average during the period ending March 20, 2027, subject to the Reporting Person remaining employed by the Issuer on the vesting date of March 20, 2029. The reported LTIP awards do not include LTIP awards in respect of a maximum of 120,000 shares of common stock for which such awards will vest in accordance with their terms upon achievement of specified performance goals tied to gross power under leases to customers for data centers, with threshold performance at 600 MW gross and maximum payout at 800 MW gross, during the period ending March 20, 2027, subject to the Reporting Person remaining employed by the Issuer on the vesting date of March 20, 2029.
Key Figures
Restricted stock units exercised: 33,500 units
Common shares acquired: 33,350 shares
Shares delivered or withheld: 14,854 shares
+2 more
5 metrics
Restricted stock units exercised
33,500 units
September 30, 2026
Common shares acquired
33,350 shares
September 30, 2026
Shares delivered or withheld
14,854 shares
October 1, 2026; for payment of exercise price or tax liability
Employee stock options
20,139 underlying common shares at a $6.00 exercise price
Expire July 6, 2033
Employee stock options
45,000 underlying common shares at a $15.69 exercise price
Expire May 14, 2031
Key Terms
Rule 10b5-1(c) plan, Restricted Stock Units, exercise price, Long-Term Incentive Plan, +1 more
5 terms
Rule 10b5-1(c) plan regulatory
"made pursuant to a Rule 10b5-1(c) plan adopted on May 13, 2026"
Restricted Stock Units financial
"These RSUs vested on September 30, 2026."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
exercise price financial
"Employee Stock Options (Right to Buy)"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
Long-Term Incentive Plan financial
"These Long-Term Incentive Plan ("LTIP") awards"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
20-trading day average financial
"based on a 20-trading day average during the period ending March 20, 2027"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transactions did CLSK executive Scott Eugene Garrison report?
On September 30, 2026, he exercised 33,500 restricted stock units and acquired 33,350 common shares. On October 1, 2026, 14,854 common shares were delivered or withheld for payment of exercise price or tax liability; that transaction was made pursuant to a Rule 10b5-1(c) plan adopted May 13, 2026.
What conditions apply to Scott Eugene Garrison's 120,000 CLSK performance stock units?
Vesting of the reported 120,000-unit award is contingent on CleanSpark common stock achieving a target of at least $18.80 based on a 20-trading day average during the period ending March 20, 2027, and Garrison remaining employed on March 20, 2029. A separate footnote describes additional LTIP awards for a maximum of 120,000 shares tied to gross-power targets under data-center leases.
AI-generated analysis. How Rhea-AI works. Not financial advice.
