CleanSpark (CLSK) Form 4: 152,932 Shares Disposed, 33,350 RSUs Settled
Rhea-AI Filing Summary
Scott E. Garrison, Executive Vice President and Chief Development Officer of CleanSpark, Inc. (CLSK), reported multiple equity transactions dated 09/30/2025 on a Form 4. The filing shows a reported disposition of 152,932 shares of common stock, an acquisition of 33,350 shares through RSU settlement at $0, and 14,854 shares withheld to cover tax obligations on RSU vesting. The Form 4 also lists outstanding derivative holdings: employee stock options exercisable for 20,139 and 45,000 common shares (at $6 and $15.69 exercise prices respectively) and multiple restricted stock unit (RSU) balances totaling several tranche amounts including 66,700, 396,476, 270,750, and 361,000 shares with specified vesting schedules. The filing includes explanations that certain RSUs vested partially on 09/30/2025 and others vest over specified future dates, and that withheld shares were used to satisfy tax liabilities.
Positive
- RSU settlement reported for 33,350 shares at $0, indicating planned compensation vesting
- Detailed vesting schedules and option strike prices are provided, improving transparency on future dilution timing
Negative
- Disposition of 152,932 common shares reported on 09/30/2025 which increases insider selling activity
- 14,854 shares withheld to cover taxes reduced net shares received from RSU vesting
Insights
TL;DR Insider reported stock dispositions and RSU vesting with tax withholding; holdings include options and large RSU grants.
The Form 4 discloses a sizeable disposition of 152,932 common shares alongside an RSU settlement of 33,350 shares and 14,854 shares withheld for taxes on 09/30/2025. Derivative positions include employee options exercisable for 20,139 and 45,000 shares and multiple RSU tranches totaling several hundred thousand shares with staggered vesting dates. These transactions appear to reflect routine compensation vesting and tax withholding rather than open-market purchases or sales for cash proceeds. The itemized vesting schedules and option strike prices provide clear detail on future potential dilution timing but the filing alone does not quantify percentage ownership or immediate market impact.
TL;DR Filing documents standard executive compensation vesting, tax withholding, and a large share disposition on a single date.
The disclosure identifies Scott E. Garrison as an officer and reports multiple equity events tied to RSU vesting and option grants. The explanation clarifies that shares were withheld to cover tax liabilities and lists vesting schedules for outstanding RSUs and options. From a governance perspective, the form follows Section 16 reporting requirements and provides transparent schedules for future vesting which is useful for assessing potential insider-driven share supply. The filing does not state motivations for the disposition or whether sales were pre-arranged, so no governance concern beyond standard executive compensation documentation can be inferred from the form itself.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 33,350 | $0.00 | -- |
| Exercise | Common Stock | 33,350 | $0.00 | -- |
| Tax Withholding | Common Stock | 14,854 | $0.00 | -- |
| holding | Employee Stock Options (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Options (Right to Buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- These shares were withheld to cover the Reporting Person's tax liability on an RSU vesting. No sale occurred. These Options were granted on July 7, 2023 and vest in equal monthly installments over 36 months. These Options were granted on May 14, 2021 and vested in equal monthly installments over 36 months. These RSUs vested 50% on September 30, 2025, and the remaining 50% will vest on September 30, 2026. 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. These RSUs vest in equal annual installments over three years on September 4, 2026, September 4, 2027, and September 4, 2028. 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.
