STOCK TITAN

[Form 4] CLEANSPARK, INC. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

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.

Scott E. Garrison, Vicepresidente Esecutivo e Responsabile Sviluppo di CleanSpark, Inc. (CLSK), ha riportato multiple transazioni azionarie datate 30/09/2025 in un modulo Form 4. La segnalazione mostra una cessione di 152.932 azioni ordinarie, un'acquisizione di 33.350 azioni tramite regolamento RSU a $0, e 14.854 azioni trattenute per coprire gli obblighi fiscali relativi alla vesting delle RSU. Il Form 4 elenca anche posizioni derivate in essere: opzioni azionarie per dipendenti exercitabili per 20.139 e 45.000 azioni ordinarie (prezzi di esercizio rispettivamente di $6 e $15,69) e molteplici saldi di unità azione limitata (RSU) per diverse tranche, tra cui 66.700, 396.476, 270.750 e 361.000 azioni con calendari di vesting specifici. La segnalazione include spiegazioni secondo cui alcune RSU sono maturate parzialmente il 30/09/2025 e altre maturano in date future specificate, e che le azioni trattenute sono state utilizzate per soddisfare gli obblighi fiscali.

Scott E. Garrison, Vicepresidente Ejecutivo y Director de Desarrollo de CleanSpark, Inc. (CLSK), reportó múltiples transacciones de acciones fechadas el 30/09/2025 en un Formulario 4. El registro muestra una disposición de 152,932 acciones comunes, una adquisición de 33,350 acciones mediante liquidación RSU a $0, y 14,854 acciones retenidas para cubrir obligaciones fiscales sobre la vesting de RSU. El Form 4 también lista participaciones derivadas pendientes: opciones sobre acciones para empleados ejercitables por 20,139 y 45,000 acciones comunes (con precios de ejercicio de $6 y $15.69 respectivamente) y múltiples saldos de RSU que suman varias tranche, incluyendo 66,700, 396,476, 270,750 y 361,000 acciones con calendarios de vesting específicos. El registro incluye explicaciones de que ciertas RSU vestieron parcialmente el 30/09/2025 y otras vestirán en fechas futuras especificadas, y que las acciones retenidas se utilizaron para satisfacer obligaciones fiscales.

Scott E. Garrison, CleanSpark, Inc. (CLSK)의 최고전무이사 겸 개발책임자는 2025-09-30에 작성된 Form 4에서 여러 주식 거래를 보고했습니다. 공시는 152,932주 일반주식의 처분, RSU 정산을 통한 33,350주 인수(주당 $0), RSU vesting에 대한 세금 의무를 충당하기 위해 14,854주를 공제했음을 나타냅니다. Form 4에는 현재 남아 있는 파생 보유도 기재되어 있는데, 직원 주식 매수선택권(행사가능)으로 20,139주 및 45,000주 일반주식이 행사가를 각각 $6 및 $15.69로 가지고 있으며, 여러 트랜치의 RSU 잔액도 포함되어 있습니다(예: 66,700, 396,476, 270,750, 361,000주가 특정 vesting 일정과 함께). 보고서는 일부 RSU가 2025-09-30에 부분적으로 vest하고, 다른 RSU는 특정 향후 날짜에 vest되며, 공제 주식은 세금 채무를 충당하는 데 사용되었다고 설명합니다.

Scott E. Garrison, Vice-président exécutif et Directeur du développement de CleanSpark, Inc. (CLSK), a déclaré plusieurs transactions d'actions datées du 30/09/2025 sur un formulaire Form 4. Le dépôt indique une cession de 152 932 actions ordinaires, une acquisition de 33 350 actions par règlement RSU à 0 $ et 14 854 actions retenues pour couvrir les obligations fiscales liées à la vesting des RSU. Le Form 4 répertorie également des positions dérivées en cours : des stock-options d’employés exerçables sur 20 139 et 45 000 actions ordinaires (avec des prix d’exercice respectifs de 6 $ et 15,69 $) et plusieurs soldes de RSU totalisant plusieurs tranches incluant 66 700, 396 476, 270 750 et 361 000 actions avec des calendriers de vesting spécifiques. Le dépôt comprend des explications selon lesquelles certaines RSU se sont partiellement vestées le 30/09/2025 et d’autres vestent à des dates futures spécifiées, et que les actions retenues ont été utilisées pour s’acquitter des obligations fiscales.

Scott E. Garrison, Executive Vice President und Chief Development Officer von CleanSpark, Inc. (CLSK), hat mehrere Eigenkapitaltransaktionen datiert auf den 30.09.2025 in einem Form 4 gemeldet. Die Einreichung zeigt eine gemeldete Abgabe von 152.932 Stammaktien, einen Erwerb von 33.350 Aktien durch RSU-Abrechnung zu 0 $, und 14.854 Aktien, die einbehalten wurden, um Steuerschulden im Zusammenhang mit dem RSU- Vesting zu decken. Das Form 4 listet auch ausstehende Derivate-Positionen auf: Mitarbeitervorratsoptionen, die für 20.139 und 45.000 Stammaktien exercisierbar sind (Ausübungspreise jeweils 6 $ bzw. 15,69 $) und mehrere RSU-Bilanzen, die mehrere Tranchen umfassen, darunter 66.700, 396.476, 270.750 und 361.000 Aktien mit festgelegten Vesting-Plänen. Die Einreichung enthält Erklärungen, dass bestimmte RSUs am 30.09.2025 teilweise vestet wurden und andere zu künftig festgelegten Terminen vesten, und dass einbehaltene Aktien verwendet wurden, um Steuerschulden zu begleichen.

سكوت إي. غاريسون، نائب الرئيس التنفيذي ومدير التطوير في CleanSpark, Inc. (CLSK)، أبلغ عن عدة معاملات حقوق ملكية موثقة بتاريخ 30/09/2025 في نموذج 4. يظهر الملف تقارير عن تصرف في 152,932 سهماً عاديًا، واكتساب قدره 33,350 سهماً من خلال تسوية RSU بسعر 0 دولار، وحجز 14,854 سهماً لتغطية الالتزامات الضريبية على vesting RSU. كما يسرد نموذج 4 أوضاعاً مشتقة قائمة: خيارات أسهم موظفين قابلة للممارسة لـ 20,139 و45,000 سهماً عاديًا (أسعار التمرين 6 دولارات و15.69 دولار على التوالي) وبطاقات RSU متعددة تبلغ رصيداً إجمالياً لعدة أجزة بما في ذلك 66,700، 396,476، 270,750 و361,000 سهماً مع جداول vesting محددة. تشمل الإيضاحات أن بعض RSUs vestت جزئياً في 30/09/2025 وأن أخرى vest في تواريخ مستقبلية محددة، وأن الأسهم المحجوزة اُستخدمت لتلبية الالتزامات الضريبية.

Scott E. Garrison,CleanSpark, Inc.(CLSK)的执行副总裁兼首席开发官,在一份 Form 4 中报告了多笔日期为 2025-09-30 的股权交易。该披露显示有 152,932 股普通股的处置、通过 RSU 清算以 0 美元取得 33,350 股,以及为 RSU 行权所产生的税务义务而扣留的 14,854 股。Form 4 还列出未清偿的衍生品持有:雇员股票期权可行使的股份分别为 20,139 股和 45,000 股(行使价分别为 6 美元和 15.69 美元),以及多项限制性股票单位(RSU)余额,总计多笔分阶段的股份,包含 66,700396,476270,750361,000 股,均有具体的归属日期安排。披露还包括说明:某些 RSU 于 2025-09-30 部分归属,其他则在未来的特定日期归属,且扣留的股份用于满足税务责任。

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.

Scott E. Garrison, Vicepresidente Esecutivo e Responsabile Sviluppo di CleanSpark, Inc. (CLSK), ha riportato multiple transazioni azionarie datate 30/09/2025 in un modulo Form 4. La segnalazione mostra una cessione di 152.932 azioni ordinarie, un'acquisizione di 33.350 azioni tramite regolamento RSU a $0, e 14.854 azioni trattenute per coprire gli obblighi fiscali relativi alla vesting delle RSU. Il Form 4 elenca anche posizioni derivate in essere: opzioni azionarie per dipendenti exercitabili per 20.139 e 45.000 azioni ordinarie (prezzi di esercizio rispettivamente di $6 e $15,69) e molteplici saldi di unità azione limitata (RSU) per diverse tranche, tra cui 66.700, 396.476, 270.750 e 361.000 azioni con calendari di vesting specifici. La segnalazione include spiegazioni secondo cui alcune RSU sono maturate parzialmente il 30/09/2025 e altre maturano in date future specificate, e che le azioni trattenute sono state utilizzate per soddisfare gli obblighi fiscali.

Scott E. Garrison, Vicepresidente Ejecutivo y Director de Desarrollo de CleanSpark, Inc. (CLSK), reportó múltiples transacciones de acciones fechadas el 30/09/2025 en un Formulario 4. El registro muestra una disposición de 152,932 acciones comunes, una adquisición de 33,350 acciones mediante liquidación RSU a $0, y 14,854 acciones retenidas para cubrir obligaciones fiscales sobre la vesting de RSU. El Form 4 también lista participaciones derivadas pendientes: opciones sobre acciones para empleados ejercitables por 20,139 y 45,000 acciones comunes (con precios de ejercicio de $6 y $15.69 respectivamente) y múltiples saldos de RSU que suman varias tranche, incluyendo 66,700, 396,476, 270,750 y 361,000 acciones con calendarios de vesting específicos. El registro incluye explicaciones de que ciertas RSU vestieron parcialmente el 30/09/2025 y otras vestirán en fechas futuras especificadas, y que las acciones retenidas se utilizaron para satisfacer obligaciones fiscales.

Scott E. Garrison, CleanSpark, Inc. (CLSK)의 최고전무이사 겸 개발책임자는 2025-09-30에 작성된 Form 4에서 여러 주식 거래를 보고했습니다. 공시는 152,932주 일반주식의 처분, RSU 정산을 통한 33,350주 인수(주당 $0), RSU vesting에 대한 세금 의무를 충당하기 위해 14,854주를 공제했음을 나타냅니다. Form 4에는 현재 남아 있는 파생 보유도 기재되어 있는데, 직원 주식 매수선택권(행사가능)으로 20,139주 및 45,000주 일반주식이 행사가를 각각 $6 및 $15.69로 가지고 있으며, 여러 트랜치의 RSU 잔액도 포함되어 있습니다(예: 66,700, 396,476, 270,750, 361,000주가 특정 vesting 일정과 함께). 보고서는 일부 RSU가 2025-09-30에 부분적으로 vest하고, 다른 RSU는 특정 향후 날짜에 vest되며, 공제 주식은 세금 채무를 충당하는 데 사용되었다고 설명합니다.

Scott E. Garrison, Vice-président exécutif et Directeur du développement de CleanSpark, Inc. (CLSK), a déclaré plusieurs transactions d'actions datées du 30/09/2025 sur un formulaire Form 4. Le dépôt indique une cession de 152 932 actions ordinaires, une acquisition de 33 350 actions par règlement RSU à 0 $ et 14 854 actions retenues pour couvrir les obligations fiscales liées à la vesting des RSU. Le Form 4 répertorie également des positions dérivées en cours : des stock-options d’employés exerçables sur 20 139 et 45 000 actions ordinaires (avec des prix d’exercice respectifs de 6 $ et 15,69 $) et plusieurs soldes de RSU totalisant plusieurs tranches incluant 66 700, 396 476, 270 750 et 361 000 actions avec des calendriers de vesting spécifiques. Le dépôt comprend des explications selon lesquelles certaines RSU se sont partiellement vestées le 30/09/2025 et d’autres vestent à des dates futures spécifiées, et que les actions retenues ont été utilisées pour s’acquitter des obligations fiscales.

Scott E. Garrison, Executive Vice President und Chief Development Officer von CleanSpark, Inc. (CLSK), hat mehrere Eigenkapitaltransaktionen datiert auf den 30.09.2025 in einem Form 4 gemeldet. Die Einreichung zeigt eine gemeldete Abgabe von 152.932 Stammaktien, einen Erwerb von 33.350 Aktien durch RSU-Abrechnung zu 0 $, und 14.854 Aktien, die einbehalten wurden, um Steuerschulden im Zusammenhang mit dem RSU- Vesting zu decken. Das Form 4 listet auch ausstehende Derivate-Positionen auf: Mitarbeitervorratsoptionen, die für 20.139 und 45.000 Stammaktien exercisierbar sind (Ausübungspreise jeweils 6 $ bzw. 15,69 $) und mehrere RSU-Bilanzen, die mehrere Tranchen umfassen, darunter 66.700, 396.476, 270.750 und 361.000 Aktien mit festgelegten Vesting-Plänen. Die Einreichung enthält Erklärungen, dass bestimmte RSUs am 30.09.2025 teilweise vestet wurden und andere zu künftig festgelegten Terminen vesten, und dass einbehaltene Aktien verwendet wurden, um Steuerschulden zu begleichen.

SEC Form 4
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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Garrison Scott Eugene

(Last) (First) (Middle)
10624 S. EASTERN AVE.
SUITE A-638

(Street)
HENDERSON NV 89052

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CLEANSPARK, INC. [ CLSK ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Chief Development Officer
3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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 152,932 D
Common Stock 09/30/2025 M 33,350 A $0 186,282 D
Common Stock 09/30/2025 F 14,854 D $0(1) 171,428 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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) $6 (2) 07/06/2033 Common Stock 20,139 20,139 D
Employee Stock Options (Right to Buy) $15.69 (3) 05/14/2031 Common Stock 45,000 45,000 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 24,090 24,090 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 July 7, 2023 and vest in equal monthly installments over 36 months.
3. These Options were granted on May 14, 2021 and vested 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/ Scott E. Garrison 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.

FAQ

What transactions did CleanSpark (CLSK) insider Scott E. Garrison report on 09/30/2025?

The Form 4 reports a disposition of 152,932 common shares, an acquisition/settlement of 33,350 shares via RSUs at $0, and 14,854 shares withheld for tax purposes.

Did the filing show any option grants or outstanding exercisable options for Scott E. Garrison?

Yes. The filing lists employee stock options exercisable for 20,139 shares at a $6 exercise price and 45,000 shares at a $15.69 exercise price, both reported as held following the transactions.

Are there material RSU balances and what are their vesting characteristics?

The Form 4 discloses multiple RSU balances including 66,700, 396,476, 270,750, and 361,000 shares with various vesting schedules, some partially vested on 09/30/2025 and others vesting over months or years as specified in the filing.

Were any shares withheld to cover tax liabilities for the RSU vesting?

Yes. The filing explicitly states that 14,854 shares were withheld

Does the Form 4 indicate whether transactions were part of a pre-arranged sale plan?

The Form 4 does not state that the transactions were made under a pre-arranged sale plan; it only documents the amounts disposed, acquired, and withheld with explanations tied to RSU vesting.
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