CleanSpark executive sells 29,762 shares in plan
CLEANSPARK CTO/COO Taylor Monnig executed Rule 10b5‑1 equity sales and tax-related share withholdings alongside large RSU conversions into common stock.
Rhea-AI Filing Summary
CLEANSPARK, INC. (CLSK) reported that its chief technology and operating officer, Taylor Monnig, settled equity awards and related obligations while making pre‑planned stock sales. On September 4, 2026, previously granted restricted stock units converted into 297,616 shares of common stock, with 17,757 shares delivered or withheld for payment of exercise price or tax liability and 4,513 shares sold at a weighted‑average price of about $12.61 per share. On September 8, 2026, additional shares were delivered or withheld for payment of exercise price or tax liability and 25,249 shares of common stock were sold at a weighted‑average price of about $13.34 per share. The filing states these sales and related share deliveries or withholdings were made pursuant to a Rule 10b5‑1(c) trading plan adopted on May 13, 2026, and Monnig continues to hold stock options and a substantial number of restricted and performance stock unit awards tied to future service and performance conditions.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
23 txns
Insider
Monnig Taylor
Role
CTO, COO
Sold
29,762 shs ($394K)
Approx. gross sale proceeds
$394K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock F1, F2 | 52,004 | $13.3371 | $694K |
| Sale | Common Stock F1, F2 | 13,216 | $13.3371 | $176K |
| Exercise Price or Tax Liability | Common Stock F1, F2 | 47,351 | $13.3371 | $632K |
| Sale | Common Stock F1, F2 | 12,033 | $13.3371 | $160K |
| Exercise | Restricted Stock Units F7 | 132,158 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F8 | 45,125 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F7 | 120,333 | $0.00 | $0.00 |
| Exercise | Common Stock | 132,158 | $0.00 | $0.00 |
| Exercise | Common Stock | 45,125 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F1, F3 | 17,757 | $12.6089 | $224K |
| Sale | Common Stock F1, F3 | 4,513 | $12.6089 | $57K |
| Exercise | Common Stock | 120,333 | $0.00 | $0.00 |
| holding | Employee Stock Option (Right to Buy) F4 | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) F5 | -- | -- | -- |
| holding | Restricted Stock Units F6 | -- | -- | -- |
| holding | Restricted Stock Units F7 | -- | -- | -- |
| holding | Restricted Stock Units F8 | -- | -- | -- |
| holding | Restricted Stock Units F7 | -- | -- | -- |
| holding | Restricted Stock Units F9 | -- | -- | -- |
| holding | Restricted Stock Units F10 | -- | -- | -- |
| holding | Performance Stock Units F11 | -- | -- | -- |
| holding | Performance Stock Units F12 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,984,612 contracts for 1,299,127 underlying shares (Direct);
Common Stock — 489,094 shares (Direct);
Employee Stock Option (Right to Buy) — 40,000 contracts (Direct);
Performance Stock Units — 1,040,500 contracts (Direct)
Footnotes (12)
- 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 September 8-9, 2026 ranging from $13.1901 to $13.7001. 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. this is a weighted average of prices for all sales made on September 4, 2026 from $12.5601 to $12.6700. 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 price.
- F4. These Options were granted on August 10, 2022 and vested in equal annual installments over three years.
- F5. These Options were granted on July 7, 2023 and vested in equal monthly installments over 36 months.
- F6. These RSUs will vest on September 30, 2026.
- F7. These RSUs vest in equal annual installments over three years on September 4, 2026, September 4, 2027, and September 4, 2028.
- F8. These RSUs vest in equal semiannual installments over three years on September 4, 2026, February 13, 2027, September 4, 2027, February 13, 2028, and September 4, 2028.
- F9. These RSUs vest in equal quarterly installments on December 3, 2026, February 12, 2027, May 13, 2027, August 13, 2027, and December 3, 2027.
- F10. 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.
- F11. 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 210,000 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.
- F12. The number of shares under these Strategic Transformation Performance Awards ("STPA") represents the maximum number of common shares for which the STPAs will vest upon the Issuer's common stock achieving target market prices, based on a 20-trading day average, with threshold performance at $47 per share and maximum payout at $94 per share, before September 30, 2030, subject to the Reporting Person remaining employed by the Issuer on September 30, 2030. The reported STPA awards do not include 830,500 shares of common stock that vest upon achievement of performance goals tied to power under leases to customers for data centers that are operationally ready to host IT equipment and deliver services (RFS), with threshold performance at 1.0 GW and maximum payout at 2.5 GW, before September 30, 2030, subject to the Reporting Person remaining employed by the Issuer on September 30, 2030.
Key Figures
Common shares sold: 29,762 shares
Shares from RSU conversions: 297,616 shares
Shares delivered or withheld for exercise price or tax liabilities: 117,112 shares
+5 more
8 metrics
Common shares sold
29,762 shares
Total common stock sales reported for September 4 and 8, 2026
Shares from RSU conversions
297,616 shares
Common stock received from restricted stock unit conversions on September 4, 2026
Shares delivered or withheld for exercise price or tax liabilities
117,112 shares
Code F transactions covering payments on September 4 and 8, 2026
Weighted‑average sale price on September 4, 2026
$12.6089 per share
Common stock sales and related share deliveries or withholdings, price given as weighted average
Weighted‑average sale price on September 8–9, 2026
$13.3371 per share
Common stock sales and related share deliveries or withholdings, price given as weighted average
Employee stock option exercise price
$5.98 per share
Option covering 15,000 underlying shares expiring August 10, 2032
Employee stock option exercise price
$6.00 per share
Option covering 25,000 underlying shares expiring July 6, 2033
Strategic Transformation Performance Awards maximum shares
830,500 shares
Maximum underlying common shares for one set of STPA awards, subject to stock‑price and power‑capacity performance goals
Key Terms
Rule 10b5-1(c) plan, Restricted Stock Units, Performance Stock Units, Long-Term Incentive Plan ("LTIP") awards, +1 more
5 terms
Rule 10b5-1(c) plan regulatory
"This transaction was made pursuant to a Rule 10b5-1(c) plan adopted"
Restricted Stock Units financial
"These RSUs vest in equal annual installments over three years"
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.
Performance Stock Units financial
"Vesting of these Long-Term Incentive Plan ("LTIP") awards is contingent"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Long-Term Incentive Plan ("LTIP") awards financial
"Vesting of these Long-Term Incentive Plan ("LTIP") awards is contingent"
Strategic Transformation Performance Awards ("STPA") financial
"The number of shares under these Strategic Transformation Performance Awards"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity transactions did CLEANSPARK (CLSK) executive Taylor Monnig report on this Form 4?
Taylor Monnig reported RSU conversions into 297,616 common shares, share deliveries or withholdings to pay exercise price or tax liabilities, and 29,762 shares of common stock sold in market transactions on September 4 and 8, 2026.
Were Taylor Monnig’s CLEANSPARK (CLSK) trades made under a Rule 10b5‑1 plan?
Yes. A footnote states these transactions were made pursuant to a Rule 10b5‑1(c) plan that Taylor Monnig adopted on May 13, 2026, covering the sales and related share deliveries or withholdings reported here.
What CLEANSPARK (CLSK) equity awards did Monnig exercise or convert on September 4, 2026?
On September 4, 2026, previously granted restricted stock units were converted into 297,616 shares of CLEANSPARK common stock, with a portion of those shares delivered or withheld to pay exercise price or tax liabilities and some sold in contemporaneous transactions.
What stock options does Taylor Monnig still hold in CLEANSPARK (CLSK)?
Monnig continues to hold employee stock options covering 15,000 shares at an exercise price of $5.98 per share expiring August 10, 2032, and options covering 25,000 shares at an exercise price of $6.00 per share expiring July 6, 2033.
What performance-based CLEANSPARK (CLSK) awards does Monnig have outstanding?
Monnig holds Long‑Term Incentive Plan and Strategic Transformation Performance Awards tied to CLEANSPARK common stock performance and power‑capacity metrics, including reported performance stock unit awards covering 210,000 and 830,500 underlying shares, each subject to specified price or operational targets and continued employment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
