CleanSpark (NASDAQ: CLSK) CAO gets new RSUs and LTIP performance awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Carson Brian Jay reported acquisition or exercise transactions in this Form 4 filing.
CLEANSPARK, INC. Chief Accounting Officer Brian Jay Carson reported new equity awards. On March 20, 2026 he received 100,000 Restricted Stock Units and 75,000 Performance Stock Units, each settling in common stock.
The RSUs generally vest in equal annual installments over three years, including dates such as September 4, 2026–2028 and March 20, 2027–2029, subject to continued employment. The performance stock units are part of a long-term incentive plan that vests only if the common stock reaches at least $18.80 on a 20‑trading‑day average and certain operational goals tied to gross power under leases between 600 MW and 800 MW are achieved by March 20, 2027, with final vesting on March 20, 2029, also requiring continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Carson Brian Jay
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 100,000 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 75,000 | $0.00 | -- |
| holding | Employee Stock Options (Right to Buy) | -- | -- | -- |
| 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 | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 100,000 shares (Direct);
Performance Stock Units — 75,000 shares (Direct);
Employee Stock Options (Right to Buy) — 12,500 shares (Direct);
Common Stock — 47,321 shares (Direct)
Footnotes (1)
- These Options were granted on October 14, 2022 and vest in equal monthly installments over 36 months. These Options were granted on July 7, 2023 and vest in equal monthly installments over 36 months. These Options were granted on May 3, 2024 and vest in equal monthly installments over 36 months. These RSUs vest in equal annual installments over three years on September 4, 2026, September 4, 2027, and September 4, 2028. These RSUs vest 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. These RSUs vest in equal annual installments over three years on September 4, 2026, September 4, 2027, and September 4, 2028. 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. 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 75,000 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.
FAQ
What equity awards did CLEANSPARK (CLSK) grant to its Chief Accounting Officer?
CLEANSPARK granted its Chief Accounting Officer 100,000 Restricted Stock Units and 75,000 Performance Stock Units on March 20, 2026. Both awards settle in common stock and form part of his long-term incentive compensation, aligning pay with future company and share‑price performance.
How do Brian Jay Carson’s new CLEANSPARK RSUs vest?
The RSUs vest in equal annual installments over three years on specified dates, including September 4, 2026, September 4, 2027, September 4, 2028, and March 20 in 2027, 2028, and 2029. Vesting requires his continued employment or service with CLEANSPARK through each vesting date.
What performance conditions apply to CLEANSPARK’s new LTIP awards for its CAO?
The performance stock units vest only if CLEANSPARK’s common stock reaches at least $18.80 on a 20‑trading‑day average by March 20, 2027 and specified gross power under leases between 600 MW and 800 MW is achieved, with final vesting scheduled for March 20, 2029 and continued employment required.
Are the CLEANSPARK Form 4 transactions insider purchases or sales of common stock?
The Form 4 reports equity grants, not open‑market purchases or sales. It shows awards of RSUs and performance stock units plus existing option and share holdings. No buy or sell transactions in CLEANSPARK common stock are reported in this filing.
What stock options does the CLEANSPARK CAO hold after these Form 4 transactions?
The CAO holds employee stock options on 12,500 shares at an exercise price of $2.83 expiring October 14, 2032, 10,000 shares at $6.00 expiring July 6, 2033, and 5,000 shares at $16.15 expiring May 3, 2034, all for CLEANSPARK common stock.
What other CLEANSPARK RSU holdings are reported for the Chief Accounting Officer?
Beyond the new 100,000 RSUs, the Form 4 shows existing RSU positions covering 280,837 shares, 81,875 shares, and 131,000 shares of CLEANSPARK common stock. These awards vest over various schedules through 2028, contingent on continued employment with the company.