CleanSpark (CLSK) CTO Monnig receives multi-year RSU and performance awards

Rhea-AI Filing Summary

CLEANSPARK, INC. CTO and COO Taylor Monnig reported new stock-based compensation awards. On March 20, 2026, Monnig received 280,000 Restricted Stock Units (RSUs) and two Performance Stock Unit (PSU) awards covering 210,000 and 830,500 underlying shares of common stock.

The new RSUs vest in equal annual installments on March 20, 2027, March 20, 2028, and March 20, 2029, conditioned on continued employment. The LTIP PSU award depends on the stock reaching at least $18.80 on a 20‑day average and additional operational performance goals through March 20, 2027, with final vesting on March 20, 2029.

The STPA performance award represents the maximum number of shares that may vest if share‑price and data‑center power (GW) targets are achieved before September 30, 2030, and Monnig remains employed on that date. Monnig also continues to hold previously granted options and RSUs, including options over 15,000 and 25,000 shares at exercise prices of $5.98 and $6.00, respectively.

Insider Trade Summary

11 transactions reported

Mixed 11 txns

Insider Monnig Taylor

Role CTO, COO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	280,000	$0.00	--
Grant/Award	Performance Stock Units	210,000	$0.00	--
Grant/Award	Performance Stock Units	830,500	$0.00	--
holding	Employee Stock Option (Right to Buy)	--	--	--
holding	Employee Stock Option (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	--	--	--

Holdings After Transaction: Restricted Stock Units — 280,000 shares (Direct); Performance Stock Units — 210,000 shares (Direct); Employee Stock Option (Right to Buy) — 15,000 shares (Direct); Common Stock — 168,581 shares (Direct)

Footnotes (1)

1. These Options were granted on August 10, 2022 and vest in equal annual installments over three years. These Options were granted on July 7, 2023 and vest in equal monthly installments over 36 months. These RSUs will vest on September 30, 2026. 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 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 quarterly installments on 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 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 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. 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.

Form 4 Insider Transactions: What Each Field Means →

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Monnig Taylor

(Last) (First) (Middle)

10624 S. EASTERN AVE.

SUITE A-638

(Street)

HENDERSON NEVADA 89052

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	CTO, COO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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								168,581	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 Option (Right to Buy)	$5.98							(1)	08/10/2032	Common Stock	15,000		15,000	D
Employee Stock Option (Right to Buy)	$6							(2)	07/06/2033	Common Stock	25,000		25,000	D
Restricted Stock Units	$0							(3)	(3)	Common Stock	33,350		33,350	D
Restricted Stock Units	$0							(4)	(4)	Common Stock	396,476		396,476	D
Restricted Stock Units	$0							(5)	(5)	Common Stock	225,625		225,625	D
Restricted Stock Units	$0							(4)	(4)	Common Stock	361,000		361,000	D
Restricted Stock Units	$0							(6)	(6)	Common Stock	3,747		3,747	D
Restricted Stock Units	$0	03/20/2026		A		280,000		(7)	(7)	Common Stock	280,000	$0	280,000	D
Performance Stock Units	$0	03/20/2026		A		210,000		(8)	(8)	Common Stock	210,000	$0	210,000	D
Performance Stock Units	$0	03/20/2026		A		830,500		(9)	(9)	Common Stock	830,500	$0	830,500	D

Explanation of Responses:

1. These Options were granted on August 10, 2022 and vest in equal annual installments over three years.

2. These Options were granted on July 7, 2023 and vest in equal monthly installments over 36 months.

3. These RSUs will vest on September 30, 2026.

4. These RSUs vest in equal annual installments over three years on September 4, 2026, September 4, 2027, and September 4, 2028.

5. These RSUs vest 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.

6. These RSUs vest in equal quarterly installments on 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.

7. 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.

8. 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.

9. 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.

	/s/ Taylor Monnig	03/24/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did CleanSpark (CLSK) CTO Taylor Monnig report in this Form 4?

Taylor Monnig reported grants of new stock-based awards. These include 280,000 Restricted Stock Units and two Performance Stock Unit awards tied to 210,000 and 830,500 common shares, all part of long-term executive compensation with multi-year vesting and performance conditions.

How many Restricted Stock Units did CleanSpark (CLSK) grant to its CTO?

CleanSpark granted Taylor Monnig 280,000 Restricted Stock Units. These RSUs vest in three equal annual installments on March 20, 2027, March 20, 2028, and March 20, 2029, and require Monnig to remain employed with the company through each vesting date.

What performance conditions apply to CleanSpark (CLSK) LTIP awards in this filing?

The LTIP awards vest only if the common stock achieves a 20‑day average price of at least $18.80 and specific gross power lease targets between 600 MW and 800 MW by March 20, 2027, with final vesting on March 20, 2029, subject to continued employment.

What are the Strategic Transformation Performance Awards (STPA) reported for CleanSpark (CLSK)?

The STPA represents a maximum number of common shares that can vest if share price reaches targets between $47 and $94, and power-under-lease targets between 1.0 GW and 2.5 GW are met before September 30, 2030, with employment required through that date.

Did CleanSpark (CLSK) CTO sell any shares in this Form 4?

No sales were reported in this Form 4. The filing shows only stock-based compensation grants and existing derivative and equity holdings, with no open‑market purchases, sales, gifts, or tax-related share withholdings disclosed in the transaction summary.

What option positions does CleanSpark (CLSK) CTO hold after these transactions?

Monnig holds employee stock options over 15,000 common shares at a $5.98 exercise price expiring August 10, 2032, and 25,000 shares at a $6.00 exercise price expiring July 6, 2033, along with multiple unvested RSU positions detailed in the derivative holdings table.