Cleanspark (CLSK) EVP receives 160,000 RSUs and 120,000 performance units

Rhea-AI Filing Summary

Garrison Scott Eugene reported acquisition or exercise transactions in this Form 4 filing.

Cleanspark, Inc. executive Scott Eugene Garrison, EVP and Chief Development Officer, received new equity awards as part of his compensation. On March 20, 2026 he was granted 160,000 restricted stock units and 120,000 performance stock units tied to Cleanspark common stock, all at a stated price of $0.00 per unit.

The 160,000 restricted stock units will vest in equal annual installments on March 20, 2027, March 20, 2028 and March 20, 2029, subject to his continued employment. The performance stock units are Long-Term Incentive Plan awards that vest only if the common stock reaches a target market price of at least $18.80 based on a 20‑trading‑day average during the period ending March 20, 2027 and if he remains employed on the vesting date of March 20, 2029.

The footnotes also describe additional LTIP awards for a maximum of 120,000 shares linked to 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, likewise subject to continued employment through March 20, 2029. The filing further shows that Garrison holds various existing option and RSU positions and 199,423 shares of common stock directly.

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^*

Garrison Scott Eugene

(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)
	EVP, Chief Development Officer

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								199,423	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							(1)	07/06/2033	Common Stock	20,139		20,139	D
Employee Stock Options (Right to Buy)	$15.69							(2)	05/14/2031	Common Stock	45,000		45,000	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	18,737		18,737	D
Restricted Stock Units	$0	03/20/2026		A		160,000		(7)	(7)	Common Stock	160,000	$0	160,000	D
Performance Stock Units	$0	03/20/2026		A		120,000		(8)	(8)	Common Stock	120,000	$0	120,000	D

Explanation of Responses:

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

2. These Options were granted on May 14, 2021 and vested 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 120,000 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.

	/s/ Scott E. Garrison	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) EVP Scott Garrison report in this Form 4?

Scott Garrison reported equity compensation awards, not open‑market trades. He received 160,000 restricted stock units and 120,000 performance stock units on March 20, 2026, plus disclosed existing option, RSU and common stock holdings in Cleanspark common shares.

How many restricted stock units did CLSK grant to Scott Garrison?

Cleanspark granted Scott Garrison 160,000 restricted stock units. These RSUs vest in three equal annual installments on March 20, 2027, March 20, 2028 and March 20, 2029, and each installment requires that he remain employed with Cleanspark through the applicable vesting date.

What are the terms of Scott Garrison’s performance stock units at Cleanspark (CLSK)?

Garrison received 120,000 performance stock units under Cleanspark’s Long-Term Incentive Plan. Vesting requires Cleanspark’s common stock to reach a $18.80 target price based on a 20‑day average by March 20, 2027, and his continued employment through the March 20, 2029 vesting date.

Are there additional Cleanspark LTIP awards mentioned beyond the 120,000 performance units?

Yes. Footnotes describe additional LTIP awards for up to 120,000 shares tied to performance goals based on gross power under leases for data center customers, with thresholds between 600 MW and 800 MW gross during a period ending March 20, 2027, and vesting on March 20, 2029 if employment continues.

Does this Cleanspark (CLSK) Form 4 show Scott Garrison buying or selling stock in the market?

No, the Form 4 reflects compensation-related grants and existing holdings. The transactions coded as “A” are grants of restricted and performance stock units at $0.00 per unit rather than open‑market purchases or sales of Cleanspark common stock by the executive.

What option positions for Cleanspark stock does Scott Garrison hold after these transactions?

The filing lists employee stock options with underlying 20,139 Cleanspark common shares at a $6.00 exercise price expiring July 6, 2033, and options with underlying 45,000 shares at a $15.69 exercise price expiring May 14, 2031, in addition to multiple restricted stock unit awards.