CLSK Form 4: 632-Share Sale, RSU Vests Totaling 56,060 Units Disclosed
Rhea-AI Filing Summary
Gary A. Vecchiarelli, Chief Financial Officer of CleanSpark, Inc. (CLSK), reported multiple changes in beneficial ownership on Form 4. The filing shows large dispositions of common stock, including a line listing 508,306 shares disposed, and a later sale on 08/14/2025 of 632 shares at a weighted-average price of $9.5644. The report also documents restricted stock units (RSUs): 40,000 RSUs and 16,060 RSUs held, and 1,606 RSUs vested on 08/13/2025. Following the reported transactions, the filing shows the reporting person beneficially owned 509,280 shares.
Positive
- RSU vesting schedule disclosed with specific vesting dates, providing clarity on when shares become common stock
- Weighted-average sale price for the 08/14/2025 sale is provided with a range, and the filer offers to provide per-price share counts on request
Negative
- Large disposition line of 508,306 shares is reported in the form and may materially change insider holdings
- Reported sale on 08/14/2025 of 632 shares at $9.5644 represents insider selling activity
Insights
TL;DR: CFO recorded large disposals and routine RSU vesting, with a small open-market sale at ~$9.56.
The Form 4 discloses significant share disposals (a line lists 508,306 shares marked as disposed) alongside scheduled vesting of multiple RSU tranches totaling 56,060 units, including 1,606 that vested on 08/13/2025. A separate transaction on 08/14/2025 shows a sale of 632 shares at a weighted-average price of $9.5644. These entries appear to combine planned vesting and subsequent sell-through activity rather than option exercises; the filer also reorganized previously reported RSUs from Table I to Table II for clarity.
TL;DR: Disclosures reflect standard insider reporting of RSU vesting and a small open-market sale; documentation includes a large disposition line.
The filing provides transparent footnotes about RSU vesting schedules (including specific future vesting dates) and clarifies pricing methodology for the August 14 sale (weighted average of $9.3979–$9.6601). The transfer of previously reported RSUs between tables is administrative. The presence of a large disposed-amount line (508,306 shares) is material to ownership counts and warrants careful record reconciliation by investors and compliance teams.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 632 | $9.5644 | $6K |
| Exercise | Restricted Stock Units | 1,606 | $0.00 | -- |
| Exercise | Common Stock | 1,606 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- This is a weighted average of prices for all sales made on August 14, 2025 ranging from $9.3979 to $9.6601. 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. These RSUs vest on September 12, 2025. These RSUs were previously reported on Form 4, Table 1 as Common Stock with the vesting schedule provided in a footnote and are now being transferred from Table 1 to Table 2 on this Form 4 for ease of form preparation. These RSUs vest in equal installments on August 13, 2025, 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.
