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

Securities Analyst

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.

Corporate Governance Expert

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.

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

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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^*

Vecchiarelli Gary Anthony

(Last) (First) (Middle)

10624 S. EASTERN AVE.

SUITE A-638

(Street)

HENDERSON NV 89052

(City) (State) (Zip)

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)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2025

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

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

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

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								508,306	D
Common Stock	08/13/2025		M		1,606	A	$0	509,912	D
Common Stock	08/14/2025		F		632	D	$9.5644(1)	509,280	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
Restricted Stock Units	$0							(2)	(2)	Common Stock	40,000		40,000(3)	D
Restricted Stock Units	$0							(4)	(4)	Common Stock	16,060		16,060(3)	D
Restricted Stock Units	$0	08/13/2025		M			1,606	08/13/2025	(4)	Common Stock	1,606	$0	14,454	D

Explanation of Responses:

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.

2. These RSUs vest on September 12, 2025.

3. 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.

4. 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.

	/s/ Gary A. Vecchiarelli	08/14/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What transactions did CleanSpark CFO Gary Vecchiarelli report on Form 4?

He reported RSU vesting, a sale of 632 shares on 08/14/2025 at a weighted-average price of $9.5644, and a large disposition line showing 508,306 shares disposed.

How many restricted stock units (RSUs) does the filing show for Gary Vecchiarelli?

The filing shows 40,000 RSUs and 16,060 RSUs recorded, with 1,606 RSUs vesting on 08/13/2025 and additional vesting dates disclosed in footnotes.

What was the reported beneficial ownership after the transactions?

The reporting person beneficially owned 509,280 shares following the reported transactions.

What price range was used to calculate the weighted-average sale price on 08/14/2025?

The weighted-average price was based on sales ranging from $9.3979 to $9.6601; the filer will provide per-price share counts upon request.

Are the RSU vesting dates disclosed in the Form 4?

Yes; footnotes list specific vesting dates including September 12, 2025 and multiple dates through December 3, 2027.