[Form 4] CleanSpark, Inc. Warrant Insider Trading Activity

Rhea-AI Filing Summary

Thomas L. Wood, a director of CleanSpark, Inc. (CLSK), reported multiple changes in his beneficial ownership on Form 4. The filing shows a disposition of 109,671 shares of Common Stock and an acquisition of 8,532 shares through restricted stock units (RSUs) on 08/13/2025 at a reported price of $0, reflecting vesting rather than a cash purchase. After these transactions, Mr. Wood beneficially owns 118,203 shares directly, and 60,196 shares indirectly through his spouse. The RSUs vest 50% on August 13, 2025 and 50% on December 3, 2025; 17,065 RSU-derived shares are shown in Table II and 8,532 RSUs are noted as acquired on 08/13/2025. The form is signed 08/14/2025.

Positive

• 8,532 shares acquired via RSU vesting at $0, indicating compensation rather than a cash outlay
• Clear disclosure of RSU vesting schedule: 50% on 08/13/2025 and 50% on 12/03/2025

Negative

• Disposition of 109,671 shares reported on 08/13/2025, materially reducing direct holdings
• No explanation provided in the form for the large disposition, limiting investor insight into intent

Insights

Securities Analyst

TL;DR: Routine director vesting and a large reported disposition; mixed signal but appears primarily administrative and compensation-related.

The reported disposition of 109,671 shares is sizable in absolute terms and reduces the director's direct stake, while the simultaneous recording of RSU vesting at $0 indicates compensation-related issuance rather than market purchases. The filing also discloses 60,196 shares held indirectly by spouse, which is material to aggregate familial ownership. No option exercises or cash purchases are reported. For investors, this Form 4 documents insider ownership shifts but does not state the reason for the large disposition, limiting conclusions about intent.

Corporate Governance Expert

TL;DR: Governance-wise this is a standard disclosure of RSU vesting and a major sale; it raises governance questions only if pattern persists.

The submission properly moves previously-reported RSUs from Table I to Table II for clarity and discloses vesting schedule: 50% on 08/13/2025 and 50% on 12/03/2025. The $0 price for RSU conversions confirms these are compensation vesting events. The large listed disposition should be monitored alongside other filings to determine whether it reflects diversification, tax planning, or other motives. As a one-off Form 4, it is a routine compliance filing with limited immediate governance impact.

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
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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^*

Wood Thomas Leigh

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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								109,671	D
Common Stock	08/13/2025		M		8,532	A	$0	118,203	D
Common Stock								60,196	I	By Spouse

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							(1)	(1)	Common Stock	17,065		17,065(2)	D
Restricted Stock Units	$0	08/13/2025		M			8,532	08/13/2025	(1)	Common Stock	8,532	$0	8,533	D

Explanation of Responses:

1. These RSUs vest 50% on August 13, 2025 and 50% on December 3, 2025

2. 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.

	/s/ Thomas L. Wood	08/14/2025
	** 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.

FAQ

What transactions did Thomas L. Wood report for CleanSpark (CLSK)?

The Form 4 reports a disposition of 109,671 shares and an acquisition of 8,532 shares via RSU vesting on 08/13/2025.

How many CleanSpark shares does Mr. Wood beneficially own after the transactions?

After the reported transactions Mr. Wood beneficially owns 118,203 shares directly and 60,196 shares indirectly through his spouse.

Were any shares acquired by Mr. Wood by purchase?

No cash purchases are reported; the acquired shares are from RSU vesting at a reported price of $0.

What is the RSU vesting schedule disclosed in the filing?

The RSUs vest 50% on August 13, 2025 and 50% on December 3, 2025.

Does the Form 4 explain why 109,671 shares were disposed?

The filing does not provide an explanation for the 109,671-share disposition.