CLSKW Insider Filing: RSU Vesting and Small Sale by COO Scott Garrison
Rhea-AI Filing Summary
Scott E. Garrison, Chief Operating Officer and Director of CleanSpark, Inc. (CLSK), filed a Form 4 reporting equity changes on August 13-14, 2025. The filing shows a deemed acquisition on 08/13/2025 of 2,677 common shares at $0 (transaction code M) and a sale on 08/14/2025 of 1,192 common shares at a weighted-average price of $9.5644. The form also reports outstanding derivative and restricted equity: employee stock options covering 20,139 and 45,000 underlying shares (exercise prices $6 and $15.69) and multiple restricted stock unit grants totaling reported awards of 66,700, 26,767, and an additional 2,677 RSU tranche with specified vesting schedules. The filer provided a footnote clarifying the weighted-average sale price range and vesting dates for RSUs.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider sold a small number of shares while sizeable vested and unvested awards remain, indicating partial liquidity without major divestment.
The reported sale of 1,192 shares at a weighted-average $9.5644 on 08/14/2025 is explicitly disclosed and represents a modest disposition relative to the number of underlying awards and options held by the reporting person. Multiple option series (20,139 and 45,000 underlying shares) and large RSU grants (66,700; 26,767; 2,677) remain outstanding with stated vesting schedules, signaling continued alignment with the company via equity compensation. The filing is routine, timely, and provides the weighted-price range for the sale per the explanatory footnote.
TL;DR: Form 4 shows standard executive equity activity with disclosed vesting schedules and a limited open-market sale; governance disclosure appears compliant.
The Form 4 includes clear identification of the reporting person, roles (COO and Director), and transaction codes including a Rule 10b5-1 related designation (code M) for the 08/13/2025 acquisition of 2,677 shares at $0. Vesting schedules for RSUs are provided in the footnotes and previously reported awards are reclassified between tables for clarity. There are no governance red flags or undisclosed material items in the filing content provided.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,192 | $9.5644 | $11K |
| Exercise | Restricted Stock Units | 2,677 | $0.00 | -- |
| Exercise | Common Stock | 2,677 | $0.00 | -- |
| holding | Employee Stock Options (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Options (Right to Buy) | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| 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 50% on September 30, 2025 and 50% on September 30, 2026. 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.
