Form 4: CLSK Insider Sale at $9.56 and RSU Vesting Through 2027
Rhea-AI Filing Summary
Taylor Monnig, Chief Technology Officer of CleanSpark, Inc. (ticker: CLSK), reported a series of equity transactions on Form 4. The filing shows a sale of 128,989 shares of Common Stock (disposed) and a subsequent reported sale of 211 shares on 08/14/2025 at a weighted average price of $9.5644. The filing also records transfers and vesting activity of restricted stock units (RSUs): 66,700 RSUs and 5,353 RSUs held as derivative securities, plus an RSU vesting event of 535 shares with multiple future vesting installments. The RSU schedules include 50% vesting for one award on 09/30/2025 and 09/30/2026, and a series of installment vesting dates through 12/03/2027. The reporting person beneficially owned approximately 129,313 shares following the reported transactions.
Positive
- None.
Negative
- Insider disposed of 128,989 shares, indicating a significant sale reported on Form 4 without contextual percentage of total holdings
- Additional sale of 211 shares at a weighted average price of $9.5644 on 08/14/2025, representing realized insider selling activity
Insights
TL;DR: Insider reported share disposals and scheduled RSU vesting; transaction prices are disclosed but no cash/percentage context for materiality is provided.
The Form 4 discloses multiple non-derivative disposals and RSU-related transfers for the CTO. Key facts are explicit: a large listed disposal of 128,989 shares and a reported sale of 211 shares at a weighted average price of $9.5644 on 08/14/2025. The filing also clarifies RSU vesting schedules through 2027, including a 50%/50% vesting pattern for one grant. From a securities-transaction perspective, the form is complete: it states transaction codes, post-transaction beneficial ownership (about 129,313 shares), and provides the sale price range used to calculate the weighted average. The filing does not provide information about holdings as a percentage of outstanding shares or the issuer’s market capitalization, so materiality to investors cannot be quantified from this form alone.
TL;DR: The filing documents routine insider sales and RSU vesting mechanics; disclosures meet Section 16 requirements but lack context on intent.
The Form 4 fulfills disclosure obligations by reporting the officer’s dispositions and the detailed vesting timetable for multiple RSU grants. The explanation includes the weighted average sale price for shares sold on 08/14/2025 and explicit vesting dates for future installments through 12/03/2027. This level of specificity supports transparency around executive compensation realizations. The filing does not indicate a 10b5-1 plan or other intent-based classification beyond the transaction codes shown, so governance interpretation must rely solely on the stated dates and codes. Absent additional corporate disclosures, this appears to be a standard insider liquidity/compensation event rather than a governance exception or compliance issue.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 211 | $9.5644 | $2K |
| Exercise | Restricted Stock Units | 535 | $0.00 | -- |
| Exercise | Common Stock | 535 | $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 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.
