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

Rhea-AI Filing Summary

Amanda Cavaleri, a director of CleanSpark, Inc. (CLSK), reported changes in her beneficial ownership on a Form 4 filed in connection with transactions dated 08/13/2025. The filing shows a disposition of 123,224 shares of Common Stock and an acquisition coded M of 8,532 shares at a $0 price (reflecting RSU settlement). After the reported transactions, the filing shows 131,756 shares of Common Stock beneficially owned.

The filing also reports restricted stock units (RSUs) totaling 17,065 RSUs, with a note that those RSUs vest 50% on August 13, 2025 and 50% on December 3, 2025. A subset of 8,532 RSUs is shown as acquired/settled on 08/13/2025. The form is signed and dated 08/14/2025.

Positive

• Disclosure was made promptly with signature dated 08/14/2025, showing compliance with Section 16 reporting
• RSU vesting schedule disclosed (50% on 08/13/2025 and 50% on 12/03/2025) providing clarity on future equity unlocks

Negative

• Large disposition of 123,224 common shares reported, which materially reduces insider's share holdings
• No consideration amount disclosed for the large disposition within the form text provided

Insights

Securities Analyst

TL;DR: Director reported a large sale plus RSU settlement; ownership remains material but mixed.

The Form 4 discloses a significant disposition of 123,224 common shares and the settlement/transfer of 8,532 RSUs on 08/13/2025, leaving the reporting person with 131,756 common shares beneficially owned. The filing explicitly states the RSU vesting schedule (50% on 08/13/2025 and 50% on 12/03/2025). From a market perspective, large insider dispositions are notable because they change insider ownership levels; however, the document contains no additional context about consideration received for the large disposition or the rationale for the sale, and no forward-looking commentary is included.

Corporate Governance Expert

TL;DR: Disclosure is timely and includes vesting details; no governance actions or plans are reported.

The filing is a routine Section 16 disclosure that documents both a sale and RSU movements. It clearly identifies the reporting person as a director and provides explicit vesting dates and quantities for RSUs. There is no indication in the filing of a 10b5-1 plan or other contractual trading instructions, although the form includes the checkbox language; no additional governance events or amendments are reported.

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^*

Cavaleri Amanda

(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								123,224	D
Common Stock	08/13/2025		M		8,532	A	$0	131,756	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							(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/ Amanda Cavaleri	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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