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

Rhea-AI Filing Summary

Taylor Monnig, CTO and COO of CleanSpark, Inc. (CLSK), filed a Form 4 reporting changes in beneficial ownership. The filing shows a disposition of 129,313 shares of Common Stock on 09/04/2025. It also discloses derivative holdings: employee stock options to buy 15,000 shares at $5.98 (exp. 08/10/2032) and 25,000 shares at $6.00 (exp. 07/06/2033). Multiple restricted stock unit (RSU) awards are reported, including vested or newly acquired RSUs totaling 1,585, -476 (see tables) with specified vesting schedules between 2025 and 2028. The Form is signed by Taylor Monnig on 09/08/2025.

Positive

• Detailed vesting schedules disclosed for RSUs and options through 2028, enabling clear modeling of future share issuance
• Officer retained meaningful long-term equity positions via RSUs and options, aligning compensation with multi-year performance

Negative

• Reported disposition of 129,313 common shares on 09/04/2025, which reduces the reporting person's direct holdings
• Potential future dilution from sizable RSU grants and outstanding options that vest/exercise through 2028

Insights

Financial Analyst

TL;DR: Insider reported a sizable sale and material equity compensation with multi-year vesting schedules.

The reported disposition of 129,313 common shares is the most immediately material action for investors, as it reduces the reporting persons direct share count. Concurrently, the filing details substantial equity compensation positions: two option grants (15,000 and 25,000 shares) and multiple RSU allocations that vest through 2028. These derivative holdings represent future potential dilution when exercised or vested, but the filing provides explicit vesting timelines and exercise prices, allowing precise modeling of potential share count changes. No forward-looking statements or transaction prices for the disposition are provided.

Corporate Governance Expert

TL;DR: Transaction shows routine insider compensation and a reported sale; disclosures follow Section 16 reporting norms.

The Form 4 lists the reporting person as an officer (CTO, COO) and properly itemizes both non-derivative and derivative changes. The mix of a reported disposal and multiple RSU grants with staggered vesting is consistent with standard executive compensation practices. The document includes grant dates, exercise prices for options, and detailed vesting schedules, which support governance transparency. There is no indication in the filing of any related-party transactions or exceptions to Section 16 reporting requirements.

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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hours per response:			0.5

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^*

Monnig Taylor

(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)
	CTO, COO

3. Date of Earliest Transaction (Month/Day/Year)
09/04/2025

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								129,313	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
Employee Stock Options (Right to Buy)	$5.98							(1)	08/10/2032	Common Stock	15,000		15,000	D
Employee Stock Options (Right to Buy)	$6							(2)	07/06/2033	Common Stock	25,000		25,000	D
Restricted Stock Units	$0							(3)	(3)	Common Stock	66,700		66,700	D
Restricted Stock Units	$0							(4)	(4)	Common Stock	4,818		4,818	D
Restricted Stock Units	$0	09/04/2025		A		396,476		(5)	(5)	Common Stock	396,476	$0	396,476	D
Restricted Stock Units	$0	09/04/2025		A		361,000		(6)	(6)	Common Stock	361,000	$0	361,000	D
Restricted Stock Units	$0	09/04/2025		A		361,000		(5)	(5)	Common Stock	361,000	$0	361,000	D

Explanation of Responses:

1. These Options were granted on August 10, 2022 and vest in equal annual installments over three years.

2. These Options were granted on July 7, 2023 and vest in equal monthly installments over 36 months.

3. These RSUs vest 50% on September 30, 2025 and 50% on September 30, 2026.

4. These RSUs vest in equal quarterly installments on 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.

5. These RSUs vest in equal annual installments over three years on September 4, 2026, September 4, 2027, and September 4, 2028.

6. These RSUs vest 25% on September 9, 2025; the remaining 75% vests in equal semiannual installments over three years on February 13, 2026, September 4, 2026, February 13, 2027, September 4, 2027, February 13, 2028, and September 4, 2028.

	/s/ Taylor Monnig	09/08/2025
	** 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.
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FAQ

What did Taylor Monnig report on the Form 4 for CleanSpark (CLSK)?

The filing reports a disposition of 129,313 common shares, employee stock options for 15,000 and 25,000 shares, and multiple RSU awards with vesting schedules through 2028.

How many stock options does the reporting person hold and at what prices?

The Form 4 lists options for 15,000 shares at $5.98 (expiring 08/10/2032) and 25,000 shares at $6.00 (expiring 07/06/2033).

Were there any RSUs acquired or vested according to the filing?

Yes. The filing discloses multiple RSU awards, including items showing acquisition on 09/04/2025 for 396,476, 361,000, and additional RSUs, with specific vesting dates from 2025 through 2028.

Does the Form 4 state the price of the disposed 129,313 shares?

No. The filing lists the disposition of 129,313 shares but does not provide a sale price for that transaction.

Is Taylor Monnig an insider and what are their roles at CleanSpark?

Yes. The filer is identified as an insider serving as CTO and COO and the Form 4 is filed by one reporting person.