Form 4: Amanda Cavaleri, CleanSpark Director, Acquires 34,130 Shares of Common Stock

Director Amanda Cavaleri acquired 34,130 shares of CleanSpark (CLSK) common stock on October 2, 2024, through the grant of Restricted Stock Units (RSUs).

Summary

• On October 2, 2024, Amanda Cavaleri, a director of CleanSpark, Inc. (CLSK), acquired 34,130 shares of common stock.
• The acquisition was made through the grant of Restricted Stock Units (RSUs).
• The RSUs vest in equal quarterly installments starting February 13, 2025, and continuing on May 13, 2025, August 13, 2025, and December 3, 2025.
• Vesting is contingent upon Cavaleri's continued service to the company through each vesting date.
• Following the transaction, Cavaleri beneficially owns 175,511 shares of CleanSpark common stock.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as a director is increasing their stake in the company, which is generally seen as a good sign. However, it's a standard RSU grant, so the impact is limited.

Positives

• The acquisition of shares by a director signals confidence in the company's future.
• The vesting schedule incentivizes the director to remain with the company.

Risks

• If Amanda Cavaleri leaves the company before the vesting dates, she will forfeit the unvested RSUs.

Future Outlook

The vesting of the RSUs is contingent upon the director's continued service to the company.

Industry Context

Insider transactions are closely watched by investors as they can provide insights into management's perspective on the company's prospects. An acquisition of shares by a director is generally viewed positively.

Stakeholder Impact

• Shareholders may view the director's increased stake as a positive signal.
• The vesting schedule incentivizes the director to contribute to the company's success.

Key Dates