4/A: CleanSpark CEO Zachary Bradford Amends SEC Filing to Correct Stock Reporting Error
SEC Form 4/A Filing
CleanSpark's CEO, Zachary Bradford, filed an amendment to a previous SEC Form 4 to correct an administrative error related to the reporting of restricted stock units.
Summary
- Zachary Bradford, CEO and President of CleanSpark, Inc., filed an amended SEC Form 4 on October 1, 2024, to correct an error in a previous filing from September 13, 2024.
- The amendment addresses the reporting of restricted stock units (RSUs) that were already reflected in a Form 4 filed on September 14, 2022.
- On September 12, 2024, 177,075 shares were withheld by the issuer to cover withholding taxes related to the vesting and settlement of RSUs at a price of $9.25.
- Following the reported transaction, Bradford directly owns 2,618,788 shares of common stock and indirectly owns 323,864 shares through ZRB Holdings Inc. and 12,000 shares through BlueChip Advisors LLC.
- Bradford also directly owns 500,000 shares of Series A Preferred stock.
- 450,000 of the RSUs granted to Bradford will vest on September 12, 2025.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing correcting an administrative error. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to insider transactions and is required by the SEC to ensure transparency in the market. It does not necessarily reflect the company's overall performance or future prospects.
Key Dates
| Date | Description |
|---|---|
| 09/14/2022 | Original Form 4 filed reflecting the grant of shares of restricted stock. |
| 09/12/2024 | Shares withheld by Issuer to cover the payment of withholding taxes in connection with the vesting and settlement of restricted stock units (RSUs). |
| 09/13/2024 | Original Form 4 filed with an administrative error. |
| 10/01/2024 | Date of the amended SEC Form 4 filing. |
| 09/12/2025 | 450,000 RSUs granted to Reporting Person will vest. |
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