Form 4: CleanSpark CEO Zachary Bradford Reports Stock Transactions
SEC Form 4
CleanSpark's CEO, Zachary Bradford, reports acquisition and disposal of company stock, including shares acquired through RSU vesting and shares sold to cover tax liabilities.
Summary
- Zachary Bradford, CEO and President of CleanSpark, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On February 13, 2025, Bradford acquired 26,767 shares of common stock at $0.
- On February 14, 2025, Bradford sold 10,533 shares at $10.6394 per share.
- Following these transactions, Bradford directly owns 3,059,326 shares of common stock and indirectly owns 323,864 shares through ZRB Holdings Inc.
- Bradford also owns 500,000 shares of Series A Preferred stock.
- The reported transactions include the vesting of 321,199 RSUs in quarterly installments and 450,000 RSUs vesting on September 12, 2025.
- The sale of shares on February 14, 2025, was to cover Bradford's tax liability related to the vesting of RSUs.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports stock transactions by an insider, which is a routine occurrence. There is no indication of positive or negative sentiment towards the company's prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, allowing investors to track management's sentiment and alignment with company performance.
Stakeholder Impact
- Shareholders can use this information to understand the CEO's trading activity and potential alignment with company performance.
Key Dates
| Date | Description |
|---|---|
| 02/13/2025 | Acquisition of 26,767 shares of common stock. |
| 02/13/2025 | First vesting date for 321,199 RSUs in twelve equal quarterly installments. |
| 02/14/2025 | Sale of 10,533 shares of common stock. |
| 05/13/2025 | Second vesting date for 321,199 RSUs in twelve equal quarterly installments. |
| 08/13/2025 | Third vesting date for 321,199 RSUs in twelve equal quarterly installments. |
| 09/12/2025 | Vesting date for 450,000 RSUs. |
| 12/03/2025 | Fourth vesting date for 321,199 RSUs in twelve equal quarterly installments. |
| 02/13/2026 | Fifth vesting date for 321,199 RSUs in twelve equal quarterly installments. |
| 05/13/2026 | Sixth vesting date for 321,199 RSUs in twelve equal quarterly installments. |
| 08/13/2026 | Seventh vesting date for 321,199 RSUs in twelve equal quarterly installments. |
| 12/03/2026 | Eighth vesting date for 321,199 RSUs in twelve equal quarterly installments. |
| 02/12/2027 | Ninth vesting date for 321,199 RSUs in twelve equal quarterly installments. |
| 05/13/2027 | Tenth vesting date for 321,199 RSUs in twelve equal quarterly installments. |
| 08/13/2027 | Eleventh vesting date for 321,199 RSUs in twelve equal quarterly installments. |
| 12/03/2027 | Twelfth vesting date for 321,199 RSUs in twelve equal quarterly installments. |
Keywords
CleanSpark, CLSK, Zachary Bradford, Form 4, Beneficial Ownership, Stock Transactions, RSU Vesting, Insider Trading
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