Form 4: CleanSpark CFO Exercises RSUs, Adjusts Holdings

CleanSpark's President and CFO, Gary Vecchiarelli, reported the exercise of restricted stock units and subsequent tax-related share withholding.

Summary

• Gary Anthony Vecchiarelli, President and CFO of CleanSpark, Inc. (CLSK), reported transactions involving the company's common stock.
• On September 12, 2025, Mr. Vecchiarelli acquired 40,000 shares of common stock through the exercise of Restricted Stock Units (RSUs) at a price of $0.
• Concurrently, 15,740 shares were disposed of to cover tax liabilities related to the RSU vesting, with no sale occurring.
• Following these transactions, Mr. Vecchiarelli directly beneficially owns 617,995 shares of CleanSpark common stock.
• He also holds several grants of unvested Restricted Stock Units, totaling 1,018,719 units, with various vesting schedules extending through September 2028.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The RSU exercise is a positive sign of value realization and continued insider ownership, while the tax withholding is a routine, non-discretionary event.

Positives

• The exercise of 40,000 Restricted Stock Units indicates a conversion of equity awards into direct share ownership, reflecting a realization of value by the insider.
• The insider continues to hold a significant number of common shares (617,995) and substantial unvested RSUs (1,018,719), aligning his interests with long-term shareholder value.

Negatives

• A disposition of 15,740 shares occurred to cover tax liabilities, which, while not a sale, reduces the direct share count.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The transactions reflect routine executive compensation and insider ownership adjustments, generally viewed as neutral to slightly positive as they align management interests with company performance.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• Remaining 14,454 Restricted Stock Units will vest in equal quarterly installments through December 3, 2027.
• Remaining 429,515 Restricted Stock Units will vest in equal annual installments over three years through September 4, 2028.
• Remaining 417,750 Restricted Stock Units will vest in equal semi-annual installments over three years through September 4, 2028.
• Remaining 557,000 Restricted Stock Units will vest in equal annual installments over three years through September 4, 2028.

Key Dates

Keywords

CleanSpark, CLSK, SEC Form 4, Insider Trading, Restricted Stock Units, RSU Exercise, Executive Compensation, Gary Vecchiarelli, Beneficial Ownership