4/A: CleanSpark CFO Gary Vecchiarelli Amends SEC Filing to Correct Stock Ownership Reporting
SEC Filing Amendment
Gary Vecchiarelli, CFO of CleanSpark, Inc., amended a previous SEC filing to correct an administrative error related to the reporting of restricted stock units.
Summary
- Gary Vecchiarelli, the Chief Financial Officer of CleanSpark, Inc., filed an amendment to a Form 4 with the Securities and Exchange Commission on October 1, 2024.
- The amendment corrects an error in the original Form 4 filed on September 13, 2024, regarding the reporting of restricted stock units (RSUs).
- On September 12, 2024, 15,740 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, Vecchiarelli beneficially owns 578,651 shares of common stock.
- This total includes RSUs, with 40,000 of those RSUs scheduled to vest on September 12, 2025.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Future Outlook
The document indicates that 40,000 RSUs will vest on September 12, 2025, suggesting continued equity-based compensation for the CFO.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The correction of the filing ensures accurate information is available to shareholders and potential investors.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of the transaction involving the withholding of shares for tax purposes related to RSU vesting. |
| 09/13/2024 | Date of the original Form 4 filing that contained an administrative error. |
| 09/12/2025 | Date on which 40,000 restricted stock units will vest. |
| 10/01/2024 | Date of the amended Form 4/A filing. |
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