Form 4: CleanSpark CFO Sells Shares to Cover Tax Obligations After RSU Vesting
SEC Form 4
Gary Vecchiarelli, CFO of CleanSpark, sold 632 shares of common stock on May 15, 2025, to cover tax liabilities related to the vesting of Restricted Stock Units (RSUs).
Summary
- Gary Vecchiarelli, the Chief Financial Officer of CleanSpark, Inc. (CLSK), reported a transaction involving the sale of company stock on May 15, 2025.
- Vecchiarelli sold 632 shares of common stock at a weighted average price of $9.2058 per share, with prices ranging from $9.0101 to $9.3701.
- The sale was executed to cover the reporting person's tax liability in connection with the vesting of RSUs.
- Following the transaction, Vecchiarelli beneficially owns 564,366 shares of CleanSpark, Inc.
- This total includes 19,272 RSUs vesting in twelve equal quarterly installments beginning on February 13, 2025, and continuing quarterly thereafter on May 13, 2025, August 13, 2025, December 3, 2025, February 13, 2026, May 13, 2026, August 13, 2026, December 3, 2026, February 12, 2027, May 13, 2027, August 13, 2027 and December 3, 2027, subject to the Reporting Person's continued service to the Company through each vesting date, and further includes 40,000 RSUs which vest on September 12, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The sale of shares by the CFO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 02/13/2025 | Start date for quarterly vesting of 19,272 RSUs. |
| 05/13/2025 | Quarterly vesting date for 19,272 RSUs. |
| 05/15/2025 | Date of stock sale by CFO Gary Vecchiarelli. |
| 08/13/2025 | Quarterly vesting date for 19,272 RSUs. |
| 09/12/2025 | Vesting date for 40,000 RSUs. |
| 12/03/2025 | Quarterly vesting date for 19,272 RSUs. |
| 02/13/2026 | Quarterly vesting date for 19,272 RSUs. |
| 05/13/2026 | Quarterly vesting date for 19,272 RSUs. |
| 08/13/2026 | Quarterly vesting date for 19,272 RSUs. |
| 12/03/2026 | Quarterly vesting date for 19,272 RSUs. |
| 02/12/2027 | Quarterly vesting date for 19,272 RSUs. |
| 05/13/2027 | Quarterly vesting date for 19,272 RSUs. |
| 08/13/2027 | Quarterly vesting date for 19,272 RSUs. |
| 12/03/2027 | Quarterly vesting date for 19,272 RSUs. |
Keywords
CleanSpark, CLSK, CFO, Gary Vecchiarelli, Form 4, Stock Sale, RSU Vesting, Beneficial Ownership, Tax Liability
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