CLSK.NASDAQCleanspark, INC

Form 4: CleanSpark COO Sells Shares to Cover Tax Obligations

Sentiment:

SEC Form 4 Filing

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CleanSpark's Chief Operating Officer, Scott Eugene Garrison, sold shares to cover withholding taxes related to the vesting of restricted stock units.

Summary

  • On September 30, 2024, CleanSpark's COO, Scott Eugene Garrison, disposed of 15,019 shares of common stock to cover withholding taxes.
  • The shares were sold at a price of $9.34 per share.
  • Following the transaction, Garrison directly owns 153,520 shares of CleanSpark.
  • This total includes RSUs granted on May 7, 2024, with 33,350 vesting on September 30, 2025, and another 33,350 vesting on September 30, 2026.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations, which is a common practice among executives.

Industry Context

This is a routine transaction where company executives sell shares to cover tax obligations arising from the vesting of stock awards. It's a common practice and doesn't necessarily indicate a negative outlook on the company.

Stakeholder Impact

  • The sale of shares by an executive could have a minor, temporary impact on shareholder sentiment.

Key Dates

DateDescription
May 7, 2024Date of RSU grant to Scott Eugene Garrison.
September 30, 2024Date of share disposal by Scott Eugene Garrison to cover tax obligations.
September 30, 2025Vesting date for 33,350 RSUs granted to Scott Eugene Garrison.
September 30, 2026Vesting date for 33,350 RSUs granted to Scott Eugene Garrison.
October 01, 2024Date of signature on the Form 4 filing.

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