Form 4: CleanSpark COO Sells Shares to Cover Tax Obligations After RSU Vesting

CleanSpark's Chief Operating Officer, Scott Eugene Garrison, sold 1,337 shares of common stock on February 14, 2025, to cover tax liabilities related to the vesting of Restricted Stock Units (RSUs).

Summary

• On February 14, 2025, Scott Eugene Garrison, the Chief Operating Officer of CleanSpark, Inc. (CLSK), reported a transaction involving the company's common stock.
• Garrison sold 1,337 shares at a price of $10.6394 per share.
• This sale was to cover the tax liability associated with the vesting and settlement of previously granted Restricted Stock Units (RSUs).
• Following the transaction, Garrison directly owns 196,059 shares of CleanSpark common stock.
• The total holdings include 32,120 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 continued service.
• It also includes RSUs granted on May 7, 2024, of which 33,350 will vest on September 30, 2025, and 33,350 will vest on September 30, 2026.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes and doesn't indicate a change in the executive's overall confidence in the company.

Industry Context

This is a routine Form 4 filing, indicating insider activity related to equity compensation. It's common for executives to sell shares to cover tax obligations when RSUs vest.

Key Dates

Keywords

CleanSpark, CLSK, Scott Eugene Garrison, Form 4, Insider Trading, Restricted Stock Units, RSUs, Tax Liability, Share Sale, COO