Form 4: CleanSpark Director Acquires 1,000,000 Series X Preferred Shares

Thomas Leigh Wood, a director of CleanSpark, Inc., acquired 1,000,000 shares of Series X Preferred Stock on August 30, 2024.

Summary

• On August 30, 2024, Thomas Leigh Wood, a director of CleanSpark, Inc., acquired 1,000,000 shares of Series X Preferred Stock.
• The acquisition price was $0.001 per share.
• Wood directly owns 159,272 shares of common stock.
• Wood indirectly owns 60,196 shares of common stock through a spouse.
• The Series X Preferred Stock provides the holder with 1,000 votes per share, mirroring the proportion of votes cast by common and Series A preferred stockholders.
• The Series X Preferred Stock is subject to redemption after the vote or as determined by the Board at the original price.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. The acquisition of shares by a director could be seen as a positive sign, but without further context, it's difficult to assess the overall impact.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing reflects an insider transaction, which is common and closely monitored by investors for insights into management's confidence in the company's prospects. The acquisition of preferred stock with specific voting rights could indicate strategic considerations related to corporate governance or upcoming shareholder votes.

Stakeholder Impact

• The acquisition of a large block of voting shares by a director could influence future shareholder votes.
• The transaction may signal confidence from a company insider, potentially impacting investor sentiment.

Key Dates