Form 4: CleanSpark Director Amanda Cavaleri Reports Gift of Shares

CleanSpark director Amanda Cavaleri reported a gift of 22,222 common stock shares and still holds 153,289 shares.

Summary

• Amanda Cavaleri, a director at CleanSpark, Inc., filed a Form 4 indicating a change in beneficial ownership.
• She gifted 22,222 shares of common stock on December 23, 2024.
• The transaction was a bona fide gift, meaning no compensation was given to the donor.
• Following the transaction, Cavaleri beneficially owns 153,289 shares of CleanSpark common stock.
• This total includes 34,130 Restricted Stock Units (RSUs) granted on October 2, 2024, which vest in equal quarterly installments starting February 13, 2025.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of a stock gift by a director, which is neither positive nor negative for the company's performance. It is a neutral event.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders reporting changes in their beneficial ownership of company stock. It is a routine disclosure and does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The reporting of stock gifts and RSU vesting schedules is typical for directors and officers of public companies.
• There are no unusual aspects to this filing when compared to similar filings from other companies.

Stakeholder Impact

• The stock gift has a minimal impact on shareholders as it is a transfer of existing shares and does not dilute the stock.
• The vesting of RSUs is a standard practice and does not have an immediate impact on stakeholders.

Key Dates

Keywords

CleanSpark, CLSK, Form 4, Beneficial Ownership, Director, Stock Gift, RSU, Amanda Cavaleri