Form 4: Cleanspark Director Converts RSUs, Increases Direct Stake

Cleanspark Director Thomas Leigh Wood converted 8,533 vested Restricted Stock Units into common stock on December 3, 2025, increasing his direct ownership.

Summary

• Director Thomas Leigh Wood reported transactions in CLEANSPARK, INC. common stock and Restricted Stock Units (RSUs).
• On December 3, 2025, 8,533 Restricted Stock Units (RSUs) vested and were subsequently converted into 8,533 shares of common stock.
• Following this transaction, Mr. Wood directly holds 126,736 shares of common stock.
• He also indirectly holds 60,196 shares of common stock through his spouse.
• Mr. Wood retains 14,706 Restricted Stock Units, which are scheduled to vest 50% on December 31, 2025, and the remaining 50% on March 31, 2026.

Sentiment

Score: 7

Explanation: The conversion of vested Restricted Stock Units into common stock by a director is generally a neutral to slightly positive event, as it increases the director's direct stake in the company, aligning their interests with shareholders. It's a routine compensation-related transaction rather than a discretionary purchase or sale.

Positives

• Director Thomas Leigh Wood increased his direct beneficial ownership of common stock by 8,533 shares.
• The transaction was an exercise of vested Restricted Stock Units, indicating a conversion of compensation into equity, aligning director interests with shareholders.

Future Outlook

The filing indicates future vesting events for 14,706 Restricted Stock Units, with 50% vesting on December 31, 2025, and the remaining 50% on March 31, 2026, which could lead to further increases in direct common stock holdings upon conversion.

Industry Context

This is a routine insider transaction filing (Form 4) and does not provide broader industry context. It reflects an individual director's equity compensation and ownership changes within Cleanspark, Inc.

Stakeholder Impact

• Shareholders: Increased direct ownership by a director may be viewed positively as it aligns management interests with shareholder value.
• Employees: The RSU vesting and conversion is part of the company's equity compensation plan, which can impact employee retention and motivation.

Next Steps

• 50% of the remaining 14,706 Restricted Stock Units are scheduled to vest on December 31, 2025.
• The final 50% of the remaining 14,706 Restricted Stock Units are scheduled to vest on March 31, 2026.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction involving the conversion of vested Restricted Stock Units into common stock. While it increases the director's direct ownership, which is a positive signal of alignment, it does not represent a discretionary open-market purchase or sale that would significantly alter the investment thesis for Cleanspark. The transaction is expected and part of a pre-planned compensation structure, thus not warranting a change in investment recommendation based solely on this filing.

Keywords

Cleanspark, CLSK, Insider Transaction, Form 4, Director Stock Ownership, Restricted Stock Units, Equity Conversion, Thomas Leigh Wood