Form 4: Cleanspark Director Converts RSUs to Common Stock

Cleanspark Director Roger Paul Beynon converted 7,353 Restricted Stock Units into common stock, increasing his direct beneficial ownership.

Summary

• Roger Paul Beynon, a Director of CLEANSPARK, INC. (CLSK), reported a change in beneficial ownership.
• On December 31, 2025, Mr. Beynon acquired 7,353 shares of Common Stock through the conversion of Restricted Stock Units (RSUs).
• The transaction was made pursuant to a Rule 10b5-1 plan, indicating a pre-arranged purchase or sale plan.
• Following this transaction, Mr. Beynon directly beneficially owns 132,864 shares of Common Stock, up from 125,511 shares.
• The converted RSUs represent 50% of a grant, with the remaining 50% (7,353 RSUs) scheduled to vest on March 31, 2026.

Sentiment

Score: 6

Explanation: The filing reports a routine, pre-planned vesting and conversion of equity compensation for a director, which is generally a neutral to slightly positive event as it increases insider ownership. No new significant positive or negative operational or financial information is disclosed.

Positives

• Director Beynon's increased direct ownership of common stock, from 125,511 to 132,864 shares, further aligns his interests with shareholders.
• The transaction was part of a pre-arranged Rule 10b5-1 plan, indicating planned compensation and vesting, which is a standard and transparent practice.

Future Outlook

The filing indicates a future vesting event for the remaining 7,353 Restricted Stock Units on March 31, 2026, suggesting continued equity compensation for the director.

Industry Context

This is a routine insider transaction filing, common across all industries, reflecting a director's equity compensation vesting and conversion. It does not provide specific industry-related insights.

Stakeholder Impact

• Shareholders: Increased direct ownership by a director may be viewed positively as it aligns management interests with shareholder interests.
• Employees: Reflects standard equity compensation practices for key personnel.

Next Steps

• The remaining 7,353 Restricted Stock Units held by Mr. Beynon are scheduled to vest on March 31, 2026.

Key Dates

Recommendation

This Form 4 filing details a routine, pre-scheduled vesting and conversion of Restricted Stock Units by a director. While it slightly increases insider ownership, which is generally a positive signal, it does not provide new material information about the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The transaction is an expected part of executive compensation.

Keywords

Cleanspark, CLSK, Form 4, Insider Transaction, Beneficial Ownership, Restricted Stock Units, RSU Conversion, Director Stock Ownership, Equity Compensation