Form 4: CleanSpark Director Larry McNeill Acquires 5,000 Shares, Disposes of 500,000 Preferred Shares

CleanSpark director Larry McNeill acquired 5,000 common shares and disposed of 500,000 Series A preferred shares on December 20, 2024.

Summary

• On December 20, 2024, Larry McNeill, a director at CleanSpark, Inc., engaged in transactions involving the company's stock.
• Mr. McNeill acquired 5,000 shares of common stock at a price of $11.13 per share.
• He also disposed of 500,000 shares of Series A preferred stock.
• Following these transactions, Mr. McNeill's total holdings include 288,767 common shares, which includes 34,130 restricted stock units (RSUs) granted on October 2, 2024.
• These RSUs vest in equal quarterly installments starting February 13, 2025, and continuing through December 3, 2025, contingent on his continued service to the company.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions by a company director, with no inherent positive or negative sentiment.

Future Outlook

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

Industry Context

This is a standard SEC Form 4 filing, which is common for company insiders reporting transactions in their company's stock. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider trading.
• The transactions reported are typical for directors who may receive stock options or restricted stock units as part of their compensation.
• The reporting requirements are consistent across all companies listed on US stock exchanges.

Stakeholder Impact

• The transactions may provide some insight to shareholders into the actions of a company director.
• The disposal of preferred shares and acquisition of common shares could be seen as a positive sign by some investors.

Key Dates

Keywords

CleanSpark, CLSK, Larry McNeill, stock transaction, Form 4, insider trading, common stock, preferred stock, RSU, director