Form 4: CleanSpark Director Larry McNeill Reports Acquisition of 34,130 Shares of Common Stock

Director Larry McNeill reports acquiring 34,130 shares of CleanSpark common stock on October 2, 2024, through the grant of Restricted Stock Units (RSUs).

Summary

• On October 2, 2024, Larry McNeill, a director of CleanSpark, Inc., acquired 34,130 shares of common stock.
• This acquisition was through the grant of Restricted Stock Units (RSUs).
• The RSUs vest in equal quarterly installments starting February 13, 2025, and continuing on May 13, 2025, August 13, 2025, and December 3, 2025.
• Vesting is contingent upon McNeill's continued service to the company through each vesting date.
• Following the transaction, McNeill directly owns 283,767 shares of CleanSpark common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock acquisition by a director, which can be seen as a slightly positive sign of confidence but doesn't provide strong positive or negative signals.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Future Outlook

The vesting of the RSUs is contingent upon the officer's continued service to the Company through each vesting date.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment due to the director increasing their stake in the company.

Key Dates