Form 4: CleanSpark Director Thomas Leigh Wood Redeems Series X Preferred Shares

Director Thomas Leigh Wood redeemed 1,000,000 Series X Preferred Shares in CleanSpark for \$1,000 total.

Summary

• On November 5, 2024, Thomas Leigh Wood, a director of CleanSpark, Inc., redeemed 1,000,000 Series X Preferred Shares.
• The shares were redeemed by the issuer at the original issuance price, totaling \$1,000.
• Wood also directly owns 171,180 shares of common stock and indirectly owns 60,196 shares through a spouse.
• Included in the directly owned common stock are 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 standard SEC filing detailing a transaction. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The RSUs will continue to vest quarterly through December 3, 2025, contingent on the Reporting Person's continued service to the Company.

Industry Context

Form 4 filings are standard disclosures for company insiders, providing transparency into their transactions and holdings. This filing indicates a change in the director's holdings of preferred shares.

Stakeholder Impact

• The redemption of preferred shares may have a minor impact on shareholders, depending on the overall capital structure and any associated terms.

Next Steps

• Continued vesting of RSUs on the specified quarterly dates.

Key Dates