Form 4: CleanSpark Director Thomas Leigh Wood Reports Sale of Common Stock and Ownership of Series X Preferred Stock

Director Thomas Leigh Wood reported selling 22,222 shares of CleanSpark (CLSK) common stock at an average price of $9.24 and disclosed ownership of 1,000,000 shares of Series X Preferred Stock.

Summary

• On September 12, 2024, Thomas Leigh Wood, a director of CleanSpark, Inc. (CLSK), reported a transaction involving the company's securities.
• Wood sold 22,222 shares of common stock at a weighted average price of $9.24 per share.
• Following the transaction, Wood directly owns 137,050 shares of common stock.
• Wood also indirectly owns 60,196 shares of common stock through a spouse.
• Wood owns 1,000,000 shares of Series X Preferred Stock, which carry 1,000 votes per share and are subject to redemption.
• The Series X Preferred Stock votes are mirrored to the votes of the common stock and Series A Preferred Stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity. The sale of shares could be interpreted negatively, but without further context, it's difficult to assess the overall impact.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This allows investors to monitor the actions of those with privileged information.

Stakeholder Impact

• Shareholders may react to the director's sale of common stock, potentially influencing the stock price.

Key Dates