CLSK.NASDAQCleanspark, INC

Form 4: CleanSpark Executive Chairman S. Matthew Schultz Reports Stock Transactions

Sentiment:

SEC Form 4

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S. Matthew Schultz, Executive Chairman of CleanSpark, reports acquisition and disposition of common stock, including sales to cover tax liabilities related to RSU vesting.

Summary

  • S. Matthew Schultz, Executive Chairman of CleanSpark, filed a Form 4 detailing changes in beneficial ownership.
  • On February 13, 2025, Schultz acquired 20,524 shares of common stock at $0.
  • On February 14, 2025, Schultz sold 9,010 shares of common stock at $10.6394 per share.
  • Following these transactions, Schultz directly owns 2,450,010 shares of common stock.
  • Schultz also indirectly owns 480,000 shares through the S M Schultz Irrevocable Trust and 40,996 shares through a spouse.
  • Additionally, Schultz directly owns 500,000 shares of Series A Preferred stock.
  • The reported transactions include the vesting of 246,296 RSUs in quarterly installments and 405,000 RSUs vesting on September 12, 2025.
  • The sale of shares on February 14, 2025, was to cover Schultz's tax liability related to the vesting and settlement of RSUs.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.

Key Dates

DateDescription
02/13/2025Acquisition of 20,524 shares of common stock.
02/13/2025Beginning of quarterly vesting of 246,296 RSUs.
02/14/2025Sale of 9,010 shares of common stock to cover tax liability.
05/13/2025Next quarterly vesting date for 246,296 RSUs.
08/13/2025Quarterly vesting date for 246,296 RSUs.
09/12/2025Vesting date for 405,000 RSUs.
12/03/2025Quarterly vesting date for 246,296 RSUs.
02/12/2027Quarterly vesting date for 246,296 RSUs.
05/13/2027Quarterly vesting date for 246,296 RSUs.
08/13/2027Quarterly vesting date for 246,296 RSUs.
12/03/2027Quarterly vesting date for 246,296 RSUs.

Keywords

CleanSpark, CLSK, S. Matthew Schultz, Form 4, Beneficial Ownership, Stock Transactions, RSUs, Executive Chairman

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