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

S. Matthew Schultz, Executive Chairman of CleanSpark, reports the acquisition and disposal of common stock and restricted stock units.

Summary

• On September 12, 2024, S. Matthew Schultz, the Executive Chairman of CleanSpark, Inc., reported transactions involving the company's stock.
• Schultz acquired 405,000 shares of common stock upon the vesting of restricted stock units (RSUs) at a price of $0.
• He also disposed of 178,201 shares to cover withholding taxes at a price of $9.25 per share.
• Following these transactions, Schultz directly owns 2,525,774 shares of common stock.
• He indirectly owns 480,000 shares through the S M Schultz Irrevocable Trust and 40,996 shares through his spouse.
• He also directly owns 500,000 shares of Series A Preferred stock and 405,000 restricted stock units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock transactions related to RSU vesting and tax obligations, without indicating any positive or negative outlook.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors monitor these filings to gain insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the number of shares held by a key executive.

Key Dates