Form 4: CleanSpark Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Taylor Monnig, Chief Technology Officer of CleanSpark, sold shares to cover withholding taxes related to the vesting of restricted stock units.
Summary
- On September 30, 2024, Taylor Monnig, the Chief Technology Officer of CleanSpark, sold 13,104 shares of common stock to cover withholding taxes.
- The sale price was $9.34 per share.
- Following the transaction, Monnig directly owns 196,548 shares of CleanSpark.
- This total includes restricted stock units (RSUs) granted on May 7, 2024, which will vest in two tranches: 33,350 on September 30, 2025, and 33,350 on September 30, 2026.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling shares to cover taxes is a normal occurrence and doesn't necessarily reflect a positive or negative outlook on the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a sale of shares to cover tax obligations, which is a common practice.
Stakeholder Impact
- The sale of shares by an executive could have a minor, temporary impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/07/2024 | Date of RSU grant to Taylor Monnig. |
| 09/30/2024 | Date of stock sale to cover withholding taxes. |
| 09/30/2025 | Vesting date for 33,350 RSUs. |
| 09/30/2026 | Vesting date for 33,350 RSUs. |
| 10/01/2024 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.