Form 4: CleanSpark Executive Taylor Monnig Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
CleanSpark's Chief Technology Officer, Taylor Monnig, sold 1,350 shares of common stock at a weighted average price of $11.88, according to a Form 4 filing with the SEC.
Summary
- Taylor Monnig, Chief Technology Officer of CleanSpark, Inc., sold 1,350 shares of the company's common stock on October 25, 2024.
- The sale was executed at a weighted average price of $11.88 per share.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on December 21, 2023.
- Following the transaction, Monnig directly owns 204,220 shares of CleanSpark.
- This total includes 6,424 RSUs vesting in twelve equal quarterly installments beginning on February 13, 2025 and continuing quarterly thereafter on May 13, 2025, August 13, 2025, December 3, 2025, February 13, 2026, May 13, 2026, August 13, 2026, December 3, 2026, February 12, 2027, May 13, 2027, August 13, 2027 and December 3, 2027, and further includes RSUs granted on May 7, 2024 of which 33,350 will vest on September 30, 2025 and 33,350 will vest on September 30, 2026, all subject to the officer's continued service to the Company through each vesting date.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine stock sale by an executive under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment towards the company's performance.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 2023-12-21 | Date of adoption of Rule 10b5-1 trading plan. |
| 2024-05-07 | Date of RSU grant. |
| 2024-10-25 | Date of stock sale. |
| 2025-02-13 | First vesting date of 6,424 RSUs. |
| 2025-05-13 | Second vesting date of 6,424 RSUs. |
| 2025-08-13 | Third vesting date of 6,424 RSUs. |
| 2025-09-30 | Vesting date of 33,350 RSUs. |
| 2025-12-03 | Fourth vesting date of 6,424 RSUs. |
| 2026-02-13 | Fifth vesting date of 6,424 RSUs. |
| 2026-05-13 | Sixth vesting date of 6,424 RSUs. |
| 2026-08-13 | Seventh vesting date of 6,424 RSUs. |
| 2026-09-30 | Vesting date of 33,350 RSUs. |
| 2026-12-03 | Eighth vesting date of 6,424 RSUs. |
| 2027-02-12 | Ninth vesting date of 6,424 RSUs. |
| 2027-05-13 | Tenth vesting date of 6,424 RSUs. |
| 2027-08-13 | Eleventh vesting date of 6,424 RSUs. |
| 2027-12-03 | Twelfth vesting date of 6,424 RSUs. |
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