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CLEANSPARK, INC.·4

Mar 24, 8:16 PM ET

Monnig Taylor 4

4 · CLEANSPARK, INC. · Filed Mar 24, 2026

Research Summary

AI-generated summary of this filing

Updated

CleanSpark (CLSK) CTO Monnig Taylor Receives Stock Awards

What Happened

  • Monnig Taylor, CleanSpark's Chief Technology Officer and Chief Operating Officer, was granted three derivative awards on March 20, 2026 totaling 1,320,500 share-equivalents (280,000; 210,000; and 830,500). Each grant is reported at $0.00 per share (award/derivative grants), meaning these are compensation awards (options/RSUs/LTIP/STPA) subject to vesting and performance conditions rather than open‑market purchases.

Key Details

  • Transaction date: March 20, 2026; Form 4 filed March 24, 2026 (filing appears timely).
  • Reported price: $0.00 per share (award/grant, transaction code A).
  • Total awarded: 1,320,500 share-equivalents (280,000 + 210,000 + 830,500).
  • Shares owned after transaction: Not provided in the supplied extract — see the full Form 4 for total beneficial ownership.
  • Notable vesting/performance terms (from footnotes):
    • Some awards are stock options that vest over time (e.g., equal annual installments over 3 years; monthly installments over 36 months).
    • Several awards are restricted stock units (RSUs) with time-based vesting dates through 2029.
    • Certain awards are performance‑contingent (LTIP/STPA): vesting may depend on stock price targets (e.g., $18.80 average by 3/20/2027; STPA targets $47–$94 before 9/30/2030) and operational metrics tied to leased power or RFS (e.g., MW or GW thresholds). Some awards only vest if the Reporting Person remains employed through the applicable vesting dates.
  • No indication in the provided extract of a 10b5-1 plan, tax withholding sale (F code), or late filing.

Context

  • These are compensation awards (options and RSUs) rather than purchases; they represent potential future economic interest if vesting/performance conditions are met. Such grants are common for executives as retention and performance incentives and do not, by themselves, signal an immediate buy or sell decision by the insider. For full details on vesting schedules, performance hurdles, and total beneficial ownership, review the complete Form 4 filing (Accession No. 0001193125-26-122453).

Insider Transaction Report

Form 4
Period: 2026-03-20
CLEANSPARK, INC.CLSK
Monnig Taylor
CTO, COO
Transactions
  • Award

    Restricted Stock Units

    [F7]
    2026-03-20+280,000→ 280,000 total
    Exercise: $0.00→ Common Stock (280,000 underlying)
  • Award

    Performance Stock Units

    [F8]
    2026-03-20+210,000→ 210,000 total
    Exercise: $0.00→ Common Stock (210,000 underlying)
  • Award

    Performance Stock Units

    [F9]
    2026-03-20+830,500→ 830,500 total
    Exercise: $0.00→ Common Stock (830,500 underlying)
Holdings

  • Common Stock

    168,581

  • Employee Stock Option (Right to Buy)

    [F1]
    Exercise: $5.98Exp: 2032-08-10→ Common Stock (15,000 underlying)
    15,000

  • Employee Stock Option (Right to Buy)

    [F2]
    Exercise: $6.00Exp: 2033-07-06→ Common Stock (25,000 underlying)
    25,000

  • Restricted Stock Units

    [F3]
    Exercise: $0.00→ Common Stock (33,350 underlying)
    33,350

  • Restricted Stock Units

    [F4]
    Exercise: $0.00→ Common Stock (396,476 underlying)
    396,476

  • Restricted Stock Units

    [F5]
    Exercise: $0.00→ Common Stock (225,625 underlying)
    225,625

  • Restricted Stock Units

    [F4]
    Exercise: $0.00→ Common Stock (361,000 underlying)
    361,000

  • Restricted Stock Units

    [F6]
    Exercise: $0.00→ Common Stock (3,747 underlying)
    3,747
Footnotes (9)
  • [F1]These Options were granted on August 10, 2022 and vest in equal annual installments over three years.
  • [F2]These Options were granted on July 7, 2023 and vest in equal monthly installments over 36 months.
  • [F3]These RSUs will vest on September 30, 2026.
  • [F4]These RSUs vest in equal annual installments over three years on September 4, 2026, September 4, 2027, and September 4, 2028.
  • [F5]These RSUs vest in equal semiannual installments over three years on February 13, 2026, September 4, 2026, February 13, 2027, September 4, 2027, February 13, 2028, and September 4, 2028.
  • [F6]These RSUs vest in equal quarterly installments on 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.
  • [F7]These RSUs vest in equal annual installments over three years on March 20, 2027, March 20, 2028, and March 20, 2029, subject to the Reporting Person's continued employment or service with the Issuer through each such date.
  • [F8]Vesting of these Long-Term Incentive Plan ("LTIP") awards is contingent on the common stock achieving a specified target market price of at least $18.80 based on a 20-trading day average during the period ending March 20, 2027, subject to the Reporting Person remaining employed by the Issuer on the vesting date of March 20, 2029. The reported LTIP awards do not include LTIP awards in respect of a maximum of 210,000 shares of common stock for which such awards will vest in accordance with their terms upon achievement of specified performance goals tied to gross power under leases to customers for data centers, with threshold performance at 600 MW gross and maximum payout at 800 MW gross, during the period ending March 20, 2027, subject to the Reporting Person remaining employed by the Issuer on the vesting date of March 20, 2029.
  • [F9]The number of shares under these Strategic Transformation Performance Awards ("STPA") represents the maximum number of common shares for which the STPAs will vest upon the Issuer's common stock achieving target market prices, based on a 20-trading day average, with threshold performance at $47 per share and maximum payout at $94 per share, before September 30, 2030, subject to the Reporting Person remaining employed by the Issuer on September 30, 2030. The reported STPA awards do not include 830,500 shares of common stock that vest upon achievement of performance goals tied to power under leases to customers for data centers that are operationally ready to host IT equipment and deliver services (RFS), with threshold performance at 1.0 GW and maximum payout at 2.5 GW, before September 30, 2030, subject to the Reporting Person remaining employed by the Issuer on September 30, 2030.
Signature
/s/ Taylor Monnig|2026-03-24

Documents

1 file
  • 4
    ownership.xmlPrimary

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