Vecchiarelli Gary Anthony 4
4 · CLEANSPARK, INC. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
CLEANSPARK (CLSK) President/CFO Gary Vecchiarelli Receives Award
What Happened
- Gary Anthony Vecchiarelli, President and Chief Financial Officer of CLEANSPARK, was granted a total of 1,902,500 restricted stock units (RSUs) on March 20, 2026. The awards are reported as derivative acquisitions at a $0.00 purchase price (no cash paid). The three reported grants are: 400,000 RSUs, 300,000 RSUs, and 1,202,500 RSUs (total = 1,902,500 RSUs). These are awards/long‑term incentive grants (not open‑market purchases or sales).
Key Details
- Transaction date reported: March 20, 2026; Form 4 filed March 24, 2026.
- Price: $0.00 per share (award/derivative grants).
- Shares reported acquired: 400,000; 300,000; 1,202,500 (total 1,902,500).
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Notable footnotes (summary):
- Some RSUs vest in equal annual, semiannual, or quarterly installments over multi‑year schedules (vesting dates range through 2026–2029, and some through 2030).
- Certain LTIP awards vest only if common stock achieves specified target market prices (example: $18.80 based on a 20‑trading‑day average) and/or subject to continued employment through the vest date.
- Some performance awards (STPAs/LTIPs) also tie vesting to operational metrics (e.g., gross power under leases or RFS capacity thresholds measured in MW or GW) with threshold and maximum payout levels.
- Reported STPA and LTIP figures exclude additional potential awards that vest only if higher performance targets are met.
- Filing timing: The Form 4 was filed 4 days after the transaction date. Form 4s are generally due within two business days of a reportable transaction; the filing shows a gap — check the official filing for any late‑report flag.
Context
- These are time‑ and performance‑based equity awards (RSUs/LTIP/STPA). They do not involve cash outlay by the insider and are derivative in nature, with vesting contingent on continued service and, for some tranches, attainment of stock‑price or operational performance targets. Such awards are common compensation tools for executives; they do not by themselves signal immediate buying or selling intent.
Insider Transaction Report
Form 4
CLEANSPARK, INC.CLSK
Vecchiarelli Gary Anthony
President, CFO
Transactions
- Award
Restricted Stock Units
[F4]2026-03-20+400,000→ 400,000 totalExercise: $0.00→ Common Stock (400,000 underlying) - Award
Performance Stock Units
[F5]2026-03-20+300,000→ 300,000 totalExercise: $0.00→ Common Stock (300,000 underlying) - Award
Performance Stock Units
[F6]2026-03-20+1,202,500→ 1,202,500 totalExercise: $0.00→ Common Stock (1,202,500 underlying)
Holdings
- 62,171
Common Stock
- 600,000(indirect: By Trust)
Common Stock
- 429,515
Restricted Stock Units
[F1]Exercise: $0.00→ Common Stock (429,515 underlying) - 557,000
Restricted Stock Units
[F1]Exercise: $0.00→ Common Stock (557,000 underlying) - 348,125
Restricted Stock Units
[F2]Exercise: $0.00→ Common Stock (348,125 underlying) - 11,242
Restricted Stock Units
[F3]Exercise: $0.00→ Common Stock (11,242 underlying)
Footnotes (6)
- [F1]These RSUs vest in equal annual installments over three years on September 4, 2026, September 4, 2027, and September 4, 2028.
- [F2]These RSUs vest in equal semiannual installments over three years on September 4, 2026, February 13, 2027, September 4, 2027, February 13, 2028, and September 4, 2028.
- [F3]These RSUs vest in equal quarterly installments on May 13, 2026, August 13, 2026, December 3, 2026, February 12, 2027, May 13, 2027, August 13, 2027, and December 3, 2027.
- [F4]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.
- [F5]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 300,000 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.
- [F6]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 1,202,500 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/ Gary A. Vecchiarelli|2026-03-24