CLEANSPARK, INC. — Director's Dealing 2021

Nov 10, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CLEANSPARK, INC. (CLSK)
CIK: 0000827876
Period of Report: 2021-11-08

Reporting Person: Bradford Zachary (Director, CEO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-08	Common Stock	A	30000	—	Acquired	131973	Direct
2021-11-08	Common Stock	A	69000	—	Acquired	382973	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-08	Employee Stock Option (Right to Buy)	$20.48	A	30000	Acquired	2024-11-07	Common Stock (30000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	323864	Indirect
Common Stock	12000	Indirect

Footnotes

F1: Represents 30,000 restricted stock units awarded to the Reporting Person under the Issuer's 2017 Equity Incentive Plan, as amended (the "Plan"), in connection with the Reporting Person's service as an executive officer and director of the Issuer, which restricted stock units shall vest as follows: (i) 2,500 are vested upon issuance, and (ii) the remaining 27,500 shall vest in equal monthly installments over the next 11 months.

F2: Represents 69,000 shares of restricted common stock, the vesting of which shares is subject to the achievement of certain corporate milestones of the Issuer.

F3: The reporting person is the sole shareholder of ZRB Holdings Inc.

F4: The reporting person is a member of the limited liability company, BlueChip Advisors LLC, that directly owns the reported securities. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

F5: Vesting of the options is subject to the achievement of certain corporate milestones of the Issuer.