CLEANSPARK, INC. — Director's Dealing 2021

Apr 20, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CLEANSPARK, INC. (CLSK)
CIK: 0000827876
Period of Report: 2021-04-16

Reporting Person: Schultz S. Matthew (Director, Executive Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-16	Common Stock	A	40000	—	Acquired	209000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-04-16	Employee Stock Option (Right to Buy)	$23.00	A	400000	Acquired	2026-04-15	Common Stock (400000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	480000	Indirect
Common Stock	40996	Indirect

Footnotes

F1: Represents 40,000 restricted stock units awarded to the Reporting Person under the Issuer's 2017 Equity Incentive Plan (the "Plan") in connection with the Reporting Person's service as an executive officer and director of the Issuer, which restricted stock units were fully vested upon issuance.

F2: This includes 55,000 shares of restricted common stock issued to the Reporting Person on October 26, 2020, the vesting of which shares is subject to the achievement of certain corporate milestones of the Issuer for fiscal year 2021.

F3: The Reporting Person's ability to exercise 268,000 of the 400,000 Stock Options (the "Contingent Options") reported herein is conditioned upon stockholder approval of an amendment to the Plan. If such stockholder approval is not obtained, then the Contingent Options shall be forfeited by the Reporting Person.

F4: The Stock Options shall vest in 36 equal monthly installments from the grant date.