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: Bradford Zachary (Director, CEO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-16	Common Stock	A	50000	—	Acquired	270973	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	500000	Acquired	2026-04-15	Common Stock (500000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	323864	Indirect
Common Stock	12000	Indirect

Footnotes

F1: Represents 50,000 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 69,000 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 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 the Reporting Person's 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: The Reporting Person's ability to exercise 335,000 of the 500,000 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.

F6: The Stock Options shall vest in 36 equal monthly installments from the grant date.