CLEANSPARK, INC. — Director's Dealing 2022

Sep 15, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CLEANSPARK, INC. (CLSK)
CIK: 0000827876
Period of Report: 2022-09-12

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-09-12	Common Stock	A	360000	$0.00	Acquired	633000	Direct
2022-09-12	Common Stock	A	1215000	$0.00	Acquired	1848000	Direct
2022-09-12	Common Stock	A	360000	$0.00	Acquired	2208000	Direct
2022-09-12	Common Stock	F	136129	$4.89	Disposed	2071871	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	480000	Indirect
Common Stock	40996	Indirect

Footnotes

F1: Represents 360,000 restricted stock units ("RSUs") 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 RSUs vest upon the later of the date of issuance and the Issuer obtaining stockholder approval of an amendment to the Plan increasing the number of shares available under the Plan (the "Shareholder Approval").

F2: Represents 1,215,000 RSUs awarded to the Reporting Person under the Plan in connection with the Reporting Person's service as an executive officer and director of the Issuer, which RSUs vest on each anniversary of the grant date, such that the RSUs will fully vest on the third anniversary of the grant date, provided the Shareholder Approval is obtained.

F3: Represents 360,000 shares of performance stock units ("PSUs") originally awarded to the Reporting Person under the Plan, which vesting was subject to the achievement of certain corporate milestones of the Issuer. The compensation committee of the Issuer approved the immediate vesting of such PSUs on September 12, 2022.

F4: These shares were automatically withheld to cover the tax liability resulting from the vesting of the PSUs.