Monnig Taylor 4

What Happened

• Monnig Taylor, CTO and COO of CleanSpark (CLSK), converted/exercised derivative awards that resulted in the acquisition of 45,660 shares (45,125 + 535) on February 13, 2026. These conversions are reported with a $0.00 per-share exercise price (reported as M-type derivative conversions).
• To satisfy tax withholding/exercise obligations, Taylor had 17,968 shares (17,757 + 211) disposed on February 18, 2026. The reported cash proceeds for those dispositions total $166,261 (17,757 shares at an average $9.25 = $164,313; 211 shares at an average $9.23 = $1,948). Footnotes state the sales prices are weighted averages across price ranges (see F1, F2).

Key Details

• Transaction dates: conversions/exercises on 2026-02-13; tax-withholding disposals on 2026-02-18.
• Prices/proceeds: 17,757 shares at $9.25 (weighted avg) = $164,313; 211 shares at $9.23 (weighted avg) = $1,948; combined = $166,261.
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (withholding sale).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Relevant footnotes: F1/F2 explain weighted-average sale price ranges and availability of per-price breakdown; F3–F8 describe grant and vesting schedules for various options/RSUs (some RSUs/options include vesting events on Feb 13, 2026).
• Filing: Form 4 filed 2026-02-18 reporting the Feb 13 and Feb 18 actions; no late-filing flag was indicated in the provided data.

Context

• This pattern — conversion/vesting of derivatives or RSUs followed by a sale of a portion of shares to cover taxes — is common and typically represents tax withholding rather than a discretionary investment decision.
• The filing shows exercise/conversion at $0.00 per share (reported), then immediate/near-term disposals to satisfy tax obligations. If you want the exact number of shares sold at each execution price within the reported ranges, the filer notes they will provide that breakdown on request (per F1/F2).