Garrison Scott Eugene 4

What Happened

• Garrison Scott Eugene, EVP and Chief Development Officer of CLEANSPARK, received award grants totaling 280,000 derivative shares (160,000 + 120,000) reported as acquired at $0.00 on March 20, 2026. These entries are reported as award/acquisition (Form 4 code A) and reflect derivative awards (stock options), not open-market purchases or sales.

Key Details

• Transaction date: March 20, 2026; Filing date: March 24, 2026 (filed within the typical Form 4 reporting window).
• Reported price: $0.00 for both awards (no cash paid reported for the grant itself).
• Awards: 160,000 and 120,000 derivative shares (total 280,000).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Relevant footnotes:
  • F1: 160,000 options were originally granted July 7, 2023 and vest in equal monthly installments over 36 months.
  • F2: 120,000 options were originally granted May 14, 2021 and vested in equal monthly installments over 36 months.
  • The filing also includes other RSU/LTIP footnotes (F3–F8) describing separate RSU vesting schedules and performance‑contingent LTIP terms; those may apply to other awards reported in the full filing.
• No indication in this excerpt of a 10b5-1 plan, tax withholding sale, or late filing penalties.

Context

• These are derivative awards (stock options) granted as compensation. An award reported at $0.00 on Form 4 typically documents the grant; it does not mean the insider bought shares on the open market. Options convert to shares only when exercised (and may have strike prices and vesting conditions).
• F1 and F2 specify multi‑month vesting schedules (36 months), so future vesting timelines apply and continued employment may be required. F3–F8 reference separate RSU and LTIP vesting/performance conditions included elsewhere in the filing.