Vecchiarelli Gary Anthony 4

What Happened

• Gary Anthony Vecchiarelli, President and Chief Financial Officer of CLEANSPARK, was granted a total of 1,902,500 restricted stock units (RSUs) on March 20, 2026. The awards are reported as derivative acquisitions at a $0.00 purchase price (no cash paid). The three reported grants are: 400,000 RSUs, 300,000 RSUs, and 1,202,500 RSUs (total = 1,902,500 RSUs). These are awards/long‑term incentive grants (not open‑market purchases or sales).

Key Details

• Transaction date reported: March 20, 2026; Form 4 filed March 24, 2026.
• Price: $0.00 per share (award/derivative grants).
• Shares reported acquired: 400,000; 300,000; 1,202,500 (total 1,902,500).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Notable footnotes (summary):
  • Some RSUs vest in equal annual, semiannual, or quarterly installments over multi‑year schedules (vesting dates range through 2026–2029, and some through 2030).
  • Certain LTIP awards vest only if common stock achieves specified target market prices (example: $18.80 based on a 20‑trading‑day average) and/or subject to continued employment through the vest date.
  • Some performance awards (STPAs/LTIPs) also tie vesting to operational metrics (e.g., gross power under leases or RFS capacity thresholds measured in MW or GW) with threshold and maximum payout levels.
  • Reported STPA and LTIP figures exclude additional potential awards that vest only if higher performance targets are met.
• Filing timing: The Form 4 was filed 4 days after the transaction date. Form 4s are generally due within two business days of a reportable transaction; the filing shows a gap — check the official filing for any late‑report flag.

Context

• These are time‑ and performance‑based equity awards (RSUs/LTIP/STPA). They do not involve cash outlay by the insider and are derivative in nature, with vesting contingent on continued service and, for some tranches, attainment of stock‑price or operational performance targets. Such awards are common compensation tools for executives; they do not by themselves signal immediate buying or selling intent.