Schultz S. Matthew 4

What Happened
Matthew S. Schultz, CEO, Chairman and a director of CleanSpark, reported receiving multiple derivative equity awards on March 20, 2026. The filing shows: 640,000 (derivative) units, 480,000 (derivative) units, and 1,816,000 (derivative) units — a total of 2,936,000 shares reported at $0.00 (no cash paid). These are awards/options/RSUs rather than open-market purchases or sales; many awards have vesting schedules and performance conditions rather than immediate unrestricted shares.

Key Details

• Transaction date: March 20, 2026; Form 4 filed March 24, 2026 (timely within the Form 4 two-business-day rule).
• Reported items: 640,000; 480,000; and 1,816,000 derivative awards (total 2,936,000). All reported at $0.00 (awards/derivatives).
• Shares owned after transaction: Not specified in the information provided in this summary.
• Notable footnotes (summary):
  • F1: 640,000 are options originally granted April 16, 2021 with monthly vesting over 36 months.
  • F2–F5: Various RSU grants with annual, semiannual or quarterly vesting schedules through 2028–2029.
  • F6–F7: LTIP/STPA awards are performance-contingent — including stock-price targets (measured by 20-day averages) and operational/performance targets tied to power under leases or RFS (threshold and maximum levels), with vesting dependent on remaining employed through the applicable vesting dates (up to Sept 30, 2030 for some awards).
• Filing timeliness: Filed March 24, 2026 for a March 20, 2026 report date — appears timely.

Context
These filings report derivative compensation awards (options, RSUs, LTIP/STPA), not open-market buys or sales. Because many awards are subject to time-based vesting and performance conditions, they do not represent immediate share ownership or a direct cash investment by the insider. For retail investors, awards tied to company performance metrics (stock-price hurdles or operational milestones) signal management incentives but are not direct evidence of insider buying or selling intent.