Vecchiarelli Gary Anthony 4

What Happened
Gary Anthony Vecchiarelli, CleanSpark’s President and Chief Financial Officer, exercised/converted 1,606 derivative securities on May 13, 2026 (exercise reported at $0.00). To satisfy tax withholding related to that exercise, 632 shares were disposed on May 14, 2026 at a weighted-average price of $13.98, producing proceeds of approximately $8,836. The Form 4 records the derivative conversion (M) and the tax-withholding share disposition (F).

Key Details

• Transaction dates: May 13, 2026 (exercise/conversion of 1,606 derivatives) and May 14, 2026 (632-share disposition for tax withholding).
• Prices & value: Tax-withholding shares sold at a weighted-average price of $13.97–$13.985 (reported as $13.98 avg); proceeds ≈ $8,836 (footnote F1 clarifies per-price breakdown available on request).
• Net shares from this event: 1,606 shares were converted; 632 were withheld/sold to cover taxes (implying 974 shares remain from this conversion unless other holdings or transactions apply).
• Shares owned after transaction: Not specified in the provided filing extract.
• Footnotes of note: F1 explains the weighted-average sale price breakdown; F2–F7 describe multiple outstanding RSU, LTIP and Strategic Transformation Performance Awards with various vesting schedules and performance/price targets (including market-price and power/operational milestones).
• Timeliness: Form filed May 14, 2026 for transactions on May 13–14, 2026 (filed the next day; not indicated as late).

Context

• Transaction codes: M = exercise/conversion of a derivative (e.g., option/RSU conversion); F = shares withheld/sold to satisfy exercise price or tax liability (commonly called a "sell-to-cover").
• This appears to be a routine exercise with partial sell-to-cover for taxes rather than an open-market sale expressing a view on the stock. It’s factual reporting of compensation-related activity, not an investment recommendation.