Monnig Taylor 4

What Happened

• Taylor Monnig, CleanSpark's Chief Technology Officer and Chief Operating Officer, converted/ exercised 535 derivative awards into 535 common shares on May 13, 2026 (reported on Form 4). On May 14, 2026, 211 of those shares were surrendered to satisfy tax withholding at an average price of $13.98, totaling about $2,950. The derivative conversion shows an acquisition price of $0.00 per share (no cash exercise price reported).

Key Details

• Transaction dates and prices:
  • May 13, 2026: Conversion/exercise of 535 derivative awards into 535 shares (Code M) at $0.00.
  • May 14, 2026: 211 shares surrendered for tax/exercise payment (Code F) at a weighted average price $13.98 per share (total ≈ $2,950). Footnote F1: actual sale prices ranged $13.9700–$13.9850; seller will provide per-share price details on request.
• Net effect: 535 shares acquired, 211 shares surrendered for taxes → net +324 shares retained from the conversion.
• Notable footnotes:
  • F1 explains the weighted-average sale price range and availability of per-price details.
  • F10 describes the underlying awards (Strategic Transformation Performance Awards) and that reported STPA amounts represent maximum payouts tied to stock-price and other performance conditions through 9/30/2030.
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax withholding.
• Filing timeliness: Reported May 14, 2026 for a May 13 transaction — appears timely (no late-file indication).

Context

• This was primarily a conversion/exercise of derivative awards with subsequent withholding of shares to cover taxes (a routine administrative step), not an open-market sale for cash. For retail investors, such withholding transactions are common and do not necessarily imply a view on the company's prospects.