CleanSpark (CLSK) EVP Garrison Exercises Options, Sells Shares

What Happened
Garrison Scott Eugene, EVP & Chief Development Officer of CleanSpark (CLSK), exercised/converting derivative awards for 2,676 shares on 2026-08-13 (exercise price reported as $0.00). To satisfy tax withholding obligations, 1,192 of those shares were surrendered/disposed on 2026-08-14 at $11.51 per share, totaling $13,720. After the withholding, 1,484 shares from this exercise were retained. The tax withholding transaction was made pursuant to a Rule 10b5-1(c) plan adopted May 13, 2026.

Key Details

• Primary transactions: Exercise/conversion of 2,676 derivative shares (M) on 2026-08-13; surrender/withholding of 1,192 shares (F) on 2026-08-14 at $11.51/share = $13,720.
• Net shares retained from this exercise: 2,676 acquired − 1,192 surrendered = 1,484 retained.
• Filing: Form 4 filed 2026-08-14 reporting transactions on 2026-08-13/14 — appears timely.
• Notable footnotes: F1 = transaction made under a Rule 10b5‑1(c) plan (adopted May 13, 2026). F2 and F3 indicate the exercised options were from grants on July 7, 2023 and May 14, 2021 with standard monthly vesting schedules.
• Total post-transaction holdings for the reporting person are not specified in the provided excerpt of the filing.

Context
This was an option/derivative exercise with shares surrendered to cover tax liability (a common cashless exercise/withholding mechanism), not a discretionary open-market sale for cash beyond the withholding. The use of a 10b5‑1 plan means the withholding disposition was executed under a prearranged plan. The dollar amount involved in the withheld shares (~$13.7k) is modest relative to typical insider transactions.