CLEANSPARK EVP Garrison Scott Eugene Exercises and Sells Shares

What Happened

• Garrison Scott Eugene, Executive Vice President & Chief Development Officer of CLEANSPARK (CLSK), exercised or converted a total of 297,616 derivative/option-based shares on September 4, 2026. To cover exercise taxes/fees, he disposed of 133,458 of those shares in transactions on September 4 and September 8, 2026, generating approximately $1,764,651 in proceeds. The exercises/conversions are reported as transaction code M; the disposals to satisfy tax/exercise obligations are reported as code F.

Key Details

• Transaction dates: June/period reported as Sept 4, 2026 (exercises/conversions) and sales/withholdings on Sept 4 and Sept 8, 2026. Filing date: Sept 9, 2026 (file appears timely).
• Shares exercised/converted: 297,616 (132,158 + 45,125 + 120,333).
• Shares sold/withheld for taxes/exercise: 133,458 (58,863 + 20,999 + 53,596).
• Proceeds from sales: approximately $1,764,651 (breakdowns: $785,062; $264,774; $714,815).
• Sales prices: roughly $12.56–$13.70 per share (weighted averages reported near $12.61 for Sept 4 sales and $13.34 for Sept 8 sales; see filing footnotes F2 & F3 for exact ranges).
• Footnotes: transactions were made pursuant to a Rule 10b5-1 plan adopted May 13, 2026 (footnote F1). Other footnotes in the filing reference vesting/award conditions for RSUs/LTIPs but do not change the core exercise/sell-to-cover activity reported here.
• Shares owned after transaction: not specified in the provided excerpt of the filing.

Context

• These filings show an exercise/conversion of derivative awards followed by share sales used to pay taxes/exercise costs (commonly called a cashless exercise or sell-to-cover). Transaction codes: M = exercise/conversion of a derivative; F = payment of exercise price or tax liability (sale/withholding).
• The sales were executed under a pre-established 10b5-1 plan, which is a trading plan that can authorize routine sales at preset times and is generally considered a planned, non-discretionary disposition rather than an ad-hoc insider sale.
• No inference about the insider’s view of the company should be drawn from routine exercises or required tax-withholding sales; purchases tend to be more indicative of a positive personal market view.