CleanSpark Director Larry McNeill Converts 7,805 RSUs

What Happened

• Larry McNeill, a director of CleanSpark, recorded the conversion/exercise of 7,805 derivative shares (code M) on 2026-06-30 at $0.00 (acquired). The same number (7,805) is also reported as a disposition of a derivative interest on the same date at $0.00. The filing shows no cash exchanged; the transaction appears to be a vesting/settlement event rather than a market purchase or sale.

Key Details

• Transaction date: 2026-06-30; Price per share: $0.00 for both acquired and disposed entries.
• Share count involved: 7,805 shares acquired (conversion/exercise) and 7,805 shares disposed (derivative).
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnote F1: These RSUs vest in equal quarterly installments on June 30, 2026; Sept 30, 2026; Dec 31, 2026; and Mar 31, 2027 — indicating the June 30 entry is a scheduled vesting installment.
• Filing timeliness: The report (Period ending 2026-06-30) was filed 2026-09-10; marked late (timeliness = L), which reduces the immediacy of the disclosure for investors.

Context

• Code M indicates exercise or conversion of a derivative. A $0.00 price typically means shares were issued upon vesting/settlement (not a cash purchase). The Form 4 does not state whether any shares were immediately sold or retained, nor does it provide a reason for the matching disposal entry.
• For retail investors: vesting conversions are routine compensation events for insiders and do not by themselves indicate a buy or sell sentiment. The late filing is a reminder to check subsequent disclosures for updated ownership or any related share sales.