CleanSpark (CLSK) Director Larry McNeill Exercises/Converts Derivative for 7,805 Shares

What Happened

• Larry McNeill, a director of CleanSpark, recorded an exercise/conversion of 7,805 derivative shares (Transaction code M) on 2026-09-30 at $0.00 per share (acquired) and the filing also shows a disposition of 7,805 derivative shares at $0.00 the same day. No cash price was paid in the reported transactions; the Form 4 records the conversion/exercise activity rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-30; Transaction code M = exercise or conversion of a derivative.
• Price: $0.00 per share for both the acquisition and the disposition entries.
• Shares affected: 7,805 acquired (conversion/exercise) and 7,805 disposed (derivative) on the same date.
• Shares owned after transaction: Not specified in this filing.
• Footnote: F1 notes these RSUs vest in equal quarterly installments on Sep 30, 2026, Dec 31, 2026, and Mar 31, 2027.
• Filing date: 2026-10-01 (filed the day after the transaction reporting period).

Context

• Transaction code M indicates an exercise or conversion of a derivative security. The filing shows conversion/exercise activity (and a corresponding derivative disposition) rather than an open-market sale or purchase. Footnote F1 suggests these were RSU-related vesting events. This type of filing often reflects vesting/settlement mechanics (including tax or conversion steps) rather than an outright buy or sell by the insider.