CLEANSPARK EVP Garrison Scott Exercises Awards, Sells 14,854 Shares

What Happened
Garrison Scott (EVP & Chief Development Officer) exercised/converted a total of 66,850 derivative awards into common stock on Sept 30, 2026 (33,350 and 33,500-share conversions). On Oct 1, 2026 he disposed of 14,854 shares to satisfy exercise/tax obligations, receiving about $183,154 (weighted-average sale price $12.33). The sale was executed under a pre-established Rule 10b5-1 plan and appears to be a tax/withholding-related disposition rather than an open-market sell for investment reasons.

Key Details

• Transaction dates: exercise/conversion on 2026-09-30; tax/withholding sale on 2026-10-01.
• Exercise/conversion: 33,350 shares acquired @ $0.00 and 33,500 shares converted (both reported as derivative transactions, code M).
• Sale (code F): 14,854 shares disposed at a weighted-average price of $12.33 for total proceeds of $183,154. Reported sale prices ranged $12.2859–$12.4201.
• The Oct 1 sale was made pursuant to a Rule 10b5-1(c) plan adopted May 13, 2026 (Footnote F1). The F code indicates shares were surrendered to cover exercise price or tax liability.
• Footnote F5 indicates certain RSUs vested on Sept 30, 2026; F10 notes some LTIP awards are contingent on meeting market-price and operational performance goals and continued employment through March 20, 2029.
• Shares owned after the transactions are not specified in the information provided in your summary.

Context

• Code M = exercise/conversion of derivative awards; Code F = payment of exercise price or tax withholding (often executed by selling shares). Here, only a portion of the converted shares were sold to cover taxes/fees — the remainder were retained.
• This appears to be routine tax withholding following vesting/exercise rather than a discretionary open-market sale. The filing was submitted Oct 1, 2026 for transactions on Sept 30 / Oct 1 and does not indicate a late filing.