CleanSpark (CLSK) CTO Taylor Monnig Exercises RSUs, Sells Shares

What Happened

• Taylor Monnig, Chief Technology & Chief Operating Officer of CleanSpark (CLSK), converted/exercised 33,350 vested RSUs on Sept 30, 2026 (acquired at $0.00).
• To cover taxes and related obligations, 13,123 shares were withheld on Oct 1, 2026 (valued at ~$161,811). An additional 3,335 shares were sold in the open market on Oct 1, 2026 for a weighted average price of $12.33 per share (proceeds ~$41,122).
• Net result from this event: 33,350 shares granted → 13,123 withheld + 3,335 sold = 16,892 shares retained; total proceeds/settlement value ≈ $202,933.

Key Details

• Transaction dates/prices: RSU conversion on 2026-09-30 (acquisition at $0.00); withholding and sale on 2026-10-01 at a weighted avg price of $12.33 (sales ranged $12.2859–$12.4201 per F2).
• Codes: M = exercise/conversion of derivative (RSU vesting); F = shares withheld to pay tax liability; S = open market sale.
• Notable footnotes: F5 indicates these RSUs vested on Sept 30, 2026. F1 notes the Oct 1 sale was made pursuant to a Rule 10b5-1 trading plan adopted May 13, 2026. F2 provides the sales price range and states the filer can supply a per-price breakdown on request.
• Share impact: Net addition/retention from this event = 16,892 common shares. (Filing did not state total holdings before/after beyond this event.)
• Filing timeliness: Form 4 filed 2026-10-01 for transactions on 2026-09-30 and 2026-10-01 (appears timely).

Context

• This was a conversion of vested RSUs (derivative exercise) followed by tax withholding and a small open-market sale — a common cashless settlement method to cover tax obligations rather than a standalone “sell for investment” signal.
• The filer also has additional long-term incentive awards (LTIP and Strategic Transformation Performance Awards) that vest only on achievement of stock-price or power/operational milestones (see F10 and F11 for thresholds, vesting dates, and substantial potential award amounts).
• Facts only — no inference about Monnig’s future view of the stock is made.