CleanSpark Insider Schultz Files Form 4 on Ownership Changes

TL;DR

**CleanSpark insider Schultz filed a Form 4, signaling a change in his stock ownership.**

AI Summary

This Form 4 filing, dated March 24, 2026, indicates that S. Matthew Schultz, a reporting person for CleanSpark, Inc. (NASDAQ: CLSK), has filed a statement of changes in beneficial ownership of securities. While the filing itself doesn't detail specific transactions, it signals that Schultz, likely an insider, has either bought, sold, or been granted shares of CleanSpark. This matters to investors because insider activity can provide clues about management's confidence in the company's future, potentially influencing stock price.

Why It Matters

Insider filings like this can signal management's sentiment about the company's prospects, which can influence investor perception and stock valuation.

Risk Assessment

Risk Level: low — This filing is purely administrative, reporting a change in beneficial ownership, and does not inherently carry significant risk.

Analyst Insight

Investors should monitor subsequent filings or news from CleanSpark to understand the specific nature of S. Matthew Schultz's transaction (buy or sell) to gauge insider sentiment.

Key Players & Entities

• Schultz S. Matthew (person) — Reporting Person
• CLEANSPARK, INC. (company) — Issuer
• 0001625587 (person) — CIK of Reporting Person
• 0000827876 (company) — CIK of Issuer

FAQ

Key Financial Figures

• $18.80 b — ecified target market price of at least $18.80 based on a 20-trading day average during
• $47 — average, with threshold performance at $47 per share and maximum payout at $94 per
• $94 — at $47 per share and maximum payout at $94 per share, before September 30, 2030, s

Filing Documents

• ownership.html (4)
• ownership.xml (4) — 19KB
• 0001193125-26-122459.txt ( ) — 20KB

From the Filing

SEC FORM 4 SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5    Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).    Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. 1. Name and Address of Reporting Person * Schultz S. Matthew (Last) (First) (Middle) 10624 S. EASTERN AVE. SUITE A-638 (Street) HENDERSON NEVADA 89052 (City) (State) (Zip) UNITED STATES (Country) 2. Issuer Name and Ticker or Trading Symbol CLEANSPARK, INC. [ CLSK ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner X Officer (give title below) Other (specify below) CEO & Chairman 2a. Foreign Trading Symbol 3. Date of Earliest Transaction (Month/Day/Year) 03/20/2026 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person 4. If Amendment, Date of Original Filed (Month/Day/Year) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 2,455,145 D Common Stock 480,000 I By S M Schultz Irrevocable Trust Common Stock 40,996 I By Spouse Series A Preferred 500,000 D Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Employee Stock Options (Right to Buy) $ 23 (1) 04/16/2031 Common Stock 400,000 400,000 D Restricted Stock Units $ 0 (2) (2) Common Stock 627,753 627,753 D Restricted Stock Units $ 0 (3) (3) Common Stock 1,080,625 1,080,625 D Restricted Stock Units $ 0 (2) (2) Common Stock 1,729,000 1,729,000 D Restricted Stock Units $ 0 (4) (4) Common Stock 143,673 143,673 D Restricted Stock Units $ 0 03/20/2026 A 640,000 (5) (5) Common Stock 640,000 $ 0 640,000 D Performance Stock Units $ 0 03/20/2026 A 480,000 (6) (6) Common Stock 480,000 $ 0 480,000 D Performance Stock Units $ 0 03/20/2026 A 1,816,000 (7) (7) Common Stock 1,816,000 $ 0 1,816,000 D Explanation of Responses: 1. These Options were granted on April 16, 2021 and vested in equal monthly installments over 36 months. 2. These RSUs vest in equal annual installments over three years on September 4, 2026, September 4, 2027, and September 4, 2028. 3. These RSUs vest in equal semiannual installments over three years on February 13, 2026, September 4, 2026, February 13, 2027, September 4, 2027, February 13, 2028, and September 4, 2028. 4. These RSUs vest in equal quarterly installments on February 13, 2026, May 13, 2026, August 13, 2026, December 3, 2026, February 12, 2027, May 13, 2027, August 13, 2027, and December 3, 2027. 5. These RSUs vest in equal annual installments over three years on March 20, 2027, March 20, 2028, and March 20, 2029, subject to the Reporting Person's continued employment or service with the Issuer through each such date. 6. Vesting of these Long-Term Incentive Plan ("LTIP") awards is contingent on the common stock achieving a specified target market price of at least $18.80 based on a 20-trading day average during the period ending March 20, 2027, subject to the Reporting Person remaining employed by the Issuer on the vesting date of March 20, 2029. The reported LTIP awards do not

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