Company: CLSKW
Filing Date: 2025-01-22
Form Type: DEF 14A
Source: 0000950170-25-007763
Chunk: 42

Company: CLEANSPARK, INC.
Filing Date: 2025-01-22
Form: DEF 14A
Chunk 42
---
|------:|:----|:---------------------------------------------------------------------------------------------|----------:|
| Equity compensation plans approved by security holders     |     |                                                                                             | 2,285,462 |     | $                                                                                                           | 15.58 |     |                                                                                              | 8,300,575 |
| Equity compensation plans not approved by security holders |     |                                                                                             |         — |     |                                                                                                             |     — |     |                                                                                              |         — |
| Total                                                      |     |                                                                                             | 2,285,462 |     |                                                                                                             |       |     |                                                                                              | 8,300,575 |

Equity Grant Procedures

The Compensation Committee is the primary body responsible for approving equity awards, with limited delegation to the CEO for non-executive personnel. All equity awards were made in accordance with the 2017 Incentive Plan, and no options were awarded to executive officers during the fiscal year ended September 30, 2024.When granting equity awards, the Compensation Committee considers the timing, pricing, and conditions to mitigate risks of stock price manipulation or conflicts of interest. The Compensation Committee historically has not issued options to NEOs during any period when material non-public information has not been disclosed.

Compensation Recovery (Clawback) Policy

The Board adopted our Executive Officer Incentive Compensation Recoupment (Clawback) Policy, effective November 30, 2023 (the “Clawback Policy”), in accordance with Rule 10D-1 of the Exchange Act and Nasdaq listing standards. The Clawback Policy applies to current and former covered executive officers of the Company and is administered by the Compensation Committee. In the event the Company is required to prepare an accounting restatement to correct material noncompliance with any financial reporting requirement under U.S. federal securities laws, including restatements that correct an error in previously issued financial statements that is material to the previously issued financial statements or that would result in a material misstatement if the error were corrected in the current period or left uncorrected in the current period, it is the Company’s policy to recover erroneously awarded incentive-based compensation received by its executive officers. The recovery of such compensation applies regardless of whether an executive officer engaged in misconduct or otherwise caused or contributed to the requirement for a restatement.

As a result of our correction of errors in prior year financial statements, the Compensation Committee conducted a recovery analysis of incentive-based compensation received by our executive officers during the relevant period, as contemplated by Rule 10D-1 under the Exchange