Company: CLSKW
Filing Date: 2025-01-22
Form Type: DEF 14A
Source: 0000950170-25-007763
Chunk: 46

Company: CLEANSPARK, INC.
Filing Date: 2025-01-22
Form: DEF 14A
Chunk 46
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 | RSU           |                                                   |  53,533 |     |                                           |   499,998 |
|                      |     | 5/07/2024(2) | RSU           |                                                   | 100,000 |     |                                           | 1,654,000 |
| Taylor Monnig        |     | 9/30/2024(1) | RSU           |                                                   |  10,707 |     |                                           |   100,003 |
|                      |     | 5/07/2024(2) | RSU           |                                                   | 100,000 |     |                                           | 1,654,000 |

* Columns (c), (d), (e), (f), (g), (h), (j), and (k) required under Item 402(d) of Regulation S-K have been omitted from this table as they are not applicable.

(1) Time-based RSU awards granted on September 30, 2024, with 40% of the RSUs vesting immediately, and the remainder vesting in twelve equal quarterly installments beginning on February 13, 2025 and continuing quarterly thereafter on May 13, 2025, August 13, 2025, December 3, 2025, 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, subject to continued service to the Company through each vesting date. These RSUs were deemed under ASC 718 to have a fair value of $9.34 per RSU.

(2) Time-based RSU awards granted on May 7, 2024, vesting in three equal installments on September 30, 2024, September 30, 2025, and September 30, 2026, subject to continued service to the Company through each vesting date. These RSUs were deemed under ASC 718 to have a fair value of $16.54 per RSU on the date of grant.

NARRATIVE DISCLOSURE TO THE SUMMARY COMPENSATION TABLE AND GRANTS OF PLAN-BASED AWARDS TABLE

Each NEO has an employment agreement that generally provides for a base salary, a discretionary bonus (often contingent on performance metrics or