Company: CLSKW
Filing Date: 2025-01-22
Form Type: DEF 14A
Source: 0000950170-25-007763
Chunk: 49

Company: CLEANSPARK, INC.
Filing Date: 2025-01-22
Form: DEF 14A
Chunk 49
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 for any of our NEOs.

PEO PAY RATIO

We are required under Item 402(u) of Regulation S-K to calculate and disclose our “PEO pay ratio”. We conduct our business within the continental United States, and as of September 30, 2024, we had 270 employees.

For 2024, the median annual total compensation of all employees of the Company, excluding our PEO, was $80,510, and the annual total compensation of our PEO was $15,440,147, as reported in the “Summary Compensation Table” on page33of this Proxy Statement. Accordingly, the ratio of our PEO’s annual total compensation to the median annual compensation of all employees (excluding the PEO) was 192:1.

We used total compensation to determine the median employee as of September 30, 2024, which includes (i) annual base salary plus annual incentives paid to salaried employees and (ii) hourly salary rate times annual hours plus additional adjustments for annual incentives, shift differentials, actual overtime rates, and other cash allowances paid to hourly employees and any equity granted to eligible employees.

The ratio and annual total compensation amount of the median employee are reasonable estimates that have been calculated using methodologies and assumptions permitted by SEC rules. The Company notes that its ratio and annual total compensation amount may not be directly comparable to those of other companies because the methodologies and assumptions used to identify the median employee may vary significantly among companies.

POTENTIAL PAYMENTS UPON TERMINATION

The severance terms for Messrs. Bradford, Vecchiarelli, Schultz, Garrison, and Monnig are reflected in their respective employment contracts.

Below are summary tables of potential severance payments and benefits for each of our NEOs under various termination scenarios. The NEOs have been defined in three categories, based on the underlying employment agreements, with Messrs. Bradford and Schultz being Category 1, Mr. Vecchiarelli as Category 2, and Messrs. Garrison and Monnig as Category 3. Receipt of the potential severance payments and benefits listed below, as applicable, may be subject to the signing by such officer of a general release of all claims against the Company in a form and manner satisfactory to the Company, and after the expiration of any revocation rights under that general release, and subject to such officer’s compliance with post-termination obligations and any restrictive covenants

#### CleanSpark362025 Proxy Statement
upon termination. This information should be read in conjunction