Company: CLSKW
Filing Date: 2025-09-08
Form Type: 8-K
Source: 0000950170-25-113381
Chunk: 4

Company: CLEANSPARK, INC.
Filing Date: 2025-09-08
Form: 8-K
Item: Item 5.02
Chunk 4
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, an industry first.

  Name                      Number of Performance RSUs      Number of Retention RSUs  
 ──────────────────────────────────────────────────────────────────────────────────────
  S. Matthew Schultz                         1,729,000                     1,729,000  
  Gary A. Vecchiarelli                         557,000                       557,000  
  Scott E. Garrison                            361,000                       361,000  
  Taylor Monnig                                361,000                       361,000  
  Brian J. Carson                              131,000                       131,000  

25% of the Performance RSUs will vest on September 9, 2025. The remaining 75% of the Performance RSUs will vest in six equal semi-annual installments commencing on February 13, 2026. The Retention RSUs will vest in three equal installments on each of the first, second, and third anniversaries of the grant date.

On October 1, 2024, the Board approved a long-term incentive plan (the “2025 LTIP”) that would have provided for the grant of RSUs in connection with the Company’s achievement of certain key performance indicator (“ KPI”) targets. The KPI targets were never finalized and approved by the Board, and as such RSUs were never issued pursuant to the 2025 LTIP.

Item 7.01 Regulation FD Disclosure.

On September 8, 2025, the Company issued a press release announcing the realignment of the leadership team. A copy of the press release is furnished with this Report as Exhibit 99.1 and is incorporated herein by reference.

The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act”), or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing under the Act, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

  Exhibit No.      Description                                                                                              
         10.1      Employment Agreement by and between CleanSpark, Inc. and S. Matthew Schultz, dated September 4, 2025.    
         10.2      Employment Agreement by and between CleanSpark,