=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-03-20
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: CLEANSPARK, INC. (CLSK)
CIK: 0000827876
--- Reporting Owner ---
Name: Garrison Scott Eugene
CIK: 0002022147
Role: Officer (EVP, Chief Development Officer)
--- Derivative Transactions ---
[Transaction #1]
Security: Restricted Stock Units
Date: 2026-03-20 | Code: A (Grant or award)
Shares: +160,000 | Price: $0.00
Shares Owned After: 160,000 | Ownership: D (Direct)
Footnotes:
[F7] 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.
[F7] 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.
[Transaction #2]
Security: Performance Stock Units
Date: 2026-03-20 | Code: A (Grant or award)
Shares: +120,000 | Price: $0.00
Shares Owned After: 120,000 | Ownership: D (Direct)
Footnotes:
[F8] 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 include LTIP awards in respect of a maximum of 120,000 shares of common stock for which such awards will vest in accordance with their terms upon achievement of specified performance goals tied to gross power under leases to customers for data centers, with threshold performance at 600 MW gross and maximum payout at 800 MW gross, 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.
[F8] 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 include LTIP awards in respect of a maximum of 120,000 shares of common stock for which such awards will vest in accordance with their terms upon achievement of specified performance goals tied to gross power under leases to customers for data centers, with threshold performance at 600 MW gross and maximum payout at 800 MW gross, 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.
--- Holdings ---
[Holding #1]
Security: Common Stock
Ownership: D (Direct)
[Holding #2]
Security: Employee Stock Options (Right to Buy)
Ownership: D (Direct)
Footnotes:
[F1] These Options were granted on July 7, 2023 and vest in equal monthly installments over 36 months.
[Holding #3]
Security: Employee Stock Options (Right to Buy)
Ownership: D (Direct)
Footnotes:
[F2] These Options were granted on May 14, 2021 and vested in equal monthly installments over 36 months.
[Holding #4]
Security: Restricted Stock Units
Ownership: D (Direct)
Footnotes:
[F3] These RSUs will vest on September 30, 2026.
[F3] These RSUs will vest on September 30, 2026.
[Holding #5]
Security: Restricted Stock Units
Ownership: D (Direct)
Footnotes:
[F4] These RSUs vest in equal annual installments over three years on September 4, 2026, September 4, 2027, and September 4, 2028.
[F4] These RSUs vest in equal annual installments over three years on September 4, 2026, September 4, 2027, and September 4, 2028.
[Holding #6]
Security: Restricted Stock Units
Ownership: D (Direct)
Footnotes:
[F5] 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.
[F5] 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.
[Holding #7]
Security: Restricted Stock Units
Ownership: D (Direct)
Footnotes:
[F4] These RSUs vest in equal annual installments over three years on September 4, 2026, September 4, 2027, and September 4, 2028.
[F4] These RSUs vest in equal annual installments over three years on September 4, 2026, September 4, 2027, and September 4, 2028.
[Holding #8]
Security: Restricted Stock Units
Ownership: D (Direct)
Footnotes:
[F6] 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.
[F6] 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.
--- Footnotes (Complete Index) ---
F1: These Options were granted on July 7, 2023 and vest in equal monthly installments over 36 months.
F2: These Options were granted on May 14, 2021 and vested in equal monthly installments over 36 months.
F3: These RSUs will vest on September 30, 2026.
F4: These RSUs vest in equal annual installments over three years on September 4, 2026, September 4, 2027, and September 4, 2028.
F5: 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.
F6: 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.
F7: 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.
F8: 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 include LTIP awards in respect of a maximum of 120,000 shares of common stock for which such awards will vest in accordance with their terms upon achievement of specified performance goals tied to gross power under leases to customers for data centers, with threshold performance at 600 MW gross and maximum payout at 800 MW gross, 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.
--- Signature ---
/s/ /s/ Scott E. Garrison (2026-03-24)
