2017 Incentive Plan evergreen provision
Company: CleanSpark
What the later record shows
Delivered; the record does not say when
The evergreen provision was approved. Authorized shares rose to 14,542,583, above the 11,512,000 set by the amendment, which indicates automatic increases occurred, but no passage gives the dates.
“add an evergreen provision to, on April 1st and October 1st of each year, automatically increase the maximum number of shares of common stock available”
2024-01-25 · CleanSpark DEF 14A filed 2024-01-26 View cached copy (2026-08-31)Live source ↗
“A total of 14,542,583 shares are authorized for issuance under the 2017 Incentive Plan.”
2024-01-25 · CleanSpark DEF 14A filed 2024-01-26 View cached copy (2026-08-31)Live source ↗
Checked October 11, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Automatic increase of maximum shares available under the 2017 Incentive Plan to 15% of outstanding common stock on April 1 and October 1 each year
Source (primary)
CleanSpark 8-K filed 2023-03-09 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “add an evergreen provision to, on April 1st and October 1st of each year, automatically increase the maximum number of shares of Common Stock available under the Plan to fifteen percent (15%) of the Company's outstanding shares of Common Stock”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K describes the stockholder-approved evergreen provision. It raises the plan's share maximum to 15% of outstanding common stock every April 1 and October 1. The filing adds that the measurement is taken as of the last day of the preceding month.
Confirmed in the source:
- The 2017 Incentive Plan amendment adds an evergreen provision
- Under the provision, the maximum number of shares available under the plan automatically increases to 15% of the company's outstanding common stock
- The automatic increase occurs on April 1 and October 1 of each year
- Stockholders approved the amendment at the March 8, 2023 annual meeting
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000095017023007067/clsk-20230308.htm) in full (8,813 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 8-K filed 2023-03-09
Quote: “add an evergreen provision to, on April 1st and October 1st of each year, automatically increase the maximum number of shares of Common Stock available under the Plan to fifteen percent (15%) of the Company's outstanding shares of Common Stock”
confirms CleanSpark DEF 14A filed 2024-01-26
Quote: “add an evergreen provision to, on April 1st and October 1st of each year, automatically increase the maximum number of shares of common stock available”