Shareholder approval deadline for equity plan
Company: CleanSpark
What the later record shows
Delivered on time · happened March 8, 2023
Stockholders approved the increase to the equity plan on March 8, 2023, before the March 15, 2023 deadline. The board grants then became effective on that approval.
“were effectively granted upon shareholder approval of an increase in the number of shares available under the Company’s equity incentive plan in March 2023”
2023-08-08 · CleanSpark 10-Q filed 2023-08-09 View cached copy (2026-09-13)Live source ↗
“On March 8, 2023, our stockholders approved an amendment to the 2017 Incentive Plan to (i) increase the number of shares authorized”
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
All newly granted equity incentives shall terminate unvested if shareholder approval for equity plan increase is not obtained by March 15, 2023
Source (primary)
CleanSpark 8-K filed 2022-09-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “If the Shareholder Approval has not been obtained by March 15, 2023, all such equity incentive grants shall terminate unvested and shall no longer be outstanding”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The 8-K states that the new equity grants depend on shareholder approval of an increase to the equity plan, and that they terminate unvested if that approval is not obtained by March 15, 2023. Only the accelerated vesting of existing PSUs is excluded, and that was not a new grant.
Confirmed in the source:
- CleanSpark's newly granted equity incentives (PSUs and RSUs to Bradford, Schultz and Vecchiarelli, plus one-time RSU grants to Bradford and Schultz) are subject to shareholder approval of an increase in shares available under the company's 2017 Equity Incentive Plan
- If that shareholder approval is not obtained by March 15, 2023, all such equity incentive grants terminate unvested and are no longer outstanding
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000095017022018440/clsk-20220912.htm) in full (11,501 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 8-K filed 2022-09-14
Quote: “If the Shareholder Approval has not been obtained by March 15, 2023, all such equity incentive grants shall terminate unvested and shall no longer be outstanding”
confirms CleanSpark DEF 14A filed 2024-01-26
Quote: “On March 8, 2023, our stockholders approved an amendment to the 2017 Incentive Plan to (i) increase the number of shares authorized”
confirms CleanSpark 10-Q filed 2023-08-09
Quote: “were effectively granted upon shareholder approval of an increase in the number of shares available under the Company’s equity incentive plan in March 2023”