Schultz FY2021 market cap RSU grant (higher threshold)
Company: CleanSpark
What the later record shows
The date slipped
The 2023 proxy says the 200,000 RSU grant tied to the higher market-cap targets for Schultz was not earned in fiscal 2021.
“an additional cash bonus of $400,000 and the grant of an aggregate of 200,000 restricted stock units based on certain additional Company market capitalization targets, which was not earned in fiscal 2021”
2023-01-22 · CleanSpark DEF 14A filed 2023-01-23 View cached copy (2026-09-13)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Schultz is entitled to a grant of 200,000 restricted stock units if the Company achieves certain additional market capitalization targets for fiscal year 2021.
Source (primary)
CleanSpark 8-K filed 2021-04-16 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the grant of an aggregate of 200,000 restricted stock units based on certain additional Company market capitalization targets”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K states that for fiscal year 2021 Schultz is entitled to a $400,000 cash bonus and 200,000 restricted stock units based on certain additional market capitalization targets, which covers every part of the claim.
Confirmed in the source:
- S. Matthew Schultz's amended employment agreement entitles him to a grant of an aggregate of 200,000 restricted stock units
- The 200,000 RSU grant is conditioned on CleanSpark achieving certain additional market capitalization targets
- The entitlement applies to the fiscal year ended September 30, 2021
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000166357721000188/clsk8k.htm) in full (8,854 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 8-K filed 2021-04-16
Quote: “the grant of an aggregate of 200,000 restricted stock units based on certain additional Company market capitalization targets”
delays CleanSpark DEF 14A filed 2023-01-23
Quote: “an additional cash bonus of $400,000 and the grant of an aggregate of 200,000 restricted stock units based on certain additional Company market capitalization targets, which was not earned in fiscal 2021”