Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-14

CleanSpark (CLSK)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$48,754,996
Zachary K. Bradford total, FY2025
Former CEO & Presidenthighest-paid officer; CEO S. Matthew Schultz: $44,901,507
87th
CEO (S. Matthew Schultz) pay percentile vs peers
492:1
CEO-to-median pay ratio
76.14%
Say-on-pay support, latest vote
Companies that benchmark against CLSK
6 companies name CLSK as a compensation peer

Each company listed discloses CLSK in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named CLSK in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Zachary K. Bradford$1,766,855$4,916,333$17,407,888$0$0$0$24,663,920$48,754,996
Former CEO & President
S. Matthew Schultz862,9175,533,33337,098,6370001,406,62044,901,507
CEO & Chairman
Gary A. Vecchiarelli521,6671,383,33314,015,116000224,59516,144,711
CFO & President
Taylor Monnig554,167900,00010,155,76200033,92811,643,857
CTO/COO
Scott E. Garrison554,167900,00010,155,76200033,90511,643,834
CDO & EVP

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Zachary K. Bradford$48,754,996$15,441,582$6,975,812+33,313,414
S. Matthew Schultz44,901,50713,897,9216,278,738+31,003,586
Gary A. Vecchiarelli16,144,7112,021,5343,131,233+14,123,177
Taylor Monnig11,643,8572,488,094+9,155,763
Scott E. Garrison11,643,8342,938,089+8,705,745

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Gary A. VecchiarelliPresident, CFO2026-02-13A1,606$0$0CommonForm 4 ↗
S. Matthew SchultzDirector2026-02-13A20,52500CommonForm 4 ↗
Taylor MonnigCTO, COO2026-02-13D17,7579164,313CommonForm 4 ↗
Brian Jay CarsonChief Accounting Officer2026-02-13D16,37500Derivative, Class A CommonForm 4 ↗
Brian Jay CarsonChief Accounting Officer2026-02-13D6,444959,629CommonForm 4 ↗
Taylor MonnigCTO, COO2026-02-13A45,12500CommonForm 4 ↗
Taylor MonnigCTO, COO2026-02-13D21191,948CommonForm 4 ↗
Dividend-equivalent accruals2026-02-132,1412 insiders, 2 accrual rows
Scott E. GarrisonEVP, Chief Development Officer2026-02-13D2,67700Derivative, Class A CommonForm 4 ↗
S. Matthew SchultzDirector2026-02-13D95,0959879,952CommonForm 4 ↗
Scott E. GarrisonEVP, Chief Development Officer2026-02-13D20,0999185,984CommonForm 4 ↗
Scott E. GarrisonEVP, Chief Development Officer2026-02-13A2,67700CommonForm 4 ↗
Scott E. GarrisonEVP, Chief Development Officer2026-02-13A45,12500CommonForm 4 ↗
Taylor MonnigCTO, COO2026-02-13D45,12500Derivative, Class A CommonForm 4 ↗
Gary A. VecchiarelliPresident, CFO2026-02-13A69,62500CommonForm 4 ↗
Taylor MonnigCTO, COO2026-02-13A53500CommonForm 4 ↗
Gary A. VecchiarelliPresident, CFO2026-02-13D27,3979253,515CommonForm 4 ↗
Gary A. VecchiarelliPresident, CFO2026-02-13D69,62500Derivative, Class A CommonForm 4 ↗
Brian Jay CarsonChief Accounting Officer2026-02-13A16,37500CommonForm 4 ↗
S. Matthew SchultzDirector2026-02-13D216,12500Derivative, Class A CommonForm 4 ↗
S. Matthew SchultzDirector2026-02-13D9,031983,385CommonForm 4 ↗
S. Matthew SchultzDirector2026-02-13A216,12500CommonForm 4 ↗
Gary A. VecchiarelliPresident, CFO2026-02-13D63295,835CommonForm 4 ↗
Scott E. GarrisonEVP, Chief Development Officer2026-02-13D45,12500Derivative, Class A CommonForm 4 ↗
Scott E. GarrisonEVP, Chief Development Officer2026-02-13D1,192911,006CommonForm 4 ↗
S. Matthew SchultzDirector2026-02-13D20,52500Derivative, Class A CommonForm 4 ↗
Amanda CavaleriDirector2026-03-09A7,35300CommonForm 4 ↗
Roger P. BeynonDirector2026-03-09A7,35300CommonForm 4 ↗
Dr. Thomas L. WoodDirector2026-03-09A7,35300CommonForm 4 ↗
Dr. Thomas L. WoodDirector2026-03-09D7,35300Derivative, Class A CommonForm 4 ↗
Larry McNeillDirector2026-03-09A7,35300CommonForm 4 ↗
Larry McNeillDirector2026-03-09A31,22000Derivative, Class A CommonForm 4 ↗
Roger P. BeynonDirector2026-03-09D7,35300Derivative, Class A CommonForm 4 ↗
Amanda CavaleriDirector2026-03-09D7,35300Derivative, Class A CommonForm 4 ↗
Amanda CavaleriDirector2026-03-09A31,22000Derivative, Class A CommonForm 4 ↗
Roger P. BeynonDirector2026-03-09A31,22000Derivative, Class A CommonForm 4 ↗
Dr. Thomas L. WoodDirector2026-03-09A31,22000Derivative, Class A CommonForm 4 ↗
Larry McNeillDirector2026-03-09D7,35300Derivative, Class A CommonForm 4 ↗
Taylor MonnigCTO, COO2026-03-20A280,00000Derivative, Class A CommonForm 4 ↗
Gary A. VecchiarelliPresident, CFO2026-03-20A300,00000Derivative, Class A CommonForm 4 ↗
Gary A. VecchiarelliPresident, CFO2026-03-20A1,202,50000Derivative, Class A CommonForm 4 ↗
Taylor MonnigCTO, COO2026-03-20A830,50000Derivative, Class A CommonForm 4 ↗
Brian Jay CarsonChief Accounting Officer2026-03-20A75,00000Derivative, Class A CommonForm 4 ↗
Brian Jay CarsonChief Accounting Officer2026-03-20A100,00000Derivative, Class A CommonForm 4 ↗
S. Matthew SchultzDirector2026-03-20A640,00000Derivative, Class A CommonForm 4 ↗
S. Matthew SchultzDirector2026-03-20A480,00000Derivative, Class A CommonForm 4 ↗
Gary A. VecchiarelliPresident, CFO2026-03-20A400,00000Derivative, Class A CommonForm 4 ↗
Scott E. GarrisonEVP, Chief Development Officer2026-03-20A120,00000Derivative, Class A CommonForm 4 ↗
S. Matthew SchultzDirector2026-03-20A1,816,00000Derivative, Class A CommonForm 4 ↗
Taylor MonnigCTO, COO2026-03-20A210,00000Derivative, Class A CommonForm 4 ↗
Scott E. GarrisonEVP, Chief Development Officer2026-03-20A160,00000Derivative, Class A CommonForm 4 ↗
S. Matthew SchultzDirector2026-05-13A20,52500CommonForm 4 ↗
Gary A. VecchiarelliPresident, CFO2026-05-13D632148,836CommonForm 4 ↗
S. Matthew SchultzDirector2026-05-13D20,52500Derivative, Class A CommonForm 4 ↗
Dividend-equivalent accruals2026-05-132,1412 insiders, 2 accrual rows
S. Matthew SchultzDirector2026-05-13D9,03114126,260CommonForm 4 ↗
Scott E. GarrisonEVP, Chief Development Officer2026-05-13D2,67700Derivative, Class A CommonForm 4 ↗
Taylor MonnigCTO, COO2026-05-13D211142,950CommonForm 4 ↗
Taylor MonnigCTO, COO2026-05-13A53500CommonForm 4 ↗
Gary A. VecchiarelliPresident, CFO2026-05-13A1,60600CommonForm 4 ↗
Scott E. GarrisonEVP, Chief Development Officer2026-05-13D1,1921416,665CommonForm 4 ↗
Scott E. GarrisonEVP, Chief Development Officer2026-05-13A2,67700CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 64 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Gary A. VecchiarelliPresident, CFO2026-02-13A1,606$0$0CommonForm 4 ↗
S. Matthew SchultzDirector2026-02-13A20,52500CommonForm 4 ↗
Taylor MonnigCTO, COO2026-02-13D17,7579164,313CommonForm 4 ↗
Brian Jay CarsonChief Accounting Officer2026-02-13D16,37500Derivative, Class A CommonForm 4 ↗
Brian Jay CarsonChief Accounting Officer2026-02-13D6,444959,629CommonForm 4 ↗
Taylor MonnigCTO, COO2026-02-13A45,12500CommonForm 4 ↗
Taylor MonnigCTO, COO2026-02-13D21191,948CommonForm 4 ↗
Taylor MonnigCTO, COO2026-02-13D53500Derivative, Class A CommonForm 4 ↗
Scott E. GarrisonEVP, Chief Development Officer2026-02-13D2,67700Derivative, Class A CommonForm 4 ↗
S. Matthew SchultzDirector2026-02-13D95,0959879,952CommonForm 4 ↗
Scott E. GarrisonEVP, Chief Development Officer2026-02-13D20,0999185,984CommonForm 4 ↗
Scott E. GarrisonEVP, Chief Development Officer2026-02-13A2,67700CommonForm 4 ↗
Scott E. GarrisonEVP, Chief Development Officer2026-02-13A45,12500CommonForm 4 ↗
Taylor MonnigCTO, COO2026-02-13D45,12500Derivative, Class A CommonForm 4 ↗
Gary A. VecchiarelliPresident, CFO2026-02-13A69,62500CommonForm 4 ↗
Taylor MonnigCTO, COO2026-02-13A53500CommonForm 4 ↗
Gary A. VecchiarelliPresident, CFO2026-02-13D27,3979253,515CommonForm 4 ↗
Gary A. VecchiarelliPresident, CFO2026-02-13D69,62500Derivative, Class A CommonForm 4 ↗
Gary A. VecchiarelliPresident, CFO2026-02-13D1,60600Derivative, Class A CommonForm 4 ↗
Brian Jay CarsonChief Accounting Officer2026-02-13A16,37500CommonForm 4 ↗
S. Matthew SchultzDirector2026-02-13D216,12500Derivative, Class A CommonForm 4 ↗
S. Matthew SchultzDirector2026-02-13D9,031983,385CommonForm 4 ↗
S. Matthew SchultzDirector2026-02-13A216,12500CommonForm 4 ↗
Gary A. VecchiarelliPresident, CFO2026-02-13D63295,835CommonForm 4 ↗
Scott E. GarrisonEVP, Chief Development Officer2026-02-13D45,12500Derivative, Class A CommonForm 4 ↗
Scott E. GarrisonEVP, Chief Development Officer2026-02-13D1,192911,006CommonForm 4 ↗
S. Matthew SchultzDirector2026-02-13D20,52500Derivative, Class A CommonForm 4 ↗
Amanda CavaleriDirector2026-03-09A7,35300CommonForm 4 ↗
Roger P. BeynonDirector2026-03-09A7,35300CommonForm 4 ↗
Dr. Thomas L. WoodDirector2026-03-09A7,35300CommonForm 4 ↗
Dr. Thomas L. WoodDirector2026-03-09D7,35300Derivative, Class A CommonForm 4 ↗
Larry McNeillDirector2026-03-09A7,35300CommonForm 4 ↗
Larry McNeillDirector2026-03-09A31,22000Derivative, Class A CommonForm 4 ↗
Roger P. BeynonDirector2026-03-09D7,35300Derivative, Class A CommonForm 4 ↗
Amanda CavaleriDirector2026-03-09D7,35300Derivative, Class A CommonForm 4 ↗
Amanda CavaleriDirector2026-03-09A31,22000Derivative, Class A CommonForm 4 ↗
Roger P. BeynonDirector2026-03-09A31,22000Derivative, Class A CommonForm 4 ↗
Dr. Thomas L. WoodDirector2026-03-09A31,22000Derivative, Class A CommonForm 4 ↗
Larry McNeillDirector2026-03-09D7,35300Derivative, Class A CommonForm 4 ↗
Taylor MonnigCTO, COO2026-03-20A280,00000Derivative, Class A CommonForm 4 ↗
Gary A. VecchiarelliPresident, CFO2026-03-20A300,00000Derivative, Class A CommonForm 4 ↗
Gary A. VecchiarelliPresident, CFO2026-03-20A1,202,50000Derivative, Class A CommonForm 4 ↗
Taylor MonnigCTO, COO2026-03-20A830,50000Derivative, Class A CommonForm 4 ↗
Brian Jay CarsonChief Accounting Officer2026-03-20A75,00000Derivative, Class A CommonForm 4 ↗
Brian Jay CarsonChief Accounting Officer2026-03-20A100,00000Derivative, Class A CommonForm 4 ↗
S. Matthew SchultzDirector2026-03-20A640,00000Derivative, Class A CommonForm 4 ↗
S. Matthew SchultzDirector2026-03-20A480,00000Derivative, Class A CommonForm 4 ↗
Gary A. VecchiarelliPresident, CFO2026-03-20A400,00000Derivative, Class A CommonForm 4 ↗
Scott E. GarrisonEVP, Chief Development Officer2026-03-20A120,00000Derivative, Class A CommonForm 4 ↗
S. Matthew SchultzDirector2026-03-20A1,816,00000Derivative, Class A CommonForm 4 ↗
Taylor MonnigCTO, COO2026-03-20A210,00000Derivative, Class A CommonForm 4 ↗
Scott E. GarrisonEVP, Chief Development Officer2026-03-20A160,00000Derivative, Class A CommonForm 4 ↗
S. Matthew SchultzDirector2026-05-13A20,52500CommonForm 4 ↗
Gary A. VecchiarelliPresident, CFO2026-05-13D632148,836CommonForm 4 ↗
S. Matthew SchultzDirector2026-05-13D20,52500Derivative, Class A CommonForm 4 ↗
Gary A. VecchiarelliPresident, CFO2026-05-13D1,60600Derivative, Class A CommonForm 4 ↗
S. Matthew SchultzDirector2026-05-13D9,03114126,260CommonForm 4 ↗
Scott E. GarrisonEVP, Chief Development Officer2026-05-13D2,67700Derivative, Class A CommonForm 4 ↗
Taylor MonnigCTO, COO2026-05-13D211142,950CommonForm 4 ↗
Taylor MonnigCTO, COO2026-05-13A53500CommonForm 4 ↗
Gary A. VecchiarelliPresident, CFO2026-05-13A1,60600CommonForm 4 ↗
Scott E. GarrisonEVP, Chief Development Officer2026-05-13D1,1921416,665CommonForm 4 ↗
Taylor MonnigCTO, COO2026-05-13D53500Derivative, Class A CommonForm 4 ↗
Scott E. GarrisonEVP, Chief Development Officer2026-05-13A2,67700CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Scott E. GarrisonRSU2025-09-04396,476$3,600,002
Zachary K. BradfordRSU2025-08-101,728,68817,407,888
Gary A. VecchiarelliRSU2025-09-04557,0005,057,560
Gary A. VecchiarelliRSU2025-09-04429,5153,899,996
Taylor MonnigRSU2025-09-04396,4763,600,002
S. Matthew SchultzRSU2025-09-041,729,00015,699,320
Scott E. GarrisonRSU2025-09-04361,0003,277,880
Taylor MonnigRSU2025-09-04361,0003,277,880
S. Matthew SchultzRSU2025-09-04627,7535,699,997
Scott E. GarrisonRSU2025-09-04361,0003,277,880
S. Matthew SchultzRSU2025-09-041,729,00015,699,320
Taylor MonnigRSU2025-09-04361,0003,277,880
Gary A. VecchiarelliRSU2025-09-04557,0005,057,560
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Scott E. Garrison$10,155,762$0$00.0%
Zachary K. Bradford17,407,888000.0%
Gary A. Vecchiarelli14,015,116000.0%
Taylor Monnig10,155,762000.0%
S. Matthew Schultz37,098,637000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
S. Matthew SchultzOption400,00023
Scott E. GarrisonRSU24,090349,305
Taylor MonnigRSU125,2061,327,571
S. Matthew SchultzRSU898,8248,784,358
Gary A. VecchiarelliRSU184,0681,740,130
Scott E. GarrisonRSU131,6301,393,180
Taylor MonnigRSU4,81869,861
Zachary K. BradfordOption500,00023
S. Matthew SchultzRSU184,7222,678,469
Scott E. GarrisonRSU270,7503,925,875
Scott E. GarrisonRSU33,350483,575
Taylor MonnigRSU361,0005,234,500
Taylor MonnigRSU270,7503,925,875
Gary A. VecchiarelliRSU429,5156,227,968
Gary A. VecchiarelliRSU557,0008,076,500
Scott E. GarrisonOption6,9456
Scott E. GarrisonOption45,00015.69
Taylor MonnigOption15,0005.98
Zachary K. BradfordRSU864,34412,532,988
Gary A. VecchiarelliRSU14,454209,583
Gary A. VecchiarelliRSU417,7506,057,375
Scott E. GarrisonRSU361,0005,234,500
Taylor MonnigOption6,9456
Taylor MonnigRSU33,350483,575
Taylor MonnigRSU396,4765,748,902
Zachary K. BradfordRSU1,635,54316,167,703
S. Matthew SchultzRSU1,296,75018,802,875
Scott E. GarrisonRSU396,4765,748,902
S. Matthew SchultzRSU627,7539,102,419
S. Matthew SchultzRSU1,729,00025,070,500
05

Incentive-plan design — the Compensation Discussion & Analysis

Performance-focused: Motivate delivery of the highest level of performance over short- to long-term horizons by making a substantial percentage of total compensation at-risk based on Company and individual performance. We strive to ensure that executives are not only managing current operations efficiently, but also are planning and acting for CleanSpark s future success

CEO STI target (% of salary)200%
CEO LTI target (% of salary)
Independent consultantCompensia Inc.
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-03-03109,349,90734,273,0721,927,71376.14%Passed
20232023-03-0883,190,44515,658,878394,72084.16%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20252025-03-0376.14%a
20232023-03-0884.16%b

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes, if any, will not affect the outcome of the vote on this proposal.”.

b. Approved under the standard stated in the filing — “With regard to Proposal 3, Proposal 4, and Proposal 5, abstentions will have no effect on the outcome of such proposals.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)492 : 1
CEO total compensation$44,901,507
Median employee compensation$91,263
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Larry McNeillIndependent · Lead Independent Director · Audit · Compensation · Nominating/Governance$190,000$452,210$0$0$0$642,210
Dr. Thomas L. WoodIndependent · Audit · Compensation (Chair) · Nominating/Governance (Chair)185,000452,210000637,210
Roger P. BeynonIndependent · Audit (Chair)145,000452,210000597,210
Amanda CavaleriIndependent · Nominating/Governance135,000452,210000587,210
S. Matthew SchultzEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$120,000
Annual equity retainer$200,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 25,000 / 25,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$655,000
Equity awards (grant-date value)$1,808,840
All other compensation$0
Total cost of the board$2,463,840

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies CleanSpark names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including CleanSpark.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Hut 82025Asher Genoot$550,000$238,248,457$0$0$239,909,042
2IREN Limited2025William Roberts964,35069,695,74401,968,00072,647,744
3CleanSpark2025S. Matthew Schultz862,91737,098,6370044,901,507
4TeraWulf2025Paul Prager1,000,37223,151,0000039,411,005
5Applied Digital2025Wes Cummins706,25125,462,0000027,708,092
6Virtu Financial2025Aaron Simons850,0006,246,62501,065,25016,727,125
7Cipher Mining2025Rodney Tyler Page825,00012,479,6230014,968,623
8MicroStrategy2025Phong Le1,100,0008,796,8642,376,459013,784,204
9Shift4 Payments2025Taylor Lauber454,42311,120,0000600,00012,211,164
10Rambus2025Luc Seraphin726,2507,898,0720869,6529,507,546
11Galaxy Digital Holdings2025Michael Novogratz500,0001,102,2653,078,08607,651,727
12Altair Engineering2023James Scapa860,0002,477,2203,185,160610,0007,318,992
13MarketAxess Holdings2025Christopher Concannon750,0003,599,8811,208,6461,525,0007,101,027
14Riot Platforms2025Jason Les1,584,337001,827,5813,460,222
15Robinhood Markets2025Vladimir Tenev34,2480003,004,978
HIVE Digital Technologiesnot in coverage universe
Core Scientificnot in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
CleanSpark647%RSU 60 · PSU 40NoCompensia Inc.
Altair Engineering100%Options 56 · RSU 44not disclosedCompensia
Applied Digitalnot disclosednot disclosedNoCompensia, Inc.
Cipher Mining200%RSU 50 · PSU 50Yes — Relative TSR vs S&P Americas SmallCap Software & Services IndexSemler Brossy
Core Scientificnot disclosednot disclosednot disclosednot disclosed
Galaxy Digital Holdingsnot disclosedRSU 100not disclosedSemler Brossy
HIVE Digital Technologiesnot disclosednot disclosednot disclosednot disclosed
Hut 8200%PSU 100NoCompensia, Inc.
IREN Limited200%PSU 67 · RSU 33Yes — Relative TSR vs NQUSS IndexFW Cook
MarketAxess Holdings86%PSU 50 · RSU 25 · Options 25NoFW Cook
MicroStrategy95%Options 40 · PSU 40 · RSU 20Yes — Total Stockholder Return (TSR)Willis Towers Watson US LLC
Rambus98.6%PSU 60 · RSU 40Yes — TSR relative to SOX semiconductor index minus Equipment CompaniesFarient Advisors LLC
Riot Platforms125%RSU 50 · PSU 50Yes — TSR relative to RUSSELL 3000 IndexCompensia Inc.
Robinhood Markets177.3%RSU 100not disclosedPay Governance
Shift4 Payments100%RSU 100NoSemler Brossy
TeraWulfnot disclosednot disclosedNoLyons, Benenson & Company Inc.
Virtu Financial200%RSU 100Nonot disclosed

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Zachary K. BradfordDEF 14A2026-01-220001193125-26-019447Section “SUMMARY COMPENSATION TABLE*” · page 45. As printed: 48,754,996. Filing ↗machine: t84 · r13 · c13 · span 1329999–1330009
2Section 01, S. Matthew SchultzDEF 14A2026-01-220001193125-26-019447Section “SUMMARY COMPENSATION TABLE*” · page 45. As printed: 44,901,507. Filing ↗machine: t84 · r3 · c13 · span 1267847–1267857
3Section 01, Gary A. VecchiarelliDEF 14A2026-01-220001193125-26-019447Section “SUMMARY COMPENSATION TABLE*” · page 45. As printed: 16,144,711. Filing ↗machine: t84 · r6 · c13 · span 1286334–1286344
4Section 01, Taylor MonnigDEF 14A2026-01-220001193125-26-019447Section “Summary Compensation Table” · page 45. As printed: 11,643,857. Filing ↗machine: t24 · r13 · c21 · span 478551–478561
5Section 01, Scott E. GarrisonDEF 14A2026-01-220001193125-26-019447Section “SUMMARY COMPENSATION TABLE*” · page 45. As printed: 11,643,834. Filing ↗machine: t84 · r9 · c13 · span 1304810–1304820
6Section 03, Scott E. Garrison RSUDEF 14A2026-01-220001193125-26-019447Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t86 · r11 · c4 · span 1385844–1385851
7Section 03, Zachary K. Bradford RSUDEF 14A2026-01-220001193125-26-019447Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t79 · r16 · c2 · span 1176252–1176261
8Section 03, Gary A. Vecchiarelli RSUDEF 14A2026-01-220001193125-26-019447Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t79 · r7 · c4 · span 1150847–1150854
9Section 03, Gary A. Vecchiarelli RSUDEF 14A2026-01-220001193125-26-019447Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t86 · r8 · c4 · span 1377582–1377589
10Section 03, Taylor Monnig RSUDEF 14A2026-01-220001193125-26-019447Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t86 · r14 · c4 · span 1394138–1394145
11Section 03, S. Matthew Schultz RSUDEF 14A2026-01-220001193125-26-019447Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t79 · r4 · c4 · span 1142170–1142179
12Section 03, Scott E. Garrison RSUDEF 14A2026-01-220001193125-26-019447Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t79 · r10 · c4 · span 1159519–1159526
13Section 03, Taylor Monnig RSUDEF 14A2026-01-220001193125-26-019447Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t79 · r13 · c4 · span 1168187–1168194
14Section 03, S. Matthew Schultz RSUDEF 14A2026-01-220001193125-26-019447Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t86 · r5 · c4 · span 1369314–1369321
15Section 03, Scott E. Garrison RSUDEF 14A2026-01-220001193125-26-019447Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t79 · r10 · c4 · span 1159519–1159526
16Section 03, S. Matthew Schultz RSUDEF 14A2026-01-220001193125-26-019447Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t79 · r4 · c4 · span 1142170–1142179
17Section 03, Taylor Monnig RSUDEF 14A2026-01-220001193125-26-019447Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t79 · r13 · c4 · span 1168187–1168194
18Section 03, Gary A. Vecchiarelli RSUDEF 14A2026-01-220001193125-26-019447Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t79 · r7 · c4 · span 1150847–1150854
19Section 07, pay ratioDEF 14A2026-01-220001193125-26-019447Section “CEO Pay Ratio”. As printed: 492 : 1. Filing ↗machine: span 1657681–1657686
20Section 08, Larry McNeillDEF 14A2026-01-220001193125-26-019447Section “Director Compensation”. As printed: 642,210. Filing ↗machine: t57 · r3 · c6 · span 865741–865748
21Section 08, Dr. Thomas L. WoodDEF 14A2026-01-220001193125-26-019447Section “Director Compensation”. As printed: 637,210. Filing ↗machine: t57 · r5 · c6 · span 872052–872059
22Section 08, Roger P. BeynonDEF 14A2026-01-220001193125-26-019447Section “Director Compensation”. As printed: 597,210. Filing ↗machine: t57 · r4 · c6 · span 868895–868902
23Section 08, Amanda CavaleriDEF 14A2026-01-220001193125-26-019447Section “Director Compensation”. As printed: 587,210. Filing ↗machine: t57 · r6 · c6 · span 875206–875213
24Section 08, S. Matthew SchultzDEF 14A2026-01-220001193125-26-019447Section “Director Compensation”. As printed: 0. Filing ↗
25Section 02, Gary A. Vecchiarelli 2026-02-13Form 42026-02-180001193125-26-057839Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, S. Matthew Schultz 2026-02-13Form 42026-02-180001193125-26-057834Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Taylor Monnig 2026-02-13Form 42026-02-180001193125-26-057849Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Brian Jay Carson 2026-02-13Form 42026-02-180001193125-26-057853Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Brian Jay Carson 2026-02-13Form 42026-02-180001193125-26-057853Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Taylor Monnig 2026-02-13Form 42026-02-180001193125-26-057849Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Taylor Monnig 2026-02-13Form 42026-02-180001193125-26-057849Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Taylor Monnig 2026-02-13Form 42026-02-180001193125-26-057849Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Scott E. Garrison 2026-02-13Form 42026-02-180001193125-26-057845Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, S. Matthew Schultz 2026-02-13Form 42026-02-180001193125-26-057834Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Scott E. Garrison 2026-02-13Form 42026-02-180001193125-26-057845Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Scott E. Garrison 2026-02-13Form 42026-02-180001193125-26-057845Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Scott E. Garrison 2026-02-13Form 42026-02-180001193125-26-057845Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Taylor Monnig 2026-02-13Form 42026-02-180001193125-26-057849Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Gary A. Vecchiarelli 2026-02-13Form 42026-02-180001193125-26-057839Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Taylor Monnig 2026-02-13Form 42026-02-180001193125-26-057849Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Gary A. Vecchiarelli 2026-02-13Form 42026-02-180001193125-26-057839Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Gary A. Vecchiarelli 2026-02-13Form 42026-02-180001193125-26-057839Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Gary A. Vecchiarelli 2026-02-13Form 42026-02-180001193125-26-057839Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Brian Jay Carson 2026-02-13Form 42026-02-180001193125-26-057853Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, S. Matthew Schultz 2026-02-13Form 42026-02-180001193125-26-057834Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, S. Matthew Schultz 2026-02-13Form 42026-02-180001193125-26-057834Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, S. Matthew Schultz 2026-02-13Form 42026-02-180001193125-26-057834Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Gary A. Vecchiarelli 2026-02-13Form 42026-02-180001193125-26-057839Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Scott E. Garrison 2026-02-13Form 42026-02-180001193125-26-057845Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Scott E. Garrison 2026-02-13Form 42026-02-180001193125-26-057845Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, S. Matthew Schultz 2026-02-13Form 42026-02-180001193125-26-057834Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Amanda Cavaleri 2026-03-09Form 42026-04-020001193125-26-140957Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Roger P. Beynon 2026-03-09Form 42026-04-020001193125-26-140956Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Dr. Thomas L. Wood 2026-03-09Form 42026-04-020001193125-26-140952Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Dr. Thomas L. Wood 2026-03-09Form 42026-04-020001193125-26-140952Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Larry McNeill 2026-03-09Form 42026-04-020001193125-26-140949Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Larry McNeill 2026-03-09Form 42026-04-020001193125-26-140949Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Roger P. Beynon 2026-03-09Form 42026-04-020001193125-26-140956Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Amanda Cavaleri 2026-03-09Form 42026-04-020001193125-26-140957Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Amanda Cavaleri 2026-03-09Form 42026-04-020001193125-26-140957Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Roger P. Beynon 2026-03-09Form 42026-04-020001193125-26-140956Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Dr. Thomas L. Wood 2026-03-09Form 42026-04-020001193125-26-140952Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Larry McNeill 2026-03-09Form 42026-04-020001193125-26-140949Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Taylor Monnig 2026-03-20Form 42026-03-240001193125-26-122453Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Gary A. Vecchiarelli 2026-03-20Form 42026-03-240001193125-26-122456Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, Gary A. Vecchiarelli 2026-03-20Form 42026-03-240001193125-26-122456Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Taylor Monnig 2026-03-20Form 42026-03-240001193125-26-122453Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Brian Jay Carson 2026-03-20Form 42026-03-240001193125-26-122445Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Brian Jay Carson 2026-03-20Form 42026-03-240001193125-26-122445Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, S. Matthew Schultz 2026-03-20Form 42026-03-240001193125-26-122459Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, S. Matthew Schultz 2026-03-20Form 42026-03-240001193125-26-122459Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, Gary A. Vecchiarelli 2026-03-20Form 42026-03-240001193125-26-122456Insider equity transaction reported since the proxy statement. Filing ↗
73Section 02, Scott E. Garrison 2026-03-20Form 42026-03-240001193125-26-122448Insider equity transaction reported since the proxy statement. Filing ↗
74Section 02, S. Matthew Schultz 2026-03-20Form 42026-03-240001193125-26-122459Insider equity transaction reported since the proxy statement. Filing ↗
75Section 02, Taylor Monnig 2026-03-20Form 42026-03-240001193125-26-122453Insider equity transaction reported since the proxy statement. Filing ↗
76Section 02, Scott E. Garrison 2026-03-20Form 42026-03-240001193125-26-122448Insider equity transaction reported since the proxy statement. Filing ↗
77Section 02, S. Matthew Schultz 2026-05-13Form 42026-05-140001193125-26-224791Insider equity transaction reported since the proxy statement. Filing ↗
78Section 02, Gary A. Vecchiarelli 2026-05-13Form 42026-05-140001193125-26-224798Insider equity transaction reported since the proxy statement. Filing ↗
79Section 02, S. Matthew Schultz 2026-05-13Form 42026-05-140001193125-26-224791Insider equity transaction reported since the proxy statement. Filing ↗
80Section 02, Gary A. Vecchiarelli 2026-05-13Form 42026-05-140001193125-26-224798Insider equity transaction reported since the proxy statement. Filing ↗
81Section 02, S. Matthew Schultz 2026-05-13Form 42026-05-140001193125-26-224791Insider equity transaction reported since the proxy statement. Filing ↗
82Section 02, Scott E. Garrison 2026-05-13Form 42026-05-140001193125-26-224804Insider equity transaction reported since the proxy statement. Filing ↗
83Section 02, Taylor Monnig 2026-05-13Form 42026-05-140001193125-26-224808Insider equity transaction reported since the proxy statement. Filing ↗
84Section 02, Taylor Monnig 2026-05-13Form 42026-05-140001193125-26-224808Insider equity transaction reported since the proxy statement. Filing ↗
85Section 02, Gary A. Vecchiarelli 2026-05-13Form 42026-05-140001193125-26-224798Insider equity transaction reported since the proxy statement. Filing ↗
86Section 02, Scott E. Garrison 2026-05-13Form 42026-05-140001193125-26-224804Insider equity transaction reported since the proxy statement. Filing ↗
87Section 02, Taylor Monnig 2026-05-13Form 42026-05-140001193125-26-224808Insider equity transaction reported since the proxy statement. Filing ↗
88Section 02, Scott E. Garrison 2026-05-13Form 42026-05-140001193125-26-224804Insider equity transaction reported since the proxy statement. Filing ↗
89Section 06, 2025 voteForm 8-K2025-03-040000950170-25-032063Item 5.07 · say-on-pay result. As reported: 76.14% (votes for as printed: 109,349,907). Filing ↗
90Section 06, 2023 voteForm 8-K2023-03-090000950170-23-007067Item 5.07 · say-on-pay result. As reported: 84.16% (votes for as printed: 83,190,445). Filing ↗
91Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
92Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
93Section 09b board cost (computed)ComputedcomputedCash 655,000 + equity 1,808,840 + all other 0 = 2,463,840, summed across the director compensation table rows.machine: formula: Σ = 2,463,840
94Hut 8, Section 10b CEO totalDEF 14A2026-04-280001104659-26-049711CEO total compensation as printed in Hut 8's own proxy. As printed: 239,909,042. Filing ↗machine: t138 · r7 · c14 · span 579029–579040
95IREN Limited, Section 10b CEO totalDEF 14A2025-10-060001140361-25-037383CEO total compensation as printed in IREN Limited's own proxy. As printed: 72,647,744. Filing ↗machine: t151 · r2 · c19 · span 512166–512176
96CleanSpark (subject), Section 10b CEO totalDEF 14A2026-01-220001193125-26-019447CEO total compensation as printed in CleanSpark's own proxy. As printed: 44,901,507. Filing ↗machine: t84 · r3 · c13 · span 1267847–1267857
97TeraWulf, Section 10b CEO totalDEF 14A2026-04-280001083301-26-000077CEO total compensation as printed in TeraWulf's own proxy. As printed: 39,411,005. Filing ↗machine: r2 · c36 · span 326156–326166
98Applied Digital, Section 10b CEO totalDEF 14A2025-09-220001493152-25-014495CEO total compensation as printed in Applied Digital's own proxy. As printed: 27,708,092. Filing ↗machine: span 356960–356970
99Virtu Financial, Section 10b CEO totalDEF 14A2026-04-290001104659-26-051774CEO total compensation as printed in Virtu Financial's own proxy. As printed: 16,727,125. Filing ↗machine: span 454007–454017
100Cipher Mining, Section 10b CEO totalDEF 14A2026-04-200001819989-26-000016CEO total compensation as printed in Cipher Mining's own proxy. As printed: 14,968,623. Filing ↗machine: r3 · c36 · span 547754–547764
101MicroStrategy, Section 10b CEO totalDEF 14A2026-04-280001193125-26-186895CEO total compensation as printed in MicroStrategy's own proxy. As printed: 13,784,204. Filing ↗machine: span 684288–684298
102Shift4 Payments, Section 10b CEO totalDEF 14A2026-04-300001193125-26-197191CEO total compensation as printed in Shift4 Payments's own proxy. As printed: 12,211,164. Filing ↗machine: t139 · r3 · c25 · span 493318–493328
103Rambus, Section 10b CEO totalDEF 14A2026-03-060001193125-26-096458CEO total compensation as printed in Rambus's own proxy. As printed: 9,507,546. Filing ↗machine: r2 · c25 · span 447500–447509
104Galaxy Digital Holdings, Section 10b CEO totalDEF 14A2026-04-080001859392-26-000037CEO total compensation as printed in Galaxy Digital Holdings's own proxy. As printed: 7,651,727. Filing ↗machine: r2 · c21 · span 372282–372291
105Altair Engineering, Section 10b CEO totalDEF 14A2024-04-050001193125-24-087903CEO total compensation as printed in Altair Engineering's own proxy. As printed: 7,318,992. Filing ↗machine: t99 · r3 · c27 · span 360042–360051
106MarketAxess Holdings, Section 10b CEO totalDEF 14A2026-04-290001193125-26-191601CEO total compensation as printed in MarketAxess Holdings's own proxy. As printed: 7,101,027. Filing ↗machine: t49 · r4 · c22 · span 1439393–1439402
107Riot Platforms, Section 10b CEO totalDEF 14A2026-04-300001104659-26-053098CEO total compensation as printed in Riot Platforms's own proxy. As printed: 3,460,222. Filing ↗machine: t177 · span 1400543–1400552
108Robinhood Markets, Section 10b CEO totalDEF 14A2026-04-220001783879-26-000053CEO total compensation as printed in Robinhood Markets's own proxy. As printed: 3,004,978. Filing ↗machine: span 1287261–1287270
109Section 10a, Rambus reciprocityDEF 14A0001193125-26-096458Rambus's most recent proxy was read; its disclosed peer group does not include CleanSpark. Filing ↗
110Section 10a, Robinhood Markets reciprocityDEF 14A0001783879-26-000053Robinhood Markets's most recent proxy was read; its disclosed peer group does not include CleanSpark. Filing ↗
111Section 10a, Altair Engineering reciprocityDEF 14A0001193125-24-087903Altair Engineering's most recent proxy was read; its disclosed peer group does not include CleanSpark. Filing ↗
112Section 10a, Hut 8 reciprocityDEF 14A0001104659-26-049711Hut 8 names CleanSpark in its own disclosed peer group (read from its most recent proxy). Filing ↗
113Section 10a, MarketAxess Holdings reciprocityDEF 14A0001193125-26-191601MarketAxess Holdings's most recent proxy was read; its disclosed peer group does not include CleanSpark. Filing ↗
114Section 10a, MicroStrategy reciprocityDEF 14A0001193125-26-186895MicroStrategy's most recent proxy was read; its disclosed peer group does not include CleanSpark. Filing ↗
115Section 10a, Cipher Mining reciprocityDEF 14A0001819989-26-000016Cipher Mining names CleanSpark in its own disclosed peer group (read from its most recent proxy). Filing ↗
116Section 10a, Applied Digital reciprocityDEF 14A0001493152-25-014495Applied Digital names CleanSpark in its own disclosed peer group (read from its most recent proxy). Filing ↗
117Section 10a, Riot Platforms reciprocityDEF 14A0001104659-26-053098Riot Platforms names CleanSpark in its own disclosed peer group (read from its most recent proxy). Filing ↗
118Section 10a, TeraWulf reciprocityDEF 14A0001083301-26-000077TeraWulf's most recent proxy was read; its disclosed peer group does not include CleanSpark. Filing ↗
119Section 10a, IREN Limited reciprocityDEF 14A0001140361-25-037383IREN Limited names CleanSpark in its own disclosed peer group (read from its most recent proxy). Filing ↗