Form 4 for CLIR ClearSign Technologies Corp
Accepted 2024-02-26 00:00:00 ET · period of report 2024-02-22 · accession 0001104659-24-027584 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-02-26 | 2024-02-22 | CLIR | Hinds Brent | CFO | A - Grant | $0.00 | +45.1K | 89.0K | +103% | $0 |
| D | 2024-02-26 | 2024-02-22 | CLIR | Hinds Brent | CFO | F - Tax | $1.06 | -16.5K | 72.4K | -19% | -$17.5K |
| DM | 2024-02-26 | 2024-02-22 | CLIR | Hinds Brent | CFO | A - Grant | $0.00 | +10.2K | 7,547 | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-02-22 | A | A | 45,075 | $0.00 | 88,951 | D | — | — | (F1) Represents a one-time bonus grant to the reporting person for services as an executive officer for the year ended December 31, 2023. The number of shares awarded is based on the closing price of the Company's common stock on February 22, 2024 of $1.06. |
| 2 | Common | Common Stock | 2024-02-22 | F | D | 16,520 | $1.06 | 72,431 | D | — | — | (F2) Represents the payment of the reporting person's tax liability by withholding shares incident to the receipt of the Company's common stock issued on February 22, 2024 based on the closing price of the Company's common stock on February 22, 2024 of $1.06. |
| 3 | Derivative | Restricted Stock Unit | 2024-02-22 | A | A | 2,627 | $0.00 | 2,627 | D | — · — to — | 2,627 Common Stock | (F5) Represents a one-time bonus performance-based RSU ("PRSUs") grant to the reporting person, and each PRSU represents a right to receive one share of common stock or the cash equivalent thereof. (F6) The PRSUs granted on February 22, 2024 will fully vest upon the achievement of certain performance targets established by the Company's compensation committee of the board of directors for the year ending December 31, 2024. If the reporting person does not achieve the established performance targets, which will be measured over the year ending December 31, 2024, the PRSUs will not vest and will be forfeited. |
| 4 | Derivative | Restricted Stock Unit | 2024-02-22 | A | A | 7,547 | $0.00 | 7,547 | D | — · — to — | 7,547 Common Stock | (F3) Represents a one-time bonus restricted stock unit ("RSUs") grant to reporting person for services as an executive officer for the year ended December 31, 2023, and each RSU represents a right to receive one share of common stock or the cash equivalent thereof. (F4) The RSUs granted on February 22, 2024 vest in three equal installments commencing on the first anniversary of the grant date. |