Daniel R. Herzog - 16 Nov 2021 Form 4 Insider Report for Clearfield, Inc. (CLFD)

Role: Chief Financial Officer
Signature: Taylor Keup by Power of Attorney for Daniel Herzog
Issuer symbol: CLFD
Transactions as of: 16 Nov 2021
Net transactions value: -$13,695
Form type: 4
Filing time: 18 Nov 2021, 16:15:17 UTC
Previous filing: 23 Aug 2021
Next filing: 03 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLFD	Common Stock	Tax liability	$13,695	-206	-0.53%	$66.48	38,823	16 Nov 2021	Direct	F1
transaction	CLFD	Restricted Stock	Award	$0	+1,121	+2.9%	$0.000000	39,944	16 Nov 2021	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CLFD	Option to Purchase Common Stock	Award	$0	+5,837	+17%	$0.000000	39,632	16 Nov 2021	Common Stock	5,837	$66.48	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Payment of taxes by withholding shares on vesting the first 1/3 of restricted stock that was granted on November 16, 2020.
F2	The restricted stock vests as to one-third of the shares on the first three anniversaries of the date of grant subject to the reporting person's continued employment through each such date.
F3	The stock option vests as to one-third of the options on the first three anniversaries of the date of grant subject to the reporting person's continued employment through each such date.