Cheryl Beranek - 08 Aug 2022 Form 4 Insider Report for Clearfield, Inc. (CLFD)

Role
Chief Executive Officer, Director
Signature
Taylor Keup by Power of Attorney for Cheryl Beranek
Issuer symbol
CLFD
Transactions as of
08 Aug 2022
Net transactions value
-$3,577,175
Form type
4
Filing time
10 Aug 2022, 17:37:33 UTC
Previous filing
05 Jul 2022
Next filing
24 Aug 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 Options Exercise $243,400 +20,000 +4.6% $12.17 453,240 08 Aug 2022 Direct F1
transaction CLFD Common Stock Tax liability $1,229,437 -10,940 -2.4% $112.38 442,300 08 Aug 2022 Direct
transaction CLFD Common Stock Options Exercise $198,880 +16,000 +3.6% $12.43 458,300 08 Aug 2022 Direct
transaction CLFD Common Stock Tax liability $985,685 -8,771 -1.9% $112.38 449,529 08 Aug 2022 Direct
transaction CLFD Common Stock Sale $1,804,333 -16,289 -3.6% $110.77 433,240 09 Aug 2022 Direct F4

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 Employee Stock Option (Right to buy) Options Exercise $0 -20,000 -23% $0.000000 66,573 08 Aug 2022 Common Stock 20,000 $12.17 Direct F2
transaction CLFD Employee Stock Option (Right to buy) Options Exercise $0 -16,000 -24% $0.000000 50,573 08 Aug 2022 Common Stock 16,000 $12.43 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Exercised as options were set to expire on November 14, 2022.
F2 The stock option exercised vested in 1/3rd increments beginning 11/14/2019 through 11/14/2021.
F3 The stock option exercised vested in 1/5th increments beginning 11/13/2020 through 11/13/2024.
F4 The price in column 4 is the weighted average price. The shares were sold in multiple transactions at prices ranging from $109.90 to $111.88.