Cheryl Beranek - Aug 8, 2022 Form 4 Insider Report for Clearfield, Inc. (CLFD)

Role
Chief Executive Officer, Director
Signature
Taylor Keup by Power of Attorney for Cheryl Beranek
Stock symbol
CLFD
Transactions as of
Aug 8, 2022
Transactions value $
-$3,577,175
Form type
4
Date filed
8/10/2022, 05:37 PM
Previous filing
Jul 5, 2022
Next filing
Aug 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLFD Common Stock Options Exercise $243K +20K +4.62% $12.17 453K Aug 8, 2022 Direct F1
transaction CLFD Common Stock Tax liability -$1.23M -10.9K -2.41% $112.38 442K Aug 8, 2022 Direct
transaction CLFD Common Stock Options Exercise $199K +16K +3.62% $12.43 458K Aug 8, 2022 Direct
transaction CLFD Common Stock Tax liability -$986K -8.77K -1.91% $112.38 450K Aug 8, 2022 Direct
transaction CLFD Common Stock Sale -$1.8M -16.3K -3.62% $110.77 433K Aug 9, 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 -20K -23.1% $0.00 66.6K Aug 8, 2022 Common Stock 20K $12.17 Direct F2
transaction CLFD Employee Stock Option (Right to buy) Options Exercise $0 -16K -24.03% $0.00 50.6K Aug 8, 2022 Common Stock 16K $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.