John P. Hill - Aug 8, 2022 Form 4 Insider Report for Clearfield, Inc. (CLFD)

Role: Chief Operating Officer
Signature: Taylor Keup by Power of Attorney for John P. Hill
Stock symbol: CLFD
Transactions as of: Aug 8, 2022
Transactions value $: -$3,579,455
Form type: 4
Date filed: 8/10/2022, 05:56 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	+11.86%	$12.17	189K	Aug 8, 2022	Direct	F1
transaction	CLFD	Common Stock	Tax liability	-$1.23M	-10.9K	-5.8%	$112.38	178K	Aug 8, 2022	Direct
transaction	CLFD	Common Stock	Options Exercise	$199K	+16K	+9%	$12.43	194K	Aug 8, 2022	Direct
transaction	CLFD	Common Stock	Tax liability	-$986K	-8.77K	-4.53%	$112.38	185K	Aug 8, 2022	Direct
transaction	CLFD	Common Stock	Sale	-$1.81M	-16.3K	-8.81%	$110.91	169K	Aug 9, 2022	Direct	F2

Showing 1 to 5 of 5 entries

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	F3
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	F4

* 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 11/14/2022.
F2	The price in column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $110.50 to $111.06
F3	The stock option exercised vested in 1/3rd increments beginning 11/14/2019 through 11/14/2021.
F4	The stock option exercised vested in 1/5th increments beginning 11/13/2020 through 11/13/2024.