Judith S. Schrecker - Apr 1, 2022 Form 4 Insider Report for ClearSign Technologies Corp (CLIR)

Role: Director
Signature: /s/ Judith S. Schrecker
Stock symbol: CLIR
Transactions as of: Apr 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 4/4/2022, 06:28 PM
Previous filing: Jan 5, 2022
Next filing: Jul 6, 2022

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	CLIR	Restricted Stock Units	Award	$0	+13.6K		$0.00	13.6K	Apr 1, 2022	Common Stock	13.6K		Direct	F1, F2
holding	CLIR	Restricted Stock Units						15.5K	Apr 1, 2022	Common Stock	15.5K		Direct	F2, F3
holding	CLIR	Restricted Stock Units						14K	Apr 1, 2022	Common Stock	14K		Direct	F2, F4
holding	CLIR	Restricted Stock Units						7.72K	Apr 1, 2022	Common Stock	7.72K		Direct	F2, F5
holding	CLIR	Restricted Stock Units						7.72K	Apr 1, 2022	Common Stock	7.72K		Direct	F2, F6
holding	CLIR	Options to Purchase Common Stock						17K	Apr 1, 2022	Common Stock	17K	$4.15	Direct

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

Explanation of Responses:

Id	Content
F1	As compensation for services as a non-executive director during the quarter ending June 30, 2022, the reporting person was granted restricted stock units ("RSUs") under the ClearSign Technologies Corporation 2021 Equity Incentive Plan and each RSU represents a right to receive one share of common stock or the cash equivalent thereof.
F2	The RSUs will vest upon the first to occur of: (1) a Change in Control (as defined in the applicable RSU award agreement), (2) the reporting person's Disability (as defined in the applicable RSU award agreement); (3) the reporting peron's death; or (4) the reporting person's separation from service.
F3	As compensation for services as a non-executive director during the quarter ended March 31, 2022, the reporting person was granted RSUs under the ClearSign Technologies Corporation 2021 Equity Incentive Plan and each RSU represents a right to receive one share of common stock or the cash equivalent thereof.
F4	As compensation for services as a non-executive director during the quarter ended December 31, 2021, the reporting person was granted RSUs under the ClearSign Technologies Corporation 2021 Equity Incentive Plan and each RSU represents a right to receive one share of common stock or the cash equivalent thereof.
F5	As compensation for services as a non-executive director during the quarter ended September 30, 2021, the reporting person was granted RSUs under the ClearSign Technologies Corporation 2021 Equity Incentive Plan and each RSU represents a right to receive one share of common stock or the cash equivalent thereof.
F6	As compensation for services as a non-executive director during the quarter ended June 30, 2021, the reporting person was granted RSUs under the ClearSign Technologies Corporation 2021 Equity Incentive Plan and each RSU represents a right to receive one share of common stock or the cash equivalent thereof.