Gary J. DiElsi - 24 Aug 2022 Form 4 Insider Report for ClearSign Technologies Corp (CLIR)

Role: Director
Signature: /s/ Gary J. DiElsi
Issuer symbol: CLIR
Transactions as of: 24 Aug 2022
Net transactions value: $0
Form type: 4
Filing time: 25 Aug 2022, 18:33:08 UTC
Previous filing: 04 Aug 2022
Next filing: 04 Oct 2022
SEC: View on sec.gov

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	+11,067		$0.000000	11,067	24 Aug 2022	Common Stock	11,067		Direct	F1, F2

* 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 September 30, 2022, on August 24, 2022, the reporting person was granted restricted stock units ("RSUs") under the ClearSign Technologies Corporation 2021 Equity Incentive Plan, pro-rated based on an appointment date of August 1, 2022, 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 person's death; or (4) the reporting person's separation from service.

Content

As compensation for services as a non-executive director during the quarter ending September 30, 2022, on August 24, 2022, the reporting person was granted restricted stock units ("RSUs") under the ClearSign Technologies Corporation 2021 Equity Incentive Plan, pro-rated based on an appointment date of August 1, 2022, and each RSU represents a right to receive one share of common stock or the cash equivalent thereof.

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 person's death; or (4) the reporting person's separation from service.