Susanne Meline - Oct 3, 2022 Form 4 Insider Report for ClearSign Technologies Corp (CLIR)

Role: Director
Signature: /s/ Susanne Meline
Stock symbol: CLIR
Transactions as of: Oct 3, 2022
Transactions value $: $0
Form type: 4
Date filed: 10/4/2022, 04:33 PM
Previous filing: Jul 6, 2022
Next filing: Jan 4, 2023

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	+24.1K		$0.00	24.1K	Oct 3, 2022	Common Stock	24.1K		Direct	F1, F2
holding	CLIR	Restricted Stock Units						19.8K	Oct 3, 2022	Common Stock	19.8K		Direct	F2, F3
holding	CLIR	Restricted Stock Units						14.1K	Oct 3, 2022	Common Stock	14.1K		Direct	F2, F4
holding	CLIR	Restricted Stock Units						16.1K	Oct 3, 2022	Common Stock	16.1K		Direct	F2, F5
holding	CLIR	Restricted Stock Units						14.5K	Oct 3, 2022	Common Stock	14.5K		Direct	F2, F6
holding	CLIR	Restricted Stock Units						8.02K	Oct 3, 2022	Common Stock	8.02K		Direct	F2, F7
holding	CLIR	Restricted Stock Units						8.02K	Oct 3, 2022	Common Stock	8.02K		Direct	F2, F8
holding	CLIR	Option to Purchase Common Stock						22.8K	Oct 3, 2022	Common Stock	22.8K	$3.97	Direct
holding	CLIR	Option to Purchase Common Stock						22.8K	Oct 3, 2022	Common Stock	22.8K	$2.38	Direct
holding	CLIR	Option to Purchase Common Stock						22.8K	Oct 3, 2022	Common Stock	22.8K	$2.30	Direct
holding	CLIR	Option to Purchase Common Stock						22.8K	Oct 3, 2022	Common Stock	22.8K	$0.54	Direct
holding	CLIR	Option to Purchase Common Stock						22.8K	Oct 3, 2022	Common Stock	22.8K	$0.72	Direct
holding	CLIR	Option to Purchase Common Stock						91K	Oct 3, 2022	Common Stock	91K	$1.00	Direct	F9

* 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 December 31, 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 September 30, 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 June 30, 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.
F5	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.
F6	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.
F7	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.
F8	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.
F9	The right to exercise the option and purchase the option shares vested in equal increments as follows: the right to purchase 22,750 shares vested on May 9, 2019 and the right to purchase the remaining 68,250 shares vested in equal increments on the last day of each calendar quarter during 2019.