Gary J. DiElsi - Jan 3, 2023 Form 4 Insider Report for ClearSign Technologies Corp (CLIR)

Role
Director
Signature
/s/ Gary J. DiElsi
Stock symbol
CLIR
Transactions as of
Jan 3, 2023
Transactions value $
$0
Form type
4
Date filed
1/4/2023, 07:21 PM
Previous filing
Oct 4, 2022
Next filing
Apr 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 +32.9K $0.00 32.9K Jan 3, 2023 Common Stock 32.9K Direct F1, F2
holding CLIR Restricted Stock Units 18.5K Jan 3, 2023 Common Stock 18.5K Direct F2, F3
holding CLIR Restricted Stock Units 11.1K Jan 3, 2023 Common Stock 11.1K Direct F2, F4
* 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 March 31, 2023, 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 person'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 December 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 September 30, 2022, on August 24, 2022, the reporting person was granted 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.