Robert T. HOFFMAN Sr - Apr 3, 2023 Form 4 Insider Report for ClearSign Technologies Corp (CLIR)

Role
Director
Signature
/s/ Robert T. Hoffman, Sr.
Stock symbol
CLIR
Transactions as of
Apr 3, 2023
Transactions value $
$0
Form type
4
Date filed
4/4/2023, 06:02 PM
Previous filing
Jan 4, 2023
Next filing
Jul 6, 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 +25.1K +19.83% $0.00 151K Apr 3, 2023 Common Stock 25.1K 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 June 30, 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 peron's death; or (4) the reporting person's separation from service.