Warren B. Kanders - Jan 28, 2024 Form 4 Insider Report for Clarus Corp (CLAR)

Signature
/s/ Warren B. Kanders
Stock symbol
CLAR
Transactions as of
Jan 28, 2024
Transactions value $
-$184,505
Form type
4
Date filed
1/30/2024, 04:56 PM
Previous filing
Dec 20, 2023
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLAR Common Stock, $.0001 par value ("Common Stock") Options Exercise +117K +3.1% 3.88M Jan 28, 2024 Direct F1
transaction CLAR Common Stock Tax liability -$185K -29.8K -0.77% $6.19 3.85M Jan 29, 2024 Direct F2
holding CLAR Common Stock 1.53M Jan 28, 2024 Kanders GMP Holdings, LLC F3
holding CLAR Common Stock 1.94K Jan 28, 2024 As UTMA custodian for child F3
holding CLAR Common Stock 17.8K Jan 28, 2024 As JTWROS F3
holding CLAR Common Stock 125K Jan 28, 2024 As UTA trustee for spouse F3
holding CLAR Common Stock 100K Jan 28, 2024 By spouse F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 116,666 shares of Common Stock vested and became nonforfeitable on January 28, 2024 pursuant to a restricted stock award (the "Restricted Stock Award") previously granted to the Reporting Person on January 7, 2019 under the Issuer's 2015 Stock Incentive Plan (the "Plan") that vested on January 28, 2021 upon the Fair Market Value (as defined in the Plan) of the Common Stock equaling or exceeding $15.00 per share for 20 consecutive trading days. The Restricted Stock Award and the schedule of Common Stock that may vest thereunder was previously reported.
F2 Represents the number of shares of Common Stock withheld by the Issuer to satisfy the tax withholding obligations incurred by Mr. Kanders as a result of the vesting on January 28, 2024 of a portion of the Restricted Stock Award.
F3 The Reporting Person disclaims beneficial ownership of the securities described in this statement, except to the extent of his pecuniary interest in such securities.