Brent Hinds - 02 Feb 2024 Form 4 Insider Report for ClearSign Technologies Corp (CLIR)

Signature
/s/ Brent Hinds
Issuer symbol
CLIR
Transactions as of
02 Feb 2024
Net transactions value
-$3,749
Form type
4
Filing time
06 Feb 2024, 16:45:38 UTC
Previous filing
14 Feb 2023
Next filing
10 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLIR Common Stock Options Exercise +10,126 +17% 69,261 02 Feb 2024 Direct F1, F2
transaction CLIR Common Stock Tax liability $3,749 -3,712 -5.4% $1.01 65,549 02 Feb 2024 Direct F3

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 Unit Options Exercise $0 -10,126 -33% $0.000000 20,254 02 Feb 2024 Common Stock 10,126 Direct F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting of 10,126 restricted stock units ("RSUs").
F2 RSUs convert to common stock on a one-for-one basis.
F3 Represents the payment of the reporting person's tax liability by withholding shares incident to the vesting of the RSUs that vested on February 2, 2024.
F4 On February 2, 2023, the reporting person was granted 30,380 RSUs as a one-time bonus for services as an executive officer for the year ended December 31, 2022, and each RSU represents a right to receive one share of common stock or the cash equivalent thereof.
F5 The RSUs granted on February 2, 2023 vest in three equal annual installments commencing on the first anniversary of the grant date.