David M. Maley - Apr 23, 2024 Form 4 Insider Report for ClearSign Technologies Corp (CLIR)

Role: Director
Signature: /s/ David M. Maley
Stock symbol: CLIR
Transactions as of: Apr 23, 2024
Transactions value $: $0
Form type: 4
Date filed: 4/25/2024, 05:01 PM
Next filing: Jul 3, 2024

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	+14.4K		$0.00	14.4K	Apr 23, 2024	Common Stock	14.4K		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, 2024, on April 23, 2024, the reporting person was granted restricted stock units ("RSUs") under the ClearSign Technologies Corporation 2021 Equity Incentive Plan, pro-rated based on an appointment date of April 23, 2024, 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.

Content

As compensation for services as a non-executive director during the quarter ending June 30, 2024, on April 23, 2024, the reporting person was granted restricted stock units ("RSUs") under the ClearSign Technologies Corporation 2021 Equity Incentive Plan, pro-rated based on an appointment date of April 23, 2024, and each RSU represents a right to receive one share of common stock or the cash equivalent thereof.

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.