Sean M. Krajnik - 01 Jan 2026 Form 3 Insider Report for Clearwater Paper Corp (CLW)

Role: Senior Vice President
Signature: /s/Marc D. Rome, Attorney-in-Fact
Issuer symbol: CLW
Transactions as of: 01 Jan 2026
Net transactions value: $0
Form type: 3
Filing time: 09 Jan 2026, 12:50:10 UTC
Next filing: 02 Mar 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Krajnik Sean M.	Senior Vice President	601 W RIVERSIDE SUITE 1100, SPOKANE	/s/Marc D. Rome, Attorney-in-Fact	09 Jan 2026	0002103766

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CLW	Common Stock						5,048	01 Jan 2026	Direct
holding	CLW	Common Stock						637	01 Jan 2026	Direct	F1, F2
holding	CLW	Common Stock						3,587	01 Jan 2026	Direct	F1, F3
holding	CLW	Common Stock						6,243	01 Jan 2026	Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents award of restricted stock units ("RSUs"). RSUs may be settled only for shares of common stock on a one-for-one basis.
F2	Represents award of RSU's that were granted on 2/27/2023 and will vest on 3/15/2026 assuming continued employment. During the vesting period, an amount equal to the dividends that would have been paid on the RSUs had they been in the form of common stock will be converted into additional RSUs.
F3	Represents award of RSU's that were granted on 2/26/2024 and will vest 49% on 3/15/2026 and 51% on 3/15/2027, assuming continued employment. During the vesting period, an amount equal to the dividends that would have been paid on the RSUs had they been in the form of common stock will be converted into additional RSUs.
F4	Represents award of RSUs that will vest 33%, 33%, 34% on March 15, 2026, 2027 and 2028, respectively, assuming continued employment. During the vesting period, an amount equal to the dividends that would have been paid on the RSUs had they been in the form of common stock will be converted into additional RSUs.