Gary J. DiElsi - 03 Oct 2022 Form 4 Insider Report for ClearSign Technologies Corp (CLIR)

Role
Director
Signature
/s/ Gary J. DiElsi
Issuer symbol
CLIR
Transactions as of
03 Oct 2022
Net transactions value
$0
Form type
4
Filing time
04 Oct 2022, 16:29:45 UTC
Previous filing
25 Aug 2022
Next filing
04 Jan 2023
SEC
View on sec.gov

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 +18,459 $0.000000 18,459 03 Oct 2022 Common Stock 18,459 Direct F1, F2
holding CLIR Restricted Stock Units 11,067 03 Oct 2022 Common Stock 11,067 Direct F2, F3
* 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 December 31, 2022, 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 person's death; or (4) the reporting person's separation from service.
F3 As compensation for services as a non-executive director during the quarter ended September 30, 2022, on August 24, 2022, the reporting person was granted RSUs under the ClearSign Technologies Corporation 2021 Equity Incentive Plan, pro-rated based on an appointment date of August 1, 2022, and each RSU represents a right to receive one share of common stock or the cash equivalent thereof.