Brent Hinds - May 20, 2024 Form 4 Insider Report for ClearSign Technologies Corp (CLIR)

Signature
/s/ Brent Hinds
Stock symbol
CLIR
Transactions as of
May 20, 2024
Transactions value $
-$5,206
Form type
4
Date filed
2/21/2025, 07:00 PM
Previous filing
Apr 10, 2024
Next filing
Feb 24, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLIR Common Stock Options Exercise +2.63K +3.63% 75.1K May 20, 2024 Direct F1
transaction CLIR Common Stock Tax liability -$751 -963 -1.28% $0.78 74.1K May 20, 2024 Direct F2
transaction CLIR Common Stock Options Exercise +10.1K +13.67% 84.2K Feb 2, 2025 Direct F3
transaction CLIR Common Stock Tax liability -$4.45K -3.71K -4.41% $1.20 80.5K Feb 2, 2025 Direct F4

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 -2.63K -100% $0.00 0 May 20, 2024 Common Stock 2.63K Direct F5, F6
transaction CLIR Restricted Stock Unit Options Exercise $0 -10.1K -50% $0.00 10.1K Feb 2, 2025 Common Stock 10.1K Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the vesting of 2,627 performance-based restricted stock units ("PRSUs") granted to the reporting person on February 22, 2024, into an equal number of shares of the Company's common stock, without the payment of any consideration, pursuant to the ClearSign Technologies Corporation 2021 Equity Incentive Plan (the "2021 Plan").
F2 Represents the payment of the reporting person's tax liability by withholding shares in connection with the vesting of 2,627 PRSUs on May 20, 2024, and calculated based on the closing price of the Company's common stock, as reported on Nasdaq Stock Market, on May 20, 2024 of $0.78.
F3 Reflects the vesting of 10,127 restricted stock units ("RSUs") out of the 30,380 RSUs granted to the reporting person on February 2, 2023, into an equal number of shares of the Company's common stock, without the payment of any consideration, pursuant to the 2021 Plan.
F4 Represents the payment of the reporting person's tax liability by withholding shares in connection with the vesting of 10,127 RSUs on February 2, 2025, and calculated based on the closing price of the Company's common stock, as reported on Nasdaq Stock Market, on February 2, 2025 of $1.20.
F5 On February 22, 2024, the reporting person was granted a one-time bonus of 2,627 PRSUs, and each PRSU represents a right to receive one share of common stock or the cash equivalent thereof.
F6 The PRSUs granted on February 22, 2024, vested on May 20, 2024, upon the achievement of certain performance targets established by the Company's compensation committee of the board of directors for the year ended December 31, 2024.
F7 On February 2, 2023, the reporting person was granted a one-time bonus of 30,380 RSUs, and each RSU represents a right to receive one share of common stock or the cash equivalent thereof.
F8 The RSUs granted on February 2, 2023, vest in three equal annual installments that commenced on February 2, 2024.