John Pasquesi - Feb 14, 2025 Form 3 Insider Report for ClearSign Technologies Corp (CLIR)

Role
10%+ Owner
Signature
John Pasquesi
Stock symbol
CLIR
Transactions as of
Feb 14, 2025
Transactions value $
$0
Form type
3
Date filed
4/9/2025, 04:30 PM
Previous filing
May 13, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CLIR Common Stock 8.43M Feb 14, 2025 By Otter Capital LLC F1

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
holding CLIR Warrant to Purchase Common Stock Feb 14, 2025 Common Stock 6.63M $1.05 By Otter Capital LLC F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person is the managing member of Otter Capital LLC.
F2 Each warrant entitles the holder to purchase one share of the issuer's common stock at an exercise price of $1.05 from the date of issuance through February 14, 2030. The issuer may redeem the warrants upon 30 days' advance notice if the closing price of the issuer's common stock equals or exceeds $2.275 for any 20 business days within a 30 consecutive business-day period, provided that such warrants may only be redeemed if there is an effective registration statement covering the resale of the warrant shares. The warrants are not exercisable to the extent that the exercise thereof would cause Otter Capital LLC and its affiliates to beneficially own greater than 19.99% of the outstanding shares of common stock of the issuer immediately after giving effect to the exercise (the "Beneficial Ownership Limitation"). As a result of the Beneficial Ownership Limitation, warrants to purchase up to 2,555,000 shares of the issuer's common stock are exercisable as of February 14, 2025.