Brent Hinds - Feb 22, 2024 Form 4 Insider Report for ClearSign Technologies Corp (CLIR)

Role
Chief Financial Officer
Signature
/s/ Brent Hinds
Stock symbol
CLIR
Transactions as of
Feb 22, 2024
Transactions value $
-$17,511
Form type
4
Date filed
2/26/2024, 05:03 PM
Previous filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLIR Common Stock Award $0 +45.1K +102.73% $0.00 89K Feb 22, 2024 Direct F1
transaction CLIR Common Stock Tax liability -$17.5K -16.5K -18.57% $1.06 72.4K Feb 22, 2024 Direct F2

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 Award $0 +7.55K $0.00 7.55K Feb 22, 2024 Common Stock 7.55K Direct F3, F4
transaction CLIR Restricted Stock Unit Award $0 +2.63K $0.00 2.63K Feb 22, 2024 Common Stock 2.63K Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a one-time bonus grant to the reporting person for services as an executive officer for the year ended December 31, 2023. The number of shares awarded is based on the closing price of the Company's common stock on February 22, 2024 of $1.06.
F2 Represents the payment of the reporting person's tax liability by withholding shares incident to the receipt of the Company's common stock issued on February 22, 2024 based on the closing price of the Company's common stock on February 22, 2024 of $1.06.
F3 Represents a one-time bonus restricted stock unit ("RSUs") grant to reporting person for services as an executive officer for the year ended December 31, 2023, and each RSU represents a right to receive one share of common stock or the cash equivalent thereof.
F4 The RSUs granted on February 22, 2024 vest in three equal installments commencing on the first anniversary of the grant date.
F5 Represents a one-time bonus performance-based RSU ("PRSUs") grant to the reporting person, 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 will fully vest upon the achievement of certain performance targets established by the Company's compensation committee of the board of directors for the year ending December 31, 2024. If the reporting person does not achieve the established performance targets, which will be measured over the year ending December 31, 2024, the PRSUs will not vest and will be forfeited.