Michael J. Yates - Mar 11, 2024 Form 4 Insider Report for Clarus Corp (CLAR)

Role
Chief Financial Officer
Signature
/s/ Michael J. Yates
Stock symbol
CLAR
Transactions as of
Mar 11, 2024
Transactions value $
$0
Form type
4
Date filed
3/13/2024, 04:17 PM
Previous filing
Jan 4, 2022

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 CLAR Stock Option (right to purchase) Award $0 +118K $0.00 118K Mar 11, 2024 Common Stock 118K $6.75 Direct F1
transaction CLAR Restricted Stock Award Award $0 +50K $0.00 50K Mar 11, 2024 Common Stock 50K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options to purchase shares of Clarus Corporation's (the "Issuer") common stock, $0.0001 par value per share ("Common Stock"), were granted under the Issuer's 2015 Stock Incentive Plan (the "Plan"). Options to purchase 118,000 shares of the Issuer's Common Stock will vest and become exercisable in two equal consecutive annual tranches of 59,000 on each of March 11, 2025, and March 11, 2026.
F2 Comprised of a restricted stock award granted under the Plan consisting of 50,000 restricted shares of the Issuer's Common Stock of which (i) 25,000 shares of the Issuer's Common Stock will vest and become non-forfeitable on March 11, 2025; and (ii) 25,000 shares of the Issuer's Common Stock will vest and become non-forfeitable on March 11, 2026.