David M. Maley - Jul 1, 2024 Form 4 Insider Report for ClearSign Technologies Corp (CLIR)

Role: Director
Signature: /s/ David M. Maley
Stock symbol: CLIR
Transactions as of: Jul 1, 2024
Transactions value $: $0
Form type: 4
Date filed: 7/3/2024, 06:30 PM
Previous filing: Apr 25, 2024
Next filing: Oct 3, 2024

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	+22K	+152.69%	$0.00	36.4K	Jul 1, 2024	Common Stock	22K		Direct	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 was granted restricted stock units ("RSUs") under the ClearSign Technologies Corporation 2021 Equity Incentive Plan, consisting of (i) 20,878 RSUs as compensation for services as a non-executive director during the quarter ending September 30, 2024, and (ii) 1,123 RSUs as compensation for services as a member of certain committees of the Issuer's board of directors during the quarter ended June 30, 2024, pro-rated based on an appointment date of May 3, 2024. 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.

Content

The reporting person was granted restricted stock units ("RSUs") under the ClearSign Technologies Corporation 2021 Equity Incentive Plan, consisting of (i) 20,878 RSUs as compensation for services as a non-executive director during the quarter ending September 30, 2024, and (ii) 1,123 RSUs as compensation for services as a member of certain committees of the Issuer's board of directors during the quarter ended June 30, 2024, pro-rated based on an appointment date of May 3, 2024. Each RSU represents a right to receive one share of common stock or the cash equivalent thereof.

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.