Beranek Cheryl 4

What Happened
Cheryl Beranek, CEO of Clearfield, Inc. (CLFD), sold a total of 7,500 shares in two open-market dispositions: 5,000 shares on 2026-05-08 at a weighted average price of $40.27 for proceeds of $201,350, and 2,500 shares on 2026-05-11 at a weighted average price of $45.02 for proceeds of $112,550. Total proceeds reported: approximately $313,900. The sales were executed under a Rule 10b5-1 trading plan adopted by Ms. Beranek on December 15, 2025.

Key Details

• Transaction dates and prices:
  • 2026-05-08: 5,000 shares sold, weighted avg $40.27 (individual prices ranged $40.00–$40.63). Proceeds $201,350. (Footnote F2)
  • 2026-05-11: 2,500 shares sold, weighted avg $45.02 (individual prices ranged $45.00–$45.15). Proceeds $112,550. (Footnote F3)
• Total shares sold: 7,500; total proceeds: ~$313,900.
• Sales were made pursuant to a pre-established Rule 10b5-1 trading plan adopted 2025-12-15 (Footnote F1).
• The filing date on SEC Accession 0000796505-26-000015 is 2026-05-12. No late-filing flag was provided in the material you shared.
• The weighted-average prices reflect multiple trades; the filer offers to provide a per-trade price breakdown upon request to Clearfield, any shareholder, or the SEC.

Context

• Transactions coded “S” are sales (dispositions). Because these sales were executed under a 10b5-1 plan, they were pre-arranged and are commonly considered routine rather than a direct statement of the CEO’s current view of the company.
• For investors, purchases tend to be more informative about insider conviction; sales can reflect diversification, tax planning, or other personal needs.