Beranek Cheryl 4

What Happened
Cheryl Beranek, CEO of Clearfield, Inc. (CLFD), sold 7,500 shares in an open-market transaction on June 1, 2026. The weighted-average sale price was $46.92 per share, totaling approximately $351,900. The shares were sold in multiple trades at prices ranging from $46.31 to $47.25.

Key Details

• Transaction date: 2026-06-01 (reported on Form 4 filed 2026-06-03).
• Price: weighted average $46.92; individual trade prices ranged $46.31–$47.25.
• Shares sold: 7,500; gross proceeds ≈ $351,900.
• Shares owned after the transaction: Not disclosed in the provided filing.
• Footnotes: (F1) Sale was effected under a Rule 10b5-1 trading plan adopted Dec 15, 2025. (F2) Weighted-average price reported; issuer will provide per-trade price breakdown on request.
• Timeliness: Filed June 3, 2026 for a June 1 transaction — appears to be within typical Form 4 timelines.

Context
Sales executed under a 10b5-1 plan are generally pre-scheduled and may not reflect the insider’s current view of the company; they are commonly used to avoid timing issues. Routine insider sales are less informative than purchases for judging insider sentiment, so this filing should be viewed as a scheduled disposition unless additional disclosures indicate otherwise.