HERZOG DANIEL R 4

What Happened Daniel R. Herzog, Chief Financial Officer of Clearfield, Inc. (CLFD), acquired 752 common shares on June 30, 2026. The shares were purchased under Clearfield’s Employee Stock Purchase Plan (ESPP) at $24.78 per share, for a total cost of approximately $18,635. This filing reports an acquisition (award/purchase) rather than a sale.

Key Details

• Transaction date and price: 2026-06-30 at $24.78 per share (total ~$18,635).
• Transaction type: Acquisition under ESPP (filed on Form 4 for the reporting period ending 2026-06-30).
• Shares owned after transaction: Not specified in the filing.
• Footnote: F1 — Shares purchased through the ESPP for the Jan 1–Jun 30, 2026 offering period; price determined using 85% of the closing price on Dec 31, 2025.
• Filing timeliness: No late filing noted in the report.

Context An ESPP purchase is an employee stock purchase at a set discount (here, 85% of a referenced price), common for company employees and executives. Such purchases represent an insider buying stock at a discount but are routine plan transactions and do not by themselves indicate company guidance or future performance.