Beranek Cheryl 4

What Happened
Cheryl Beranek, Chief Executive Officer of Clearfield, Inc. (CLFD), sold 1,778 shares on July 1, 2026 in an open-market transaction. The weighted average sales price was $40.06, producing total proceeds of approximately $71,227. This was a sale (not a purchase or option exercise).

Key Details

• Transaction date: July 1, 2026
• Shares sold: 1,778
• Weighted average price: $40.06; reported price range: $40.00–$40.25 (shares sold in multiple transactions)
• Total proceeds: ~$71,227
• Footnote: Sale was executed under a Rule 10b5-1 trading plan adopted Dec 15, 2025; the filer will provide a breakdown of how many shares were sold at each price on request
• Shares owned after transaction: not disclosed in the supplied filing excerpt
• Filing: Form 4 filed July 6, 2026 — appears timely (second business day falls on July 6 due to July 3 observance)

Context
A 10b5-1 plan lets insiders sell predetermined amounts on a schedule and is commonly used to avoid questions about trading on nonpublic information; it generally reduces the weight investors should place on a single scheduled sale as a signal of management sentiment. Sales are routine for raising cash or rebalancing; purchases are typically more informative about insider confidence.