Schrecker Judith S 4
4 · ClearSign Technologies Corp · Filed Aug 26, 2021
Insider Transaction Report
Form 4
Schrecker Judith S
Director
Transactions
- Award
Restricted Stock Units
2021-08-24+7,715→ 7,715 total→ Common Stock (7,715 underlying) - Award
Restricted Stock Units
2021-08-24+7,715→ 7,715 total→ Common Stock (7,715 underlying)
Holdings
- 17,000
Options to Purchase Common Stock
Exercise: $4.15From: 2021-07-28Exp: 2031-07-27→ Common Stock (17,000 underlying)
Footnotes (3)
- [F1]As compensation for services as a non-executive director during the quarter ended June 30, 2021, the reporting person was granted restricted stock units ("RSUs") under the ClearSign Technologies Corporation 2021 Equity Incentive Plan and 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 peron's death; or (4) the reporting person's separation from service.
- [F3]As compensation for services as a non-executive director during the quarter ending September 30, 2021, the reporting person was granted RSUs under the ClearSign Technologies Corporation 2021 Equity Incentive Plan and each RSU represents a right to receive one share of common stock or the cash equivalent thereof.