de Lacy Catharine 4
4 · ClearSign Technologies Corp · Filed Feb 23, 2023
Insider Transaction Report
Form 4
de Lacy Catharine
Director
Transactions
- Award
Restricted Stock Units
2023-02-23+9,744→ 9,744 total→ Common Stock (9,744 underlying)
Footnotes (2)
- [F1]As compensation for services as a non-executive director during the quarter ending March 31, 2023, on February 23, 2023, the reporting person was granted restricted stock units ("RSUs") under the ClearSign Technologies Corporation 2021 Equity Incentive Plan, pro-rated based on an appointment date of February 21, 2023, 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 person's death; or (4) the reporting person's separation from service.