Maley David M 4
4 · ClearSign Technologies Corp · Filed Jul 3, 2024
Insider Transaction Report
Form 4
Maley David M
Director
Transactions
- Award
Restricted Stock Units
2024-07-01+22,001→ 36,410 total→ Common Stock (22,001 underlying)
Footnotes (2)
- [F1]The reporting person was granted restricted stock units ("RSUs") under the ClearSign Technologies Corporation 2021 Equity Incentive Plan, consisting of (i) 20,878 RSUs as compensation for services as a non-executive director during the quarter ending September 30, 2024, and (ii) 1,123 RSUs as compensation for services as a member of certain committees of the Issuer's board of directors during the quarter ended June 30, 2024, pro-rated based on an appointment date of May 3, 2024. 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.