Hinds Brent 4
4 · ClearSign Technologies Corp · Filed Feb 25, 2025
Insider Transaction Report
Form 4
Hinds Brent
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2025-02-24$0.80/sh−2,636$2,107→ 117,840 total - Exercise/Conversion
Common Stock
2025-02-24+7,547→ 120,476 total - Exercise/Conversion
Restricted Stock Unit
2025-02-24−7,547→ 15,094 total→ Common Stock (7,547 underlying)
Footnotes (4)
- [F1]Reflects the vesting of 7,547 restricted stock units ("RSUs") out of the 22,641 RSUs granted to the reporting person on February 22, 2024, into an equal number of shares of the Company's common stock, without the payment of any consideration, pursuant to the Company's 2021 Equity Incentive Plan.
- [F2]Represents the payment of the reporting person's tax liability by withholding shares in connection with the vesting of 7,547 RSUs on February 24, 2025, and calculated based on the closing price of the Company's common stock, as reported on Nasdaq Stock Market, on February 24, 2025, of $0.7994.
- [F3]On February 22, 2024, the reporting person was granted a one-time bonus of 22,641 RSUs, and each RSU represents a right to receive one share of common stock or the cash equivalent thereof.
- [F4]The RSUs granted on February 22, 2024, vest in three equal annual installments that commenced on February 24, 2025.