Deller Colin James 4

What Happened

• Colin James Deller, CEO of ClearSign Technologies Corp (CLIR), was granted 210,043 shares as a one‑time bonus for 2025 performance on February 26, 2026 (transaction code A). The grant’s implied value at the Feb 26 closing price ($0.5616) is about $118,000.
• Simultaneously, 105,022 of those shares were withheld/disposed to satisfy the reporting person’s tax withholding obligation (transaction code F), generating proceeds of $58,980 per the filing. Net shares retained from the award equal 105,021.

Key Details

• Transaction date: 2026-02-26. Grant price: $0.00 for the award; withholding valuation based on closing price $0.5616. Report filed: 2026-03-02 (timely filing — within required reporting window).
• Shares acquired (award): 210,043; Shares disposed (tax withholding): 105,022; Net shares retained from this grant: 105,021.
• Footnotes: F1 — one‑time bonus tied to achievement of performance targets approved by the human capital & compensation committee for year ended Dec 31, 2025. F2 — withholding of shares to pay the reporting person’s tax liability, based on the Feb 26 close of $0.5616.
• Shares owned after transaction: not stated in the Form 4; the filing shows the net result of this grant/withholding (105,021 shares retained from this issuance).

Context

• This was an equity award (bonus) issued by the company, not an open‑market purchase or sale. The withholding of shares to cover taxes is a routine administrative step (code F), not a market sale indicating intent to cash out.
• The award is tied to performance metrics and approved by the compensation committee per the filing; the transaction does not itself indicate future company performance.