YATES MICHAEL J 4

What Happened
Michael J. Yates, Chief Financial Officer of Clarus Corp (CLAR), had a restricted stock conversion/vesting event reported on March 11, 2026. The filing shows 25,000 shares acquired via exercise/conversion (code M) and 25,000 shares disposed at $0.00 on the same date. No cash proceeds are reported for the disposed shares.

Key Details

• Transaction date: 2026-03-11; Filing date/accession: 2026-03-11 (timely filed).
• Reported transactions: 25,000 shares acquired (exercise/conversion, price N/A) and 25,000 shares disposed at $0.00 (derivative).
• Footnote F1: These shares are part of a 50,000 restricted stock award previously granted under the 2015 Stock Incentive Plan; the award vested in two tranches (March 11, 2025 and March 11, 2026).
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Transaction code M denotes exercise or conversion of a derivative; the footnote clarifies this was restricted stock vesting/conversion.

Context
Disposition at $0.00 is consistent with shares being surrendered or withheld to satisfy tax or withholding obligations tied to the vesting of restricted stock rather than an open-market sale. This type of insider report typically documents routine settlement/withholding following vesting and does not necessarily indicate a market-driven buy or sell decision.