Basenese Lou 4

What Happened
Lou Basenese, a director of ClearSign Technologies Corp (CLIR), was granted non‑statutory stock options to purchase 3,024 shares of common stock on March 31, 2026. The Form 4 reports this as a derivative award (3,024 shares at $0.00) — no cash was paid at grant. According to the filing footnote, the options were granted under the ClearSign 2021 Equity Incentive Plan as compensation for services as a non‑employee director and were immediately vested and exercisable on the grant date.

Key Details

• Transaction date: 2026-03-31 (grant); Form 4 filed: 2026-04-02 (reporting period 2026-03-31).
• Reported on Form 4 as: Award/Grant (derivative) — 3,024 options; price shown $0.00 (typical for option grants; not cash paid).
• Exercise price and total intrinsic value at grant were not specified in the provided excerpt.
• Shares/options owned after the transaction: not disclosed in the provided filing excerpt.
• Footnote: Options granted under the 2021 Equity Incentive Plan as non‑employee director compensation; immediately vested and exercisable.
• Filing timeliness: filed April 2 reporting a March 31 grant; the filing does not indicate a late filing.

Context
This was a compensation grant (an option award), not an open‑market purchase or sale. Option grants compensate directors and create potential future dilution if exercised; immediate vesting means the options can be exercised right away but exercising would typically require payment of the option exercise price (which is not shown here). Such grants are routine director compensation and do not by themselves indicate buying or selling sentiment.