Deller Colin James 4/A
Research Summary
AI-generated summary
ClearSign (CLIR) CEO Colin Deller Receives Award; Shares Withheld
What Happened
Colin James Deller, Chief Executive Officer of ClearSign Technologies Corp (CLIR), received a one-time bonus award of 7,001 shares on February 26, 2026 (code A), reported in an amended Form 4. The award is shown at $5.62 per share (total reported value $39,318). To satisfy tax withholding obligations (code F), 3,501 of those shares were withheld/disposed at the same price (reported value $19,662), leaving a net increase of 3,500 shares (net value reported $19,656).
Key Details
- Transaction date: February 26, 2026 (reported originally on Form 4 filed March 2, 2026; this is an amended filing dated April 27, 2026).
- Price: $5.62 per share (figures adjusted for the 1-for-10 reverse stock split; footnote cites closing price $5.616 on Feb 26 as basis for withholding).
- Shares acquired (award): 7,001 — reported value $39,318.
- Shares withheld (tax): 3,501 — reported value $19,662.
- Net shares retained from the grant: 3,500 (net reported value ~$19.7k).
- Footnotes: Amendment corrects the number of shares granted, the number withheld for taxes, and the post-transaction beneficial ownership; all amounts/prices adjusted for the 1-for-10 reverse split effected March 16, 2026.
- Timeliness: Original Form 4 was filed March 2, 2026 (timely). This filing is an amendment to correct reported figures.
Context
This transaction reflects a compensation award (one-time bonus for services for the year ended Dec 31, 2025) and routine tax withholding — not an open-market buy or sell. For retail investors, compensation awards indicate company-paid equity to executives but do not necessarily signal personal buying or selling intent. Consult the amended Form 4 for the updated total beneficial ownership after these transactions.