Ottmann Susan 4

What Happened
Susan Ottmann, a director of Clarus Corporation (CLAR), received an option award covering 20,000 shares, reported on a Form 4 for the May 28, 2026 transaction date. The filing lists the transaction as an acquisition/award (derivative) and shows $0.00 in the price column; the award is an option to purchase common stock rather than immediate share ownership.

Key Details

• Transaction date: 2026-05-28; Form 4 filed: 2026-06-01. Filing appears to report the May 28 grant in a timely manner.
• Type: Option grant (reported as "A" — award/acquisition), 20,000 underlying shares, price column $0.00.
• Vesting: Options vest 5,000 shares on each of June 30, 2026; Sept 30, 2026; Dec 31, 2026; and Mar 31, 2027 (per filing footnote).
• Shares owned following the transaction: not specified in the filing summary.
• Footnote: Grant made under Clarus’s Amended and Restated 2015 Stock Incentive Plan. No exercise price or immediate cash proceeds are reported in the Form 4 entry.

Context
This was an option award (a derivative grant) rather than a stock purchase or sale—options give the right to buy shares later if/when vested and exercised. The filing does not indicate any immediate sale or exercise; the economic interest vests over the stated schedule. Awards like this are common for directors as compensation; they are informative about compensation and potential future dilution but do not by themselves indicate immediate insider buying or selling.