HROMYK ANDREW 4

What Happened

• First Finance Ltd., reported as a 10% owner of ClearOne, entered into a Securities Purchase Agreement on March 2, 2026 to acquire 437,500 shares of ClearOne common stock at $4.00 per share (total $1,750,000) and a warrant to purchase up to 437,500 additional shares. The filing lists the share purchase (code P) and acquisition of a derivative (warrant).
• The agreement is expected to close on or around March 6, 2026. The warrants become exercisable six months after closing and expire two years after closing. This is a purchase (not a sale), which investors often view as a more informative signal than routine insider selling.

Key Details

• Transaction date reported: March 2, 2026 (Agreement date); Filing date: March 6, 2026.
• Shares purchased: 437,500 at $4.00 each = $1,750,000 total purchase price.
• Derivative/warrant: right to purchase up to 437,500 shares; exercisable six months after closing; expires two years after closing.
• Footnote: F1 states the $1.75M purchase price covers both the shares and the warrant; closing expected on or around March 6, 2026.
• Shares owned after transaction: Not disclosed in the Form 4 provided.
• Filing timeliness: The Form 4 was filed March 6 while the agreement date is March 2; the footnote indicates the transaction is expected to close on or about March 6, so the filing appears tied to the anticipated closing date rather than an obvious late report.

Context

• First Finance Ltd. is a 10% owner (an institutional/major holder), not an executive—this is institutional investment activity rather than an officer/director personal trade.
• The warrant is a derivative instrument; it does not create immediate dilution until exercised and cannot be exercised until six months after closing.
• As always, this is a factual report of the transaction; it does not state motives or future performance.