ClearOne (CLRO) 10% Owner Cancels Warrant (437,500 Shares)

What Happened

• First Finance Ltd., a 10% owner of ClearOne, recorded an "other disposition" (transaction code J) on Aug 4, 2026: it surrendered and cancelled a Common Stock Purchase Warrant representing 437,500 shares. The cancellation was for no consideration (reported price $0.00; total value $0). As a result, First Finance no longer holds any derivative securities of ClearOne.

Key Details

• Transaction date: August 4, 2026; Filing date: August 6, 2026 (filed within the normal 2-business-day Form 4 window).
• Reported price/consideration: $0.00 (warrant surrendered and cancelled for no consideration).
• Amount disposed (derivative): 437,500 shares (via warrant cancellation).
• Shares/derivatives owned after transaction: First Finance Ltd. reports it no longer holds any derivative securities of the issuer; the filing does not specify any change in direct common-stock holdings.
• Footnote: Cancellation was made under a Warrant Cancellation Agreement tied to an Agreement and Plan of Merger (ClearOne, Merger Sub, Cortigent, and Vivani Medical). The cancelled warrant had been exercisable six months from the original closing date and was set to expire two years from the closing date.

Context

• This was a derivative/contract-level action (warrant cancellation), not an open-market sale or purchase of common stock. Such cancellations remove a potential source of future dilution but do not necessarily indicate a buy or sell signal in the company’s common shares.
• As a 10% owner (institutional holder), this action reflects a contractual settlement tied to a corporate transaction (merger-related), not typical executive insider trading.