Form 4: ClearSign Technologies CFO Brent Hinds Reports Stock Transactions

ClearSign Technologies' Chief Financial Officer, Brent Hinds, reports the vesting and tax withholding of restricted stock units and performance-based restricted stock units.

Summary

• Brent Hinds, CFO of ClearSign Technologies, filed a Form 4 detailing changes in beneficial ownership.
• On May 20, 2024, 2,627 performance-based restricted stock units (PRSUs) vested, resulting in the acquisition of an equal number of common stock shares.
• Also on May 20, 2024, 963 shares were withheld to cover tax liabilities related to the PRSU vesting, calculated at a price of $0.78 per share.
• On February 2, 2025, 10,127 restricted stock units (RSUs) vested, resulting in the acquisition of an equal number of common stock shares.
• Additionally, on February 2, 2025, 3,712 shares were withheld to cover tax liabilities related to the RSU vesting, calculated at a price of $1.20 per share.
• Following these transactions, Hinds directly owns 80,510 shares of ClearSign Technologies common stock and 10,127 derivative securities.

Sentiment

Score: 6

Explanation: The document is neutral, simply reporting transactions. The vesting of stock options is generally a positive sign, but the tax withholding is a neutral event.

Positives

• The vesting of RSUs and PRSUs indicates that the CFO is meeting performance targets and remaining with the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares upon vesting.

Key Dates

Keywords

Form 4, beneficial ownership, restricted stock units, performance-based restricted stock units, ClearSign Technologies, Brent Hinds, CFO, vesting, tax withholding, CLIR