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CLFD Form 4/A corrects CFO restricted stock tax transactions

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(Neutral)
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(Neutral)
Form Type
4/A

Rhea-AI Filing Summary

Clearfield, Inc. (CLFD) reported an amended Form 4 for its Chief Financial Officer, who is an officer of the company. On 11/16/2025, a total of 510, 973, and 825 shares of common stock were withheld at a price of $30.72 per share to cover taxes due upon vesting of three restricted stock grants.

The tax-withholding relates to restricted stock originally granted on February 24, 2023, November 16, 2023, and November 26, 2024. After these transactions, the CFO beneficially owns 66,233 shares of Clearfield common stock. The amendment corrects an earlier filing from 11/19/2025 to show these withheld restricted stock shares as shares disposed of rather than acquired.

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Insider HERZOG DANIEL R
Role Chief Financial Officer
Type Security Shares Price Value
Tax Withholding Common Stock 510 $30.72 $16K
Tax Withholding Common Stock 973 $30.72 $30K
Tax Withholding Common Stock 825 $30.72 $25K
Holdings After Transaction: Common Stock — 68,031 shares (Direct)
Footnotes (1)
  1. Payment of taxes by withholding shares on vesting the last 33% of restricted stock that was granted on February 24, 2023. Payment of taxes by withholding shares on vesting the second 33% of restricted stock that was granted on November 16, 2023. Payment of taxes by withholding shares on vesting the first 33% of restricted stock that was granted on November 26, 2024.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
HERZOG DANIEL R
(Last) (First) (Middle)
7050 WINNETKA AVE. N.
SUITE 100
(Street)
BROOKLYN PARK MN 55428
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Clearfield, Inc. [ CLFD ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
11/16/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
11/19/2025 		6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/16/2025 F(1) 510 D $30.72 68,031 D
Common Stock 11/16/2025 F(2) 973 D $30.72 67,058 D
Common Stock 11/16/2025 F(3) 825 D $30.72 66,233 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Payment of taxes by withholding shares on vesting the last 33% of restricted stock that was granted on February 24, 2023.
2. Payment of taxes by withholding shares on vesting the second 33% of restricted stock that was granted on November 16, 2023.
3. Payment of taxes by withholding shares on vesting the first 33% of restricted stock that was granted on November 26, 2024.
Remarks:
Correcting original Form 4 filed 11/19/2025 to show restricted stock shares withheld for taxes upon vesting being disposed rather than acquired.
Darrell Hammond by Power of Attorney for Daniel Herzog 11/20/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What does Clearfield (CLFD) disclose in this Form 4/A?

The filing discloses that Clearfield's Chief Financial Officer had shares of common stock withheld on 11/16/2025 to pay taxes due on vesting of restricted stock awards, and it corrects how those shares were reported in a prior Form 4.

How many CLFD shares were withheld for the CFO’s tax obligations?

The Form 4/A reports three tax-withholding transactions on 11/16/2025 for 510, 973, and 825 shares of Clearfield common stock, each at a price of $30.72 per share.

What is the Clearfield CFO’s share ownership after these transactions?

After the reported tax-withholding transactions, the Clearfield Chief Financial Officer beneficially owns 66,233 shares of the company’s common stock.

Which restricted stock grants are involved in this CLFD Form 4/A?

The explanation notes that the shares withheld for taxes relate to restricted stock granted on February 24, 2023, November 16, 2023, and November 26, 2024.

Why was this Clearfield (CLFD) Form 4/A filed as an amendment?

The amendment states it is correcting the original report filed on 11/19/2025 to show that restricted stock shares withheld for taxes upon vesting were disposed of rather than acquired.

What is the relationship of the reporting person to Clearfield (CLFD)?

The reporting person is identified as an officer of Clearfield, Inc., specifically serving as the company’s Chief Financial Officer.