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Clearfield (CLFD) CEO sells 7,500 shares under Rule 10b5-1 plan

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Clearfield, Inc. Chief Executive Officer Cheryl Beranek reported an open-market sale of 7,500 shares of Common Stock on June 1, 2026, at a weighted average price of $46.92 per share.

The trades were executed under a Rule 10b5-1 trading plan adopted on December 15, 2025, and occurred at prices ranging from $46.31 to $47.25. Following this sale, Beranek directly holds 494,541 shares of Clearfield common stock.

Positive

  • None.

Negative

  • None.
Insider Beranek Cheryl
Role Chief Executive Officer
Sold 7,500 shs ($352K)
Type Security Shares Price Value
Sale Common Stock 7,500 $46.92 $352K
Holdings After Transaction: Common Stock — 494,541 shares (Direct, null)
Footnotes (1)
  1. The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 15, 2025. The price in column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $46.31 to $47.25. The reporting person undertakes to provide Clearfield, Inc., any security holder of Clearfield, Inc., or the staff of the Securities and Exchange Commission, upon request, with full information regarding the number of shares sold at each separate price set forth in the footnote.
Shares sold 7,500 shares Open-market sale on June 1, 2026
Weighted average sale price $46.92 per share Common Stock sale on June 1, 2026
Post-transaction holdings 494,541 shares Shares directly held after June 1, 2026 sale
Price range of trades $46.31–$47.25 per share Range for individual trades included in the sale
10b5-1 plan adoption date December 15, 2025 Date CEO adopted Rule 10b5-1 trading plan
Rule 10b5-1 trading plan regulatory
"The transactions reported ... were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 15, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price in column 4 is the weighted average price. These shares were sold in multiple transactions..."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Beranek Cheryl
(Last)(First)(Middle)
7050 WINNETKA AVE. N.
SUITE 100
(Street)
BROOKLYN PARK MINNESOTA 55428
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Clearfield, Inc. [ CLFD ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock06/01/2026S(1)7,500D$46.92(2)494,541D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 15, 2025.
2. The price in column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $46.31 to $47.25. The reporting person undertakes to provide Clearfield, Inc., any security holder of Clearfield, Inc., or the staff of the Securities and Exchange Commission, upon request, with full information regarding the number of shares sold at each separate price set forth in the footnote.
Darrell Hammond by Power of Attorney for Cheryl Beranek06/03/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Clearfield (CLFD) CEO Cheryl Beranek report in this Form 4?

Clearfield CEO Cheryl Beranek reported selling 7,500 shares of Common Stock in an open-market transaction. The sale was executed under a pre-established Rule 10b5-1 trading plan and reflects routine portfolio management rather than a new discretionary trading decision.

How many Clearfield (CLFD) shares did the CEO sell and at what price?

Cheryl Beranek sold 7,500 shares of Clearfield Common Stock at a weighted average price of $46.92 per share. The transactions took place across multiple trades, with prices ranging between $46.31 and $47.25 according to the Form 4 disclosure.

How many Clearfield (CLFD) shares does the CEO hold after this transaction?

After the reported sale, Cheryl Beranek directly holds 494,541 shares of Clearfield Common Stock. This remaining ownership stake, disclosed in the Form 4, indicates that the 7,500 shares sold represent only a small portion of her overall holdings.

Was the Clearfield (CLFD) CEO’s stock sale made under a Rule 10b5-1 plan?

Yes. The Form 4 states the transactions were effected under a Rule 10b5-1 trading plan adopted on December 15, 2025. Such plans pre-schedule trades, which can make the timing less indicative of the insider’s current market outlook.

On what date did the Clearfield (CLFD) CEO’s stock sale occur?

The reported sale of Clearfield Common Stock by CEO Cheryl Beranek occurred on June 1, 2026. All 7,500 shares disclosed in this Form 4 were sold on that date in open-market or private transactions at prices between $46.31 and $47.25.

What does "weighted average price" mean in the Clearfield (CLFD) Form 4?

Weighted average price means the $46.92 figure reflects the average sale price across multiple trades, each potentially at different prices. The filing notes shares were sold between $46.31 and $47.25, and detailed breakdowns are available upon request.