Director Donald Hayward sells Clearfield (CLFD) shares in $32 open-market trade

Rhea-AI Filing Summary

Clearfield, Inc. director Donald R. Hayward reported an open-market sale of company stock. On February 19, 2026, he sold 3,595 shares of Clearfield common stock at a weighted average price of about $32.00 per share, with individual trade prices ranging from $32.00 to $32.06. After this transaction, he directly holds 10,870 shares of Clearfield common stock.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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^*

Hayward Donald 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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	02/19/2026		S		3,595	D	$32(1)	10,870	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. The price in column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $32.00 to $32.06. 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.

	Lucia Madan by Power of Attorney for Donald R. Hayward	02/20/2026
	** 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.

FAQ

What insider transaction did Clearfield (CLFD) report for Donald R. Hayward?

Clearfield reported that director Donald R. Hayward sold 3,595 shares of common stock. The transaction occurred on February 19, 2026, as an open-market sale at a weighted average price of about $32.00 per share, according to the Form 4 filing.

At what price did Donald R. Hayward sell Clearfield (CLFD) shares?

Donald R. Hayward sold his Clearfield shares at a weighted average price of about $32.00 per share. The Form 4 notes multiple trades, with prices ranging from $32.00 to $32.06, reflecting several individual transactions making up the reported total sale.

How many Clearfield (CLFD) shares did Donald R. Hayward sell in this Form 4?

He sold 3,595 shares of Clearfield common stock. The Form 4 specifies that these were non-derivative shares sold in open-market transactions, all on February 19, 2026, under transaction code “S” for a sale in the market.

How many Clearfield (CLFD) shares does Donald R. Hayward own after the sale?

After the reported sale, Donald R. Hayward directly owns 10,870 shares of Clearfield common stock. This post-transaction holding is disclosed in the Form 4 and reflects his remaining direct ownership following the 3,595-share sale.

What does the Form 4 footnote say about Donald R. Hayward’s Clearfield (CLFD) sale prices?

The footnote explains that the reported price is a weighted average. It states the 3,595 shares were sold in multiple transactions at prices ranging from $32.00 to $32.06, and detailed trade breakdowns are available upon request.

Was Donald R. Hayward’s Clearfield (CLFD) transaction a buy or a sell?

The transaction was a sale of Clearfield common stock. Form 4 identifies it with transaction code “S” and describes it as an open-market or private sale, with 3,595 shares sold at a weighted average price of about $32.00 per share.