Director at Clearfield (NASDAQ: CLFD) receives 2,544-share stock grant

Rhea-AI Filing Summary

Kelly Catherine T. reported acquisition or exercise transactions in this Form 4 filing.

Clearfield, Inc. director Kelly Catherine T. received a grant of 2,544 shares of common stock at no cost. After this award, she directly holds 5,317 shares. The filing notes that restrictions on this restricted stock lapse on the first business day prior to the 2027 Annual Meeting of Shareholders.

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^*

Kelly Catherine T.

(Last) (First) (Middle)

7050 WINNETKA AVE. N., STE. 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)
02/27/2026

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(1)	02/27/2026		A		2,544	A	$0	5,317	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. Restrictions on Restricted Stock lapse the first business day prior to the 2027 Annual Meeting of Shareholders.

	Darrell Hammond by Power of Attorney for Catherine T. Kelly	03/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Clearfield (CLFD) report for Kelly Catherine T.?

Clearfield reported that director Kelly Catherine T. received a grant of 2,544 shares of common stock at no cost. Following this award, her directly held position increased to 5,317 shares, according to the Form 4 insider transaction disclosure.

Was the Clearfield (CLFD) stock grant to Kelly Catherine T. a purchase or an award?

The transaction was an award, not a purchase. Form 4 lists code “A,” meaning a grant, award, or other acquisition, and shows a price per share of $0.0000, confirming the 2,544 shares were granted without cash consideration to the director.

How many Clearfield (CLFD) shares does Kelly Catherine T. own after the award?

After receiving the 2,544-share stock award, Kelly Catherine T. directly owns 5,317 shares of Clearfield common stock. This total reflects only her direct holdings reported in the Form 4 and excludes any other potential indirect or derivative interests not listed here.

What are the vesting restrictions on Kelly Catherine T.’s Clearfield (CLFD) restricted stock?

The filing states that restrictions on the restricted stock lapse on the first business day prior to the 2027 Annual Meeting of Shareholders. Until that time, the shares are subject to restrictions typically associated with restricted stock awards granted to directors.

What does transaction code “A” mean in the Clearfield (CLFD) Form 4 filing?

Transaction code “A” on the Form 4 indicates a grant, award, or other acquisition of securities, rather than an open-market buy. In this case, 2,544 shares of Clearfield common stock were awarded to director Kelly Catherine T. at a stated price of $0.0000 per share.

Is Kelly Catherine T.’s ownership in Clearfield (CLFD) direct or indirect after this grant?

The Form 4 classifies Kelly Catherine T.’s holdings as direct ownership, using the code “D.” After the 2,544-share award of common stock, her directly owned position totals 5,317 shares, as disclosed in the post-transaction ownership column of the filing.