What triggered the tax-withholding share disposition for Clearfield (CLFD)?

The disposition was triggered by the vesting of restricted stock granted on May 9, 2024. When these restricted shares vested on May 6, 2026, Clearfield withheld 635 shares from Anis Khemakhem to pay the associated tax liability.

Clearfield (NASDAQ: CLFD) CCO has shares withheld to cover tax on vesting

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Clearfield, Inc.’s Chief Commercial Officer, Anis Khemakhem, reported a routine tax-related share disposition. On May 6, 2026, 635 shares of common stock were withheld at $30.28 per share to cover taxes upon vesting of restricted stock granted on May 9, 2024.

Following this tax-withholding transaction, Khemakhem directly holds 26,810 shares of Clearfield common stock. This was not an open-market sale but a standard mechanism to satisfy tax obligations tied to equity compensation.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Khemakhem Anis

Role Chief Commercial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	635	$30.28	$19K

Holdings After Transaction: Common Stock — 26,810 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares withheld for taxes: 635 shares Withholding price per share: $30.28 per share Shares held after transaction: 26,810 shares +1 more

4 metrics

Shares withheld for taxes 635 shares Tax-withholding disposition on May 6, 2026

Withholding price per share $30.28 per share Value used for withheld common stock

Shares held after transaction 26,810 shares Direct holdings after May 6, 2026 transaction

Grant date of restricted stock May 9, 2024 Original grant underlying vested restricted stock

Key Terms

restricted stock, tax-withholding disposition, Form 4, Chief Commercial Officer

4 terms

restricted stock financial

"vesting of restricted stock that was granted on May 9, 2024"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Chief Commercial Officer financial

"officer_title": "Chief Commercial Officer""

A chief commercial officer (CCO) is the senior executive responsible for a company’s revenue-generating activities, including sales, marketing, pricing, customer relationships and business development. Think of the CCO as the head coach who builds the game plan to win customers and grow sales; their effectiveness affects how fast a company earns money, enters new markets and sustains profits, making the role a key signal for investors about future revenue and competitive strength.

Form 4 Insider Transactions: What Each Field Means →

05/08/2026 - 04:19 PM

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).

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^*

Khemakhem Anis

(Last)

(First)

(Middle)

7050 WINNETKA AVE N STE 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/06/2026		F⁽¹⁾		635	D	$30.28	26,810	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Payment of taxes by withholding shares on vesting of restricted stock that was granted on May 9, 2024.

	Darrell Hammond by Powerof Attorney for Anis Khemakhem	05/08/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Clearfield (CLFD) executive Anis Khemakhem report in this Form 4?

Anis Khemakhem reported a tax-related share disposition. Clearfield withheld 635 common shares at $30.28 each to cover taxes due on restricted stock vesting, leaving him with 26,810 directly held shares after the transaction.

Was the Clearfield (CLFD) Form 4 transaction an open-market sale?

No, the transaction was not an open-market sale. The 635 shares were withheld by Clearfield to pay tax obligations when previously granted restricted stock vested, a common administrative step in equity compensation plans.

How many Clearfield (CLFD) shares does Anis Khemakhem hold after this tax withholding?

After the tax-withholding disposition, Anis Khemakhem holds 26,810 Clearfield common shares directly. This figure reflects his remaining stake following the 635 shares withheld to cover taxes on vested restricted stock granted in May 2024.

What price was used for the withheld Clearfield (CLFD) shares in this Form 4?

The withheld shares were valued at $30.28 per Clearfield common share. This price was applied to 635 shares that were retained by the company to satisfy tax obligations related to the vesting of restricted stock.