Clearfield CFO acquires shares via ESPP

Clearfield, Inc. Chief Financial Officer Daniel R. Herzog acquired additional company stock through the employee stock purchase plan.

Rhea-AI Filing Summary

Clearfield, Inc. Chief Financial Officer Daniel R. Herzog acquired additional company stock through the employee stock purchase plan. He obtained 752 shares of common stock labeled as "Common Stock (ESPP)" at a price of $24.78 per share, based on 85% of the closing price on December 31, 2025 for the purchase period from January 1 to June 30, 2026. Following this plan-related acquisition, he directly owns 85,834 shares of Clearfield common stock.

Insider Trade Summary

Grant/Award: 752 shares

Grant/Award 1 txn

Insider HERZOG DANIEL R

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock (ESPP)	752	$24.78	$19K

Holdings After Transaction: Common Stock (ESPP) — 85,834 shares (Direct)

Footnotes (1)

1. F1. Purchase of Common Shares through Employee Stock Purchase Plan for the period January 1 - June 30, 2026. In accordance with the ESPP, these shares were purchased based on 85% of the closing price on December 31, 2025.

Key Figures

ESPP shares acquired: 752 shares ESPP purchase price: $24.78 per share Post-transaction holdings: 85,834 shares +2 more

5 metrics

ESPP shares acquired 752 shares Common Stock (ESPP) on June 30, 2026

ESPP purchase price $24.78 per share Price based on 85% of Dec. 31, 2025 close

Post-transaction holdings 85,834 shares Total Clearfield common stock held directly by CFO

ESPP period January 1 - June 30, 2026 Period for which ESPP shares were purchased

ESPP discount basis 85% of closing price Based on Clearfield closing price on December 31, 2025

Key Terms

Employee Stock Purchase Plan, Common Stock (ESPP), Grant, award, or other acquisition

3 terms

Employee Stock Purchase Plan financial

"Purchase of Common Shares through Employee Stock Purchase Plan for the period January 1 - June 30, 2026."

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

Common Stock (ESPP) financial

"security_title: "Common Stock (ESPP)" for the reported transaction."

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition" for this Form 4 entry."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Clearfield (CLFD) report for CFO Daniel R. Herzog?

Clearfield reported that CFO Daniel R. Herzog acquired 752 shares of common stock through the company’s Employee Stock Purchase Plan. The shares relate to the January 1 to June 30, 2026 offering period and increase his direct ownership position in Clearfield.

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

After this ESPP acquisition, CFO Daniel R. Herzog directly holds 85,834 shares of Clearfield common stock. This total reflects the addition of 752 shares purchased through the Employee Stock Purchase Plan for the January 1 to June 30, 2026 period.

At what price were the ESPP shares acquired by the Clearfield (CLFD) CFO?

The 752 ESPP shares were acquired at $24.78 per share. According to the disclosure, the price was based on 85% of Clearfield’s closing stock price on December 31, 2025, consistent with the terms of the Employee Stock Purchase Plan.

Was the Clearfield (CLFD) CFO’s Form 4 transaction an open-market stock purchase?

No, the transaction was not an open-market purchase. The filing codes it as an acquisition under the Employee Stock Purchase Plan, meaning shares were obtained through a company plan mechanism rather than a discretionary buy on the open market.

What period does the Clearfield (CLFD) ESPP purchase by the CFO cover?

The ESPP purchase covers the period from January 1 to June 30, 2026. The filing notes that the 752 shares of common stock were bought through Clearfield’s Employee Stock Purchase Plan for this offering period, with pricing tied to December 31, 2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/02/2026 - 09:47 AM EDT Learn about SEC filing dates

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^*

HERZOG DANIEL R

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock (ESPP)	06/30/2026		A		752(1)	A	$24.78	85,834	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. Purchase of Common Shares through Employee Stock Purchase Plan for the period January 1 - June 30, 2026. In accordance with the ESPP, these shares were purchased based on 85% of the closing price on December 31, 2025.

	Darrell Hammond by Power of Attorney for Daniel Herzog	07/02/2026
	** 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)