[Form 4] Clearfield, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Clearfield, Inc. (CLFD) insider activity: Chief Operating Officer John P. Hill reported routine share-withholding transactions related to restricted stock vesting. On 11/16/2025, the company withheld 1,020, 2,017 and 2,653 shares of Clearfield common stock at a price of $30.72 per share to cover tax obligations as different 33% tranches of prior restricted stock grants vested. After these tax-withholding transactions, Hill directly beneficially owns 161,435 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

OMB APPROVAL

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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^*

Hill John P

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/16/2025

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	11/16/2025		F(1)		1,020	D	$30.72	166,105	D
Common Stock	11/16/2025		F(2)		2,017	D	$30.72	164,088	D
Common Stock	11/16/2025		F(3)		2,653	D	$30.72	161,435	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. Payment of taxes by withholding shares on vesting the last 33% of restricted stock that was granted on February 24, 2023.

2. Payment of taxes by withholding shares on vesting the second 33% of restricted stock that was granted on November 16, 2023.

3. Payment of taxes by withholding shares on vesting the first 33% of restricted stock that was granted on November 26, 2024

	Darrell Hammond by Power of Attorney for John P. Hill	11/19/2025
	** 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.
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FAQ

What insider transaction did Clearfield (CLFD) report in this Form 4?

The filing reports that Chief Operating Officer John P. Hill had shares of Clearfield common stock withheld on 11/16/2025 to pay taxes due upon vesting of restricted stock awards.

How many Clearfield (CLFD) shares were withheld for taxes from John P. Hill?

On 11/16/2025, a total of 1,020, 2,017 and 2,653 Clearfield common shares were withheld at $30.72 per share in three separate tax-withholding transactions.

What awards were vesting for Clearfield (CLFD) COO John P. Hill?

The transactions relate to payments of taxes by withholding shares on vesting of 33% tranches of restricted stock granted on February 24, 2023, November 16, 2023, and November 26, 2024.

How many Clearfield (CLFD) shares does John P. Hill own after these transactions?

Following the reported tax-withholding transactions, John P. Hill directly beneficially owns 161,435 shares of Clearfield common stock.

Is this Clearfield (CLFD) Form 4 a sale into the market or tax withholding?

The filing explains that the transactions are payments of taxes by withholding shares upon restricted stock vesting, rather than open-market sales initiated by the executive.

What is John P. Hill’s role at Clearfield (CLFD)?

John P. Hill is reported as an officer of Clearfield, Inc., serving as the company’s Chief Operating Officer.