Clearfield CEO acquires 210 ESPP shares

Clearfield, Inc. Chief Executive Officer Cheryl Beranek acquired 210 shares of common stock through the company’s Employee Stock Purchase Plan.

Rhea-AI Filing Summary

Clearfield, Inc. Chief Executive Officer Cheryl Beranek acquired 210 shares of common stock through the company’s Employee Stock Purchase Plan. The shares were recorded at $24.78 per share, based on 85% of the closing price on December 31, 2025. Following this compensation-related acquisition, she directly holds 494,751 shares of Clearfield common stock.

Insider Trade Summary

Grant/Award: 210 shares

Grant/Award 1 txn

Insider Beranek Cheryl

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock (ESPP)	210	$24.78	$5K

Holdings After Transaction: Common Stock (ESPP) — 494,751 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: 210 shares Recorded ESPP price: $24.78 per share Shares held after transaction: 494,751 shares +1 more

4 metrics

ESPP shares acquired 210 shares Employee Stock Purchase Plan, period Jan 1–Jun 30, 2026

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

Shares held after transaction 494,751 shares Direct common stock ownership following ESPP acquisition

ESPP discount basis 85% of closing price Discount applied to Dec 31, 2025 closing share price

Key Terms

Employee Stock Purchase Plan, 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.

ESPP financial

"Common Stock (ESPP)"

An Employee Stock Purchase Plan (ESPP) is a company program that lets employees buy the company’s shares at a reduced price, usually by setting aside a small portion of their pay over time. It matters to investors because it encourages employees to own part of the business—like giving staff a discounted membership— which can boost commitment and performance, while also potentially increasing the number of shares available and affecting shareholder value.

grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

FAQ

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

What insider transaction did Clearfield (CLFD) report for CEO Cheryl Beranek?

Clearfield reported that CEO Cheryl Beranek acquired 210 shares of common stock through the Employee Stock Purchase Plan. The transaction is categorized as a grant or award-type acquisition rather than an open-market purchase, reflecting routine participation in the company’s compensation program.

At what price were Cheryl Beranek’s new Clearfield (CLFD) shares acquired?

The 210 Clearfield shares acquired by CEO Cheryl Beranek were recorded at $24.78 per share. According to the footnote, the Employee Stock Purchase Plan price was based on 85% of Clearfield’s closing share price on December 31, 2025.

How many Clearfield (CLFD) shares does CEO Cheryl Beranek hold after this Form 4 transaction?

After this Employee Stock Purchase Plan acquisition, CEO Cheryl Beranek directly holds 494,751 shares of Clearfield common stock. This total includes the additional 210 shares purchased under the plan during the January 1 to June 30, 2026 offering period.

Was Cheryl Beranek’s Clearfield (CLFD) ESPP transaction an open-market stock purchase?

No, the transaction was not an open-market stock purchase. It was an acquisition of 210 shares through Clearfield’s Employee Stock Purchase Plan, categorized as a grant, award, or other acquisition with pricing based on 85% of the December 31, 2025 closing price.

What period does the Clearfield (CLFD) Employee Stock Purchase Plan transaction cover?

The Employee Stock Purchase Plan transaction for CEO Cheryl Beranek covers the period from January 1, 2026 to June 30, 2026. Shares acquired under the plan during this timeframe were purchased using a price derived from the December 31, 2025 closing share price.

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

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Accepted by SEC EDGAR 07/02/2026 - 09:37 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^*

Beranek Cheryl

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive 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		210(1)	A	$24.78	494,751	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 Cheryl Beranek	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)