Clearfield (CLFD) CEO sells 1,778 shares under 10b5-1 plan

Rhea-AI Filing Summary

Clearfield, Inc. Chief Executive Officer Cheryl Beranek reported an open-market sale of 1,778 shares of Clearfield common stock. The shares were sold on July 1, 2026 at a weighted average price of $40.06 per share, in multiple trades between $40.00 and $40.25.

The transactions were executed pursuant to a Rule 10b5-1 trading plan adopted by Beranek on December 15, 2025. Following this sale, she continues to hold 492,973 shares of Clearfield common stock directly.

Insider Trade Summary 10b5-1

Net Seller: 1,778 shares ($71,227)

Net Sell 1 txn

Insider Beranek Cheryl

Role Chief Executive Officer

Sold 1,778 shs ($71K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,778	$40.06	$71K

Holdings After Transaction: Common Stock — 492,973 shares (Direct)

Footnotes (1)

1. The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 15, 2025. The price in column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $40.00 to $40.25. The reporting person undertakes to provide Clearfield, Inc., any security holder of Clearfield, Inc., or the staff of the Securities and Exchange Commission, upon request, with full information regarding the number of shares sold at each separate price set forth in the footnote.

Key Figures

Shares sold: 1,778 shares Weighted average sale price: $40.06 per share Sale price range: $40.00 to $40.25 +2 more

5 metrics

Shares sold 1,778 shares Open-market sale on July 1, 2026

Weighted average sale price $40.06 per share Common stock sale on July 1, 2026

Sale price range $40.00 to $40.25 Range of individual trade prices

Shares held after transaction 492,973 shares Direct ownership by CEO after sale

Trading plan adoption date December 15, 2025 Rule 10b5-1 plan used for this sale

Key Terms

Rule 10b5-1 trading plan, weighted average price, open-market sale, Form 4

4 terms

Rule 10b5-1 trading plan regulatory

"The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 15, 2025."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average price financial

"The price in column 4 is the weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 regulatory

"The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"

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.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 05:45 PM Accepted by SEC EDGAR 07/06/2026 - 05:45 PM Learn about SEC filing dates

FAQ

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

Clearfield reported that CEO Cheryl Beranek sold 1,778 shares of common stock in an open-market transaction. The sale occurred on July 1, 2026, at a weighted average price of $40.06 per share, with trades ranging from $40.00 to $40.25.

At what price did the Clearfield (CLFD) CEO sell her shares?

Cheryl Beranek sold 1,778 Clearfield shares at a weighted average price of $40.06 per share. The filing notes individual trades were executed between $40.00 and $40.25 per share across multiple transactions on the same date.

How many Clearfield (CLFD) shares does the CEO hold after this sale?

After the reported sale, CEO Cheryl Beranek directly holds 492,973 shares of Clearfield common stock. This post-transaction ownership figure comes from the Form 4 and reflects her remaining direct stake following the 1,778-share open-market sale.

Was the Clearfield (CLFD) CEO’s stock sale under a 10b5-1 trading plan?

Yes. The Form 4 states the transactions were effected under a Rule 10b5-1 trading plan adopted by Cheryl Beranek on December 15, 2025. This indicates the sales followed a pre-established trading arrangement disclosed in the filing.

What does the weighted average price mean in the Clearfield (CLFD) Form 4?

The Form 4 reports a weighted average sale price of $40.06 per share for 1,778 shares. It explains that the stock was sold in multiple trades between $40.00 and $40.25, and detailed per-trade pricing is available upon request.

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).

X

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)
07/01/2026

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	07/01/2026		S(1)		1,778	D	$40.06(2)	492,973	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. The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 15, 2025.

2. The price in column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $40.00 to $40.25. The reporting person undertakes to provide Clearfield, Inc., any security holder of Clearfield, Inc., or the staff of the Securities and Exchange Commission, upon request, with full information regarding the number of shares sold at each separate price set forth in the footnote.

	Darrell Hammond by Power of Attorney for Cheryl Beranek	07/06/2026
	** 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)