Clearfield (CLFD) director trims stake with 2,391-share sale

Rhea-AI Filing Summary

Clearfield, Inc. director Walter Louis Jones Jr reported an open-market sale of Common Stock. On May 11, 2026, he sold 2,391 shares at $46.05 per share. After this transaction, he directly holds 8,682 shares of Clearfield common stock.

Insider Trade Summary

Net Seller: 2,391 shares ($110,106)

Net Sell 1 txn

Insider Jones Walter Louis JR

Role null

Sold 2,391 shs ($110K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,391	$46.05	$110K

Holdings After Transaction: Common Stock — 8,682 shares (Direct, null)

Footnotes (1)

Key Figures

Shares sold: 2,391 shares Sale price: $46.05 per share Shares held after: 8,682 shares

3 metrics

Shares sold 2,391 shares Open-market sale of Common Stock on May 11, 2026

Sale price $46.05 per share Price for the 2,391-share sale on May 11, 2026

Shares held after 8,682 shares Director’s direct ownership following the reported sale

Key Terms

Common Stock, open-market sale, Sale in open market or private transaction, Form 4

4 terms

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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.

Sale in open market or private transaction financial

"transaction_code_description: "Sale in open market or private transaction""

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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Jones Walter Louis JR

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026

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	05/11/2026		S		2,391	D	$46.05	8,682	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:

	Darrell Hammond by Power of Attorney for Walter L. Jones, JR.	05/12/2026
	** 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)

FAQ

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

Clearfield reported that director Walter Louis Jones Jr completed an open-market sale of Common Stock. He sold 2,391 shares on May 11, 2026 at $46.05 per share, and continues to hold 8,682 shares directly after the transaction.

How many Clearfield (CLFD) shares did the director sell and at what price?

The director sold 2,391 shares of Clearfield Common Stock. The sale was executed at a price of $46.05 per share, according to the Form 4, and reflects an open-market sale or private transaction under SEC transaction code S.

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

After the reported transaction, the director directly holds 8,682 shares of Clearfield Common Stock. This post-transaction figure comes from the Form 4 and shows his remaining direct ownership following the 2,391-share sale on May 11, 2026.

What does transaction code S mean in the Clearfield (CLFD) Form 4?

Transaction code S in the Form 4 indicates a sale in the open market or a private transaction. For this Clearfield filing, it describes the director’s 2,391-share sale of Common Stock at $46.05 per share on May 11, 2026.

Was the Clearfield (CLFD) insider transaction a buy or sell action?

The Form 4 shows a sell action by the insider. Director Walter Louis Jones Jr executed an open-market sale of 2,391 shares of Clearfield Common Stock at $46.05 per share, reducing his holdings to 8,682 directly owned shares.