ClearSign (NASDAQ: CLIR) CEO updates bonus grant and tax-withheld shares
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
ClearSign Technologies Corp Chief Executive Officer Colin James Deller amended a prior insider report to correct details of a stock bonus. On February 26, 2026, he received 7,001 shares of common stock as a one-time bonus grant, valued at $5.616 per share after a 1-for-10 reverse split.
To cover taxes, 3,501 shares were disposed of through tax withholding, a non-market transaction, leaving Deller with 34,967 common shares held directly. The amendment updates the originally reported grant size, tax-withheld amount, and resulting beneficial ownership tied to 2025 executive services.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Deller Colin James
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,001 | $5.616 | $39K |
| Tax Withholding | Common Stock | 3,501 | $5.616 | $20K |
Holdings After Transaction:
Common Stock — 34,967 shares (Direct, null)
Footnotes (1)
- On March 2, 2026, the reporting person filed a Form 4 reporting the receipt of 210,043 shares of the Issuer's common stock, on a pre-reverse stock split basis, as a one-time bonus grant for services as an executive officer for the year ended December 31, 2025 (the "Original Form 4"). This amendment to the Original Form 4 is being filed to correct (i) the number of shares received in connection with the reporting person's one-time bonus grant, (ii) the number of shares withheld for tax purposes, and (iii) the number of securities beneficially owned following such transactions. The number of shares withheld is based on the closing price of the Issuer's common stock on February 26, 2026, of $5.616, as adjusted for the 1-for-10 reverse stock split effected by the Issuer on March 16, 2026. Amounts and price per share figures have been adjusted to reflect the 1-for-10 reverse stock split effected by the Issuer on March 16, 2026.
Key Figures
Tax-withheld shares: 3,501 shares
Bonus shares granted: 7,001 shares
Price per share: $5.616 per share
+3 more
6 metrics
Tax-withheld shares
3,501 shares
Common Stock withheld for taxes at $5.616 on Feb 26, 2026
Bonus shares granted
7,001 shares
Common Stock bonus grant at $5.616 on Feb 26, 2026
Price per share
$5.616 per share
Closing price used to calculate tax-withheld shares on Feb 26, 2026
Shares owned after transactions
34,967 shares
CEO’s direct beneficial ownership following bonus and withholding
Reverse stock split ratio
1-for-10
Reverse split effected on March 16, 2026 for all figures
Original bonus shares (pre-split)
210,043 shares
Pre-reverse-split bonus grant reported in original Form 4
Key Terms
Form 4, reverse stock split, tax-withholding disposition, one-time bonus grant, +1 more
5 terms
Form 4 regulatory
"the reporting person filed a Form 4 reporting the receipt of 210,043 shares"
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.
reverse stock split financial
"adjusted for the 1-for-10 reverse stock split effected by the Issuer on March 16, 2026"
A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition","transaction_code_description""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
one-time bonus grant financial
"as a one-time bonus grant for services as an executive officer"
beneficially owned financial
"to correct ... the number of securities beneficially owned following such transactions"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
What insider transactions did ClearSign (CLIR) report for its CEO on February 26, 2026?
ClearSign CEO Colin James Deller received 7,001 common shares as a one-time bonus grant on February 26, 2026. To cover taxes, 3,501 shares were withheld, leaving him with 34,967 shares directly owned after these compensation-related transactions.
Was the ClearSign (CLIR) CEO’s Form 4/A transaction an open-market buy or sell?
The filing shows no open-market buying or selling. Instead, the CEO received 7,001 shares as a stock bonus and 3,501 shares were disposed of solely through tax withholding, a non-market mechanism to satisfy tax obligations on the equity award.
What role did tax withholding play in the ClearSign (CLIR) CEO’s Form 4/A?
The Form 4/A shows 3,501 shares were used for tax-withholding, classified as a tax-withholding disposition at $5.616 per share. This mechanism settles tax liabilities on the stock bonus without the CEO executing an actual sale in the open market.