ClearSign director Silva receives 4,225 stock units
A director's RSUs vest on the first of four specified events, while the options were immediately exercisable and expire September 29, 2036.
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Rhea-AI Filing Summary
ClearSign Technologies Corp director Gil Todd Silva acquired 4,225 restricted stock units and 3,766 non-statutory stock options on September 30, 2026, as compensation for services as a non-employee director.
Each RSU represents a right to receive one share of common stock or its cash equivalent and vests upon the first of a Change in Control, disability, death, or separation from service. The options were immediately vested and exercisable at $3.55 per share and expire September 29, 2036. The reported post-transaction amounts were 23,801 RSUs and 3,766 options.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 4,225 | $0.00 | $0.00 |
| Grant/Award | Non-Statutory Stock Options F3 | 3,766 | $0.00 | $0.00 |
Footnotes (3)
- F1. As compensation for services as a non-employee director during the quarter ended September 30, 2026, the reporting person was granted restricted stock units ("RSUs") under the ClearSign Technologies Corporation Amended and Restated 2021 Equity Incentive Plan (the "Plan") pursuant to the issuer's non-employee director compensation policy, and each RSU represents a right to receive one share of common stock or the cash equivalent thereof.
- F2. The RSUs will vest upon the first to occur of: (1) a Change in Control (as defined in the applicable RSU award agreement), (2) the reporting person's Disability (as defined in the applicable RSU award agreement); (3) the reporting person's death; or (4) the reporting person's separation from service.
- F3. As compensation for services as a non-employee director during the quarter ended September 30, 2026, the reporting person was granted non-statutory stock options to purchase 3,766 shares of common stock under the Plan pursuant to the issuer's non-employee director compensation policy. These non-statutory stock options were immediately vested and exercisable on the grant date.
Key Figures
Key Terms
restricted stock units financial
non-statutory stock options financial
Change in Control technical
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