ClearSign Technologies (CLIR) insider buys 500,000 common shares
Rhea-AI Filing Summary
John M. Pasquesi, a more than 10% owner of ClearSign Technologies Corp (CLIR), reported that Otter Capital LLC purchased 500,000 shares of common stock on July 22, 2026 at $3.54 per share, increasing its indirect holdings to 1,343,477 shares. These share amounts reflect a 1-for-10 reverse stock split of ClearSign’s common stock effective March 16, 2026, and Pasquesi is the managing member of Otter Capital LLC.
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Insights
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Insider Trade Summary
Net Buyer: 500,000 shares
Net Buy
1 txn
Insider
PASQUESI JOHN M
Role
10% Owner
Bought
500,000 shs ($1.77M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1, F2 | 500,000 | $3.54 | $1.77M |
Holdings After Transaction:
Common Stock — 1,343,477 shares (Indirect, By Otter Capital LLC)
Footnotes (2)
- F1. The Issuer effected a reverse stock split of its outstanding common stock at a ratio of 1-for-10, effective as of 12:01 a.m., Eastern Time, on March 16, 2026.
- F2. The reporting person is the managing member of Otter Capital LLC.
Key Figures
Shares purchased: 500,000 shares
Purchase price: $3.54 per share
Indirect holdings after purchase: 1,343,477 shares
+3 more
6 metrics
Shares purchased
500,000 shares
Common stock purchased on July 22, 2026
Purchase price
$3.54 per share
Price for the July 22, 2026 common stock purchase
Indirect holdings after purchase
1,343,477 shares
Common stock indirectly held by Otter Capital LLC after the transaction
Reverse stock split ratio
1-for-10
Reverse split of outstanding common stock effective March 16, 2026
Reverse stock split date
March 16, 2026
Effective date of the 1-for-10 reverse stock split
Transaction date
July 22, 2026
Date of common stock purchase reported by the more than 10% owner
Key Terms
reverse stock split, managing member, indirect
3 terms
reverse stock split financial
"The Issuer effected a reverse stock split of its outstanding common stock"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
managing member financial
"The reporting person is the managing member of Otter Capital LLC"
indirect financial
""ownership_type": "indirect" for the common stock position"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did ClearSign Technologies (CLIR) report?
ClearSign Technologies (CLIR) reported that Otter Capital LLC, managed by John M. Pasquesi, purchased 500,000 shares of common stock at $3.54 per share. The Form 4 filing reflects this indirect ownership change for a more than 10% shareholder.
Who is John M. Pasquesi in relation to ClearSign Technologies (CLIR)?
John M. Pasquesi is disclosed as a more than 10% owner of ClearSign Technologies (CLIR) and the managing member of Otter Capital LLC. The reported common stock position is held indirectly through Otter Capital LLC rather than in his name personally.
What reverse stock split did ClearSign Technologies (CLIR) implement?
ClearSign Technologies implemented a 1-for-10 reverse stock split of its outstanding common stock, effective March 16, 2026. The share amounts reported in John M. Pasquesi’s Form 4, including total indirect holdings, are stated on a post-split basis according to the disclosure.