STOCK TITAN

[8-K] Clene Inc. Reports Material Event

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8-K
Rhea-AI Filing Summary

LandBridge Company LLC (LB) – Insider Form 4 Filing

Executive Vice President & Chief Administrative Officer Jason Frederick Williams filed a Form 4 covering activity on 1 July 2025. The filing discloses that 9,757 Class A shares were withheld and automatically disposed of at an indicated price of $66.38 per share. The transaction is coded “F”, meaning the shares were surrendered solely to satisfy federal and state tax-withholding obligations on the vesting of previously granted restricted share units (RSUs) under the company’s Long-Term Incentive Plan. No open-market sale or purchase occurred.

Following the tax-related share withholding, Williams’ direct beneficial ownership stands at 64,633 Class A shares. The filing lists no new derivative securities, option exercises or additional equity grants.

Because the disposition was mandatory for tax purposes, it does not necessarily signal a change in Williams’ view of the company’s prospects. Investors typically view Code F transactions as neutral relative to discretionary insider buying or selling, although they still modestly increase public float by releasing shares into the market.

LandBridge Company LLC (LB) – Comunicazione Insider Modulo 4

Il Vicepresidente Esecutivo e Chief Administrative Officer Jason Frederick Williams ha presentato un Modulo 4 relativo a un'operazione del 1 luglio 2025. La comunicazione rivela che 9.757 azioni di Classe A sono state trattenute e automaticamente cedute al prezzo indicato di 66,38$ per azione. L'operazione è codificata come “F”, il che significa che le azioni sono state consegnate esclusivamente per soddisfare gli obblighi fiscali federali e statali derivanti dalla tassazione delle unità azionarie vincolate (RSU) precedentemente assegnate nell'ambito del Piano di Incentivi a Lungo Termine della società. Non si è verificata alcuna vendita o acquisto sul mercato aperto.

Dopo la trattenuta fiscale, la posizione diretta di proprietà benefica di Williams è pari a 64.633 azioni di Classe A. La comunicazione non segnala nuovi strumenti derivati, esercizi di opzioni o ulteriori assegnazioni di azioni.

Poiché la cessione è stata obbligatoria per motivi fiscali, non indica necessariamente un cambiamento nella percezione di Williams sulle prospettive della società. Gli investitori generalmente considerano le transazioni di tipo Codice F come neutre rispetto agli acquisti o alle vendite discrezionali degli insider, anche se aumentano leggermente la flottante pubblica rilasciando azioni sul mercato.

LandBridge Company LLC (LB) – Presentación de Formulario Insider 4

El Vicepresidente Ejecutivo y Director Administrativo Jason Frederick Williams presentó un Formulario 4 que cubre actividades del 1 de julio de 2025. La presentación revela que 9.757 acciones Clase A fueron retenidas y automáticamente vendidas a un precio indicado de por acción. La transacción está codificada como “F”, lo que significa que las acciones se entregaron únicamente para cumplir con las obligaciones fiscales federales y estatales relacionadas con la retención de impuestos sobre la consolidación de unidades restringidas de acciones (RSU) previamente otorgadas bajo el Plan de Incentivos a Largo Plazo de la compañía. No hubo venta ni compra en el mercado abierto.

Tras la retención de acciones por impuestos, la propiedad directa beneficiosa de Williams se sitúa en 64.633 acciones Clase A. La presentación no menciona nuevos valores derivados, ejercicios de opciones ni concesiones adicionales de acciones.

Dado que la disposición fue obligatoria por motivos fiscales, no necesariamente indica un cambio en la opinión de Williams sobre las perspectivas de la empresa. Los inversores suelen considerar las transacciones de Código F como neutras en comparación con las compras o ventas discrecionales de los insiders, aunque aumentan ligeramente el flotante público al liberar acciones al mercado.

LandBridge Company LLC (LB) – 내부자 양식 4 신고

수석 부사장 겸 최고 행정 책임자 제이슨 프레더릭 윌리엄스2025년 7월 1일의 활동을 포함하는 양식 4를 제출했습니다. 신고서에 따르면 9,757주 클래스 A 주식원천징수되어 자동으로 처분되었으며, 주당 가격은 $66.38로 표시되어 있습니다. 거래 코드는 “F”로, 이는 해당 주식이 회사의 장기 인센티브 계획에 따라 이전에 부여된 제한 주식 단위(RSU)의 취득에 대한 연방 및 주 세금 원천징수 의무를 충족하기 위해서만 양도되었음을 의미합니다. 공개 시장에서의 매매는 없었습니다.

세금 관련 주식 원천징수 후, 윌리엄스의 직접 실질 소유권64,633주 클래스 A입니다. 신고서에는 새로운 파생 증권, 옵션 행사 또는 추가 주식 부여가 없습니다.

처분이 세금 목적상 의무적이었기 때문에, 이는 반드시 윌리엄스가 회사 전망에 대해 생각이 바뀌었다는 신호는 아닙니다. 투자자들은 일반적으로 코드 F 거래를 임의적인 내부자 매매에 비해 중립적으로 보지만, 시장에 주식을 풀어 공공 유통 주식 수를 약간 증가시키기도 합니다.

LandBridge Company LLC (LB) – Dépôt du formulaire d’initié 4

Le vice-président exécutif et directeur administratif Jason Frederick Williams a déposé un formulaire 4 couvrant une activité du 1er juillet 2025. Le dépôt révèle que 9 757 actions de Classe A ont été retenues et automatiquement cédées à un prix indiqué de 66,38 $ par action. La transaction est codée « F », ce qui signifie que les actions ont été remises uniquement pour satisfaire aux obligations fédérales et étatiques de retenue d’impôt liées à l’acquisition d’unités d’actions restreintes (RSU) précédemment attribuées dans le cadre du Plan d’incitation à long terme de la société. Aucune vente ou achat sur le marché ouvert n’a eu lieu.

Après la retenue fiscale sur les actions, la possession directe effective de Williams s’élève à 64 633 actions de Classe A. Le dépôt ne mentionne aucun nouveau titre dérivé, exercice d’option ou attribution supplémentaire d’actions.

Étant donné que la cession était obligatoire pour des raisons fiscales, elle ne signifie pas nécessairement un changement dans la perception de Williams quant aux perspectives de la société. Les investisseurs considèrent généralement les transactions de code F comme neutres par rapport aux achats ou ventes discrétionnaires des initiés, bien qu’elles augmentent légèrement le flottant public en libérant des actions sur le marché.

LandBridge Company LLC (LB) – Insider Formular 4 Einreichung

Der Executive Vice President und Chief Administrative Officer Jason Frederick Williams reichte ein Formular 4 ein, das Aktivitäten vom 1. Juli 2025 abdeckt. Die Einreichung offenbart, dass 9.757 Class A Aktien einbehalten und automatisch veräußert wurden, zu einem angegebenen Preis von 66,38 $ pro Aktie. Die Transaktion ist mit „F“ codiert, was bedeutet, dass die Aktien ausschließlich zur Erfüllung der bundes- und staatlichen Steuerabzugsverpflichtungen im Zusammenhang mit der Übertragung zuvor gewährter Restricted Share Units (RSUs) im Rahmen des langfristigen Anreizplans des Unternehmens abgegeben wurden. Kein Verkauf oder Kauf am offenen Markt fand statt.

Nach der steuerbedingten Einbehaltung beträgt Williams’ direkter wirtschaftlicher Eigentumsanteil 64.633 Class A Aktien. Die Einreichung listet keine neuen derivativen Wertpapiere, Optionsausübungen oder zusätzliche Aktienzuteilungen auf.

Da die Veräußerung aus steuerlichen Gründen verpflichtend war, signalisiert sie nicht zwangsläufig eine Änderung von Williams’ Einschätzung der Unternehmensperspektiven. Investoren betrachten Code-F-Transaktionen typischerweise als neutral im Vergleich zu diskretionären Insiderkäufen oder -verkäufen, obwohl sie den Streubesitz durch die Freigabe von Aktien auf dem Markt leicht erhöhen.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Tax-related share withholding; neutral signal.

The 9,757-share disposal, valued near $0.65 million, was executed under Code F for RSU tax obligations, so it is mechanically driven rather than discretionary. Williams retains a sizeable 64,633-share stake, suggesting continued economic alignment with shareholders. As no derivatives or open-market trades were involved, the filing has limited market impact. Liquidity effects are negligible given typical daily volume for comparable small-cap energy infrastructure firms. Overall, I classify the event as neutral.

TL;DR: Routine insider tax settlement; not governance-related.

Code F Form 4s reflect pre-arranged tax compliance, not opportunistic trading. The transaction aligns with best-practice equity-based compensation policies and raises no red-flag governance issues. Williams’ remaining stake preserves incentive alignment. From a governance oversight perspective, this filing is not impactful.

LandBridge Company LLC (LB) – Comunicazione Insider Modulo 4

Il Vicepresidente Esecutivo e Chief Administrative Officer Jason Frederick Williams ha presentato un Modulo 4 relativo a un'operazione del 1 luglio 2025. La comunicazione rivela che 9.757 azioni di Classe A sono state trattenute e automaticamente cedute al prezzo indicato di 66,38$ per azione. L'operazione è codificata come “F”, il che significa che le azioni sono state consegnate esclusivamente per soddisfare gli obblighi fiscali federali e statali derivanti dalla tassazione delle unità azionarie vincolate (RSU) precedentemente assegnate nell'ambito del Piano di Incentivi a Lungo Termine della società. Non si è verificata alcuna vendita o acquisto sul mercato aperto.

Dopo la trattenuta fiscale, la posizione diretta di proprietà benefica di Williams è pari a 64.633 azioni di Classe A. La comunicazione non segnala nuovi strumenti derivati, esercizi di opzioni o ulteriori assegnazioni di azioni.

Poiché la cessione è stata obbligatoria per motivi fiscali, non indica necessariamente un cambiamento nella percezione di Williams sulle prospettive della società. Gli investitori generalmente considerano le transazioni di tipo Codice F come neutre rispetto agli acquisti o alle vendite discrezionali degli insider, anche se aumentano leggermente la flottante pubblica rilasciando azioni sul mercato.

LandBridge Company LLC (LB) – Presentación de Formulario Insider 4

El Vicepresidente Ejecutivo y Director Administrativo Jason Frederick Williams presentó un Formulario 4 que cubre actividades del 1 de julio de 2025. La presentación revela que 9.757 acciones Clase A fueron retenidas y automáticamente vendidas a un precio indicado de por acción. La transacción está codificada como “F”, lo que significa que las acciones se entregaron únicamente para cumplir con las obligaciones fiscales federales y estatales relacionadas con la retención de impuestos sobre la consolidación de unidades restringidas de acciones (RSU) previamente otorgadas bajo el Plan de Incentivos a Largo Plazo de la compañía. No hubo venta ni compra en el mercado abierto.

Tras la retención de acciones por impuestos, la propiedad directa beneficiosa de Williams se sitúa en 64.633 acciones Clase A. La presentación no menciona nuevos valores derivados, ejercicios de opciones ni concesiones adicionales de acciones.

Dado que la disposición fue obligatoria por motivos fiscales, no necesariamente indica un cambio en la opinión de Williams sobre las perspectivas de la empresa. Los inversores suelen considerar las transacciones de Código F como neutras en comparación con las compras o ventas discrecionales de los insiders, aunque aumentan ligeramente el flotante público al liberar acciones al mercado.

LandBridge Company LLC (LB) – 내부자 양식 4 신고

수석 부사장 겸 최고 행정 책임자 제이슨 프레더릭 윌리엄스2025년 7월 1일의 활동을 포함하는 양식 4를 제출했습니다. 신고서에 따르면 9,757주 클래스 A 주식원천징수되어 자동으로 처분되었으며, 주당 가격은 $66.38로 표시되어 있습니다. 거래 코드는 “F”로, 이는 해당 주식이 회사의 장기 인센티브 계획에 따라 이전에 부여된 제한 주식 단위(RSU)의 취득에 대한 연방 및 주 세금 원천징수 의무를 충족하기 위해서만 양도되었음을 의미합니다. 공개 시장에서의 매매는 없었습니다.

세금 관련 주식 원천징수 후, 윌리엄스의 직접 실질 소유권64,633주 클래스 A입니다. 신고서에는 새로운 파생 증권, 옵션 행사 또는 추가 주식 부여가 없습니다.

처분이 세금 목적상 의무적이었기 때문에, 이는 반드시 윌리엄스가 회사 전망에 대해 생각이 바뀌었다는 신호는 아닙니다. 투자자들은 일반적으로 코드 F 거래를 임의적인 내부자 매매에 비해 중립적으로 보지만, 시장에 주식을 풀어 공공 유통 주식 수를 약간 증가시키기도 합니다.

LandBridge Company LLC (LB) – Dépôt du formulaire d’initié 4

Le vice-président exécutif et directeur administratif Jason Frederick Williams a déposé un formulaire 4 couvrant une activité du 1er juillet 2025. Le dépôt révèle que 9 757 actions de Classe A ont été retenues et automatiquement cédées à un prix indiqué de 66,38 $ par action. La transaction est codée « F », ce qui signifie que les actions ont été remises uniquement pour satisfaire aux obligations fédérales et étatiques de retenue d’impôt liées à l’acquisition d’unités d’actions restreintes (RSU) précédemment attribuées dans le cadre du Plan d’incitation à long terme de la société. Aucune vente ou achat sur le marché ouvert n’a eu lieu.

Après la retenue fiscale sur les actions, la possession directe effective de Williams s’élève à 64 633 actions de Classe A. Le dépôt ne mentionne aucun nouveau titre dérivé, exercice d’option ou attribution supplémentaire d’actions.

Étant donné que la cession était obligatoire pour des raisons fiscales, elle ne signifie pas nécessairement un changement dans la perception de Williams quant aux perspectives de la société. Les investisseurs considèrent généralement les transactions de code F comme neutres par rapport aux achats ou ventes discrétionnaires des initiés, bien qu’elles augmentent légèrement le flottant public en libérant des actions sur le marché.

LandBridge Company LLC (LB) – Insider Formular 4 Einreichung

Der Executive Vice President und Chief Administrative Officer Jason Frederick Williams reichte ein Formular 4 ein, das Aktivitäten vom 1. Juli 2025 abdeckt. Die Einreichung offenbart, dass 9.757 Class A Aktien einbehalten und automatisch veräußert wurden, zu einem angegebenen Preis von 66,38 $ pro Aktie. Die Transaktion ist mit „F“ codiert, was bedeutet, dass die Aktien ausschließlich zur Erfüllung der bundes- und staatlichen Steuerabzugsverpflichtungen im Zusammenhang mit der Übertragung zuvor gewährter Restricted Share Units (RSUs) im Rahmen des langfristigen Anreizplans des Unternehmens abgegeben wurden. Kein Verkauf oder Kauf am offenen Markt fand statt.

Nach der steuerbedingten Einbehaltung beträgt Williams’ direkter wirtschaftlicher Eigentumsanteil 64.633 Class A Aktien. Die Einreichung listet keine neuen derivativen Wertpapiere, Optionsausübungen oder zusätzliche Aktienzuteilungen auf.

Da die Veräußerung aus steuerlichen Gründen verpflichtend war, signalisiert sie nicht zwangsläufig eine Änderung von Williams’ Einschätzung der Unternehmensperspektiven. Investoren betrachten Code-F-Transaktionen typischerweise als neutral im Vergleich zu diskretionären Insiderkäufen oder -verkäufen, obwohl sie den Streubesitz durch die Freigabe von Aktien auf dem Markt leicht erhöhen.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 3, 2025

CLENE INC.
(Exact name of registrant as specified in its charter)

 
Delaware
001-39834
85-2828339
(State or other jurisdiction
(Commission File Number)
(IRS Employer
of incorporation)
 
Identification No.)
     
6550 South Millrock Drive, Suite G50
Salt Lake City, Utah
 
84121
(Address of principal executive offices)
 
(Zip Code)
(801) 676-9695
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
 
Trading Symbol(s)
 
Name of each exchange on which registered
Common Stock, $0.0001 par value
 
CLNN
 
The Nasdaq Capital Market
Warrants, to acquire one-fortieth of one share of Common Stock for $230.00 per share
  CLNNW  
The Nasdaq Capital Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 

 
Item 8.01 Other Events.
 
On April 28, 2025, Clene Inc. (the “Company”) entered into an equity distribution agreement (the “Equity Distribution Agreement”) with Canaccord Genuity LLC as placement agent (the “Placement Agent”) to offer and sell shares of its common stock, par value $0.0001 per share (“Common Stock”), having an aggregate offering price of up to $25,000,000 from time to time through the Placement Agent. Prior to the date hereof, the Company sold shares of common stock having an aggregate sales price of approximately $1,713,263 under the Equity Distribution Agreement. On July 3, 2025, the Company filed a prospectus supplement under the Equity Distribution Agreement for an aggregate of $2,015,000 of additional shares of Common Stock. A copy of the legal opinion of Holland & Knight LLP, relating to the validity of the shares in connection with the Equity Distribution Agreement is filed as Exhibit 5.1 to this Current Report on Form 8-K and is incorporated herein by reference.
 
Item 9.01 Financial Statements and Exhibits.
 
(d) Exhibits
 
Exhibit Number   Exhibit Description
5.1   Opinion of Holland & Knight LLP.
23.1   Consent of Holland & Knight LLP (contained in Exhibit 5.1).
104   Cover Page Interactive Data File (formatted as Inline XBRL).
 
1

 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
 
 
CLENE INC.
   
Date: July 3, 2025
By:
/s/ Robert Etherington
   
Robert Etherington
   
President and Chief Executive Officer
 
2
 

FAQ

What did LandBridge (LB) file on July 3 2025?

A Form 4 reporting insider share withholding by EVP & CAO Jason F. Williams related to RSU vesting.

How many LandBridge shares were disposed of in the filing?

Williams had 9,757 Class A shares withheld to cover tax obligations.

What is Transaction Code F on a Form 4?

Code F indicates shares withheld solely for tax withholding on equity-award vesting, not a discretionary sale.

How many LandBridge shares does the insider now own?

After the transaction, Williams directly owns 64,633 Class A shares.

Does this Form 4 imply a bearish outlook from management?

Not necessarily; tax-driven Code F dispositions are generally considered neutral regarding insider sentiment.
Clene

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