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[Form 4] ClearSign Technologies Corporation Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

ClearSign Technologies (CLIR) â€� Form 4 insider filing: Director Gill Todd Silva was granted 32,638 restricted stock units (RSUs) on 07/01/2025 as non-executive board compensation under the 2021 Equity Incentive Plan. Each RSU entitles the holder to one common share (or cash equivalent) at a cost of $0, increasing Silva’s derivative holdings to 93,639 RSUs. The award contains contingent vesting; the units vest only upon the earliest of a change in control, disability, death, or separation from service. No shares were sold or otherwise disposed of, so the director’s beneficial ownership rose while the company incurred no immediate cash expense.

ClearSign Technologies (CLIR) � Comunicazione interna Form 4: Il direttore Gill Todd Silva ha ricevuto 32.638 unità azionarie vincolate (RSU) il 01/07/2025 come compenso non esecutivo del consiglio nell'ambito del Piano di Incentivi Azionari 2021. Ogni RSU dà diritto al possessore a una azione ordinaria (o equivalente in contanti) al costo di 0$, portando le partecipazioni derivanti di Silva a 93.639 RSU. Il premio prevede una vesting condizionata; le unità maturano solo al verificarsi della prima tra un cambio di controllo, disabilità, decesso o cessazione dal servizio. Non sono state vendute o cedute azioni, quindi la proprietà effettiva del direttore è aumentata senza che la società abbia sostenuto spese immediate in contanti.

ClearSign Technologies (CLIR) � Presentación interna Formulario 4: El director Gill Todd Silva recibió 32,638 unidades restringidas de acciones (RSU) el 01/07/2025 como compensación no ejecutiva del consejo bajo el Plan de Incentivos de Acciones 2021. Cada RSU otorga al titular una acción común (o equivalente en efectivo) a un costo de $0, aumentando las participaciones derivadas de Silva a 93,639 RSU. La concesión incluye adquisición condicionada; las unidades se consolidan solo ante el primero de un cambio de control, discapacidad, fallecimiento o separación del servicio. No se vendieron ni dispusieron acciones, por lo que la propiedad beneficiosa del director aumentó sin que la empresa incurriera en gastos de efectivo inmediatos.

ClearSign Technologies (CLIR) â€� ë‚´ë¶€ìž� ì‹ ê³ ì„� Form 4: ì´ì‚¬ Gill Todd SilvaëŠ� 2025ë…� 7ì›� 1ì� 2021ë…� ì£¼ì‹ ì¸ì„¼í‹°ë¸Œ 계íšì—� ë”°ë¼ ë¹„ìž„ì›� ì´ì‚¬íš� ë³´ìƒìœ¼ë¡œ 32,638ê°œì˜ ì œí•œ ì£¼ì‹ ë‹¨ìœ„(RSU)ë¥� 부여받았습니다. ê°� RSUëŠ� 보유ìžì—ê²� 1ì£� 보통ì£�(ë˜ëŠ” 현금 ìƒì‘ì•�)ë¥� $0ì� 비용으로 ë°›ì„ ê¶Œë¦¬ë¥� 부여하ì—� Silvaì� íŒŒìƒ ë³´ìœ ëŸ‰ì´ 93,639 RSUë¡� ì¦ê°€í–ˆìŠµë‹ˆë‹¤. ì� ë³´ìƒì€ ì¡°ê±´ë¶€ 베스íŒ�ì� í¬í•¨ë˜ì–´ 있으ë©�, 단위ëŠ� 지배권 ë³€ê²�, 장애, ì‚¬ë§ ë˜ëŠ” 서비ìŠ� 종료 ì¤� ê°€ìž� 빠른 시ì ì—ë§Œ 베스팅ë©ë‹ˆë‹¤. 주ì‹ì€ íŒë§¤ë˜ê±°ë‚� 처분ë˜ì§€ 않아 ì´ì‚¬ì� 실질 ì†Œìœ ê¶Œì´ ì¦ê°€í–ˆìœ¼ë©� 회사ëŠ� 즉ê°ì ì¸ 현금 비용ì� 부담하지 않았습니ë‹�.

ClearSign Technologies (CLIR) � Déclaration d’initié Formulaire 4 : Le directeur Gill Todd Silva s’est vu attribuer 32 638 unités d’actions restreintes (RSU) le 01/07/2025 en tant que rémunération non exécutive du conseil dans le cadre du Plan d’Incitation en Actions 2021. Chaque RSU donne droit à une action ordinaire (ou équivalent en espèces) au coût de 0 $, portant les avoirs dérivés de Silva à 93 639 RSU. Cette attribution comporte une acquisition conditionnelle ; les unités ne sont acquises qu’au premier événement parmi un changement de contrôle, une invalidité, un décès ou une séparation du service. Aucune action n’a été vendue ou cédée, ce qui a augmenté la propriété bénéficiaire du directeur sans que la société ait engagé de dépense de trésorerie immédiate.

ClearSign Technologies (CLIR) � Insider-Meldung Form 4: Direktor Gill Todd Silva erhielt am 01.07.2025 32.638 Restricted Stock Units (RSUs) als nicht geschäftsführende Vergütung im Rahmen des Equity Incentive Plans 2021. Jede RSU berechtigt den Inhaber zum Erwerb einer Stammaktie (oder Baräquivalent) zum Preis von 0 $, wodurch Silvas derivative Beteiligungen auf 93.639 RSUs ansteigen. Die Zuteilung unterliegt einer bedingten Vesting; die Einheiten werden erst beim frühesten Eintritt einer Kontrolländerung, Invalidität, Tod oder Dienstende fällig. Es wurden keine Aktien verkauft oder anderweitig veräußert, sodass das wirtschaftliche Eigentum des Direktors stieg, ohne dass das Unternehmen sofortige Baraufwendungen hatte.

Positive
  • Director’s beneficial ownership increased by 32,638 RSUs, reinforcing alignment with shareholders.
  • No cash outlay for the company; compensation delivered entirely in equity units, conserving liquidity.
Negative
  • None.

Insights

TL;DR: Routine RSU grant; aligns director incentives, no cash impact, negligible near-term dilution—overall neutral.

The filing documents a standard quarterly equity grant to a non-executive director. Because the 32,638 RSUs represent a small fraction of ClearSign’s outstanding shares and carry a zero exercise price, the transaction does not affect current cash flows. Contingent vesting postpones any share issuance until a triggering event occurs, so immediate dilution is minimal. Such grants generally improve governance by tying director compensation to long-term shareholder value. However, there is no buying or selling signal for investors, and the award size is unlikely to move the stock.

TL;DR: Grant strengthens board-shareholder alignment but is immaterial to valuation—impact neutral.

The RSU grant is consistent with market practices for micro-cap boards. Using performance-conditioned or event-triggered vesting (change-in-control, death, disability, separation) incentivizes stewardship without immediate dilution. Because no shares were disposed of and overall ownership increased, the filing signals continued director commitment. From a governance standpoint, the structure balances retention and alignment, yet the small scale means investors should view the disclosure as routine rather than catalyst-driven.

ClearSign Technologies (CLIR) � Comunicazione interna Form 4: Il direttore Gill Todd Silva ha ricevuto 32.638 unità azionarie vincolate (RSU) il 01/07/2025 come compenso non esecutivo del consiglio nell'ambito del Piano di Incentivi Azionari 2021. Ogni RSU dà diritto al possessore a una azione ordinaria (o equivalente in contanti) al costo di 0$, portando le partecipazioni derivanti di Silva a 93.639 RSU. Il premio prevede una vesting condizionata; le unità maturano solo al verificarsi della prima tra un cambio di controllo, disabilità, decesso o cessazione dal servizio. Non sono state vendute o cedute azioni, quindi la proprietà effettiva del direttore è aumentata senza che la società abbia sostenuto spese immediate in contanti.

ClearSign Technologies (CLIR) � Presentación interna Formulario 4: El director Gill Todd Silva recibió 32,638 unidades restringidas de acciones (RSU) el 01/07/2025 como compensación no ejecutiva del consejo bajo el Plan de Incentivos de Acciones 2021. Cada RSU otorga al titular una acción común (o equivalente en efectivo) a un costo de $0, aumentando las participaciones derivadas de Silva a 93,639 RSU. La concesión incluye adquisición condicionada; las unidades se consolidan solo ante el primero de un cambio de control, discapacidad, fallecimiento o separación del servicio. No se vendieron ni dispusieron acciones, por lo que la propiedad beneficiosa del director aumentó sin que la empresa incurriera en gastos de efectivo inmediatos.

ClearSign Technologies (CLIR) â€� ë‚´ë¶€ìž� ì‹ ê³ ì„� Form 4: ì´ì‚¬ Gill Todd SilvaëŠ� 2025ë…� 7ì›� 1ì� 2021ë…� ì£¼ì‹ ì¸ì„¼í‹°ë¸Œ 계íšì—� ë”°ë¼ ë¹„ìž„ì›� ì´ì‚¬íš� ë³´ìƒìœ¼ë¡œ 32,638ê°œì˜ ì œí•œ ì£¼ì‹ ë‹¨ìœ„(RSU)ë¥� 부여받았습니다. ê°� RSUëŠ� 보유ìžì—ê²� 1ì£� 보통ì£�(ë˜ëŠ” 현금 ìƒì‘ì•�)ë¥� $0ì� 비용으로 ë°›ì„ ê¶Œë¦¬ë¥� 부여하ì—� Silvaì� íŒŒìƒ ë³´ìœ ëŸ‰ì´ 93,639 RSUë¡� ì¦ê°€í–ˆìŠµë‹ˆë‹¤. ì� ë³´ìƒì€ ì¡°ê±´ë¶€ 베스íŒ�ì� í¬í•¨ë˜ì–´ 있으ë©�, 단위ëŠ� 지배권 ë³€ê²�, 장애, ì‚¬ë§ ë˜ëŠ” 서비ìŠ� 종료 ì¤� ê°€ìž� 빠른 시ì ì—ë§Œ 베스팅ë©ë‹ˆë‹¤. 주ì‹ì€ íŒë§¤ë˜ê±°ë‚� 처분ë˜ì§€ 않아 ì´ì‚¬ì� 실질 ì†Œìœ ê¶Œì´ ì¦ê°€í–ˆìœ¼ë©� 회사ëŠ� 즉ê°ì ì¸ 현금 비용ì� 부담하지 않았습니ë‹�.

ClearSign Technologies (CLIR) � Déclaration d’initié Formulaire 4 : Le directeur Gill Todd Silva s’est vu attribuer 32 638 unités d’actions restreintes (RSU) le 01/07/2025 en tant que rémunération non exécutive du conseil dans le cadre du Plan d’Incitation en Actions 2021. Chaque RSU donne droit à une action ordinaire (ou équivalent en espèces) au coût de 0 $, portant les avoirs dérivés de Silva à 93 639 RSU. Cette attribution comporte une acquisition conditionnelle ; les unités ne sont acquises qu’au premier événement parmi un changement de contrôle, une invalidité, un décès ou une séparation du service. Aucune action n’a été vendue ou cédée, ce qui a augmenté la propriété bénéficiaire du directeur sans que la société ait engagé de dépense de trésorerie immédiate.

ClearSign Technologies (CLIR) � Insider-Meldung Form 4: Direktor Gill Todd Silva erhielt am 01.07.2025 32.638 Restricted Stock Units (RSUs) als nicht geschäftsführende Vergütung im Rahmen des Equity Incentive Plans 2021. Jede RSU berechtigt den Inhaber zum Erwerb einer Stammaktie (oder Baräquivalent) zum Preis von 0 $, wodurch Silvas derivative Beteiligungen auf 93.639 RSUs ansteigen. Die Zuteilung unterliegt einer bedingten Vesting; die Einheiten werden erst beim frühesten Eintritt einer Kontrolländerung, Invalidität, Tod oder Dienstende fällig. Es wurden keine Aktien verkauft oder anderweitig veräußert, sodass das wirtschaftliche Eigentum des Direktors stieg, ohne dass das Unternehmen sofortige Baraufwendungen hatte.

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*
Silva Gil Todd

(Last) (First) (Middle)
8023 E. 63RD PLACE, SUITE 101

(Street)
TULSA OK 74133

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ClearSign Technologies Corp [ CLIR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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
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
Restricted Stock Units (1) 07/01/2025 A 32,638 (2) (2) Common Stock 32,638 $0.00 93,639 D
Explanation of Responses:
1. As compensation for services as a non-executive director during the quarter ending September 30, 2025, the reporting person was granted restricted stock units ("RSUs") under the ClearSign Technologies Corporation 2021 Equity Incentive Plan and each RSU represents a right to receive one share of common stock or the cash equivalent thereof.
2. 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.
/s/ Gill Todd Silva 07/03/2025
** 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.

FAQ

How many RSUs did ClearSign director Gill Todd Silva receive on 07/01/2025?

Silva received 32,638 restricted stock units as board compensation.

What events trigger vesting of the newly granted CLIR RSUs?

Vesting occurs upon change in control, disability, death, or the director’s separation from service.

Did the ClearSign director sell any shares in this Form 4 filing?

No. The filing reports only an RSU grant; no shares were sold or disposed of.

What is the director’s total derivative holding after the transaction?

Following the grant, Silva beneficially owns 93,639 RSUs.

Does the RSU grant immediately dilute existing CLIR shareholders?

No immediate dilution occurs because the RSUs vest only upon specified future events.
Clearsign Technologies Corp

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Pollution & Treatment Controls
Industrial Instruments for Measurement, Display, and Control
United States
TULSA