Clearfield, Inc. — Director's Dealing 2025

Nov 19, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Clearfield, Inc. (CLFD)
CIK: 0000796505
Period of Report: 2025-11-16

Reporting Person: HERZOG DANIEL R (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-11-16	Common Stock	F	510	$30.72	Disposed	68031	Direct
2025-11-16	Common Stock	F	973	$30.72	Acquired	67058	Direct
2025-11-16	Common Stock	F	825	$30.72	Acquired	66233	Direct

Footnotes

F1: Payment of taxes by withholding shares on vesting the last 33% of restricted stock that was granted on February 24, 2023.

F2: Payment of taxes by withholding shares on vesting the second 33% of restricted stock that was granted on November 16, 2023.

F3: Payment of taxes by withholding shares on vesting the first 33% of restricted stock that was granted on November 26, 2024