Seidman Becker Caryn 4
4 · Clear Secure, Inc. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Clear Secure (YOU) CEO Caryn Seidman-Becker Sells 174,324 Shares
What Happened
- Caryn Seidman-Becker, CEO of Clear Secure, disposed of 174,324 shares in open-market sales on 2026-03-04 for aggregate proceeds of about $8.46M (152,513 shares at a weighted ~$48.41 for $7,383,154; 21,811 shares at a weighted ~$49.24 for $1,073,974).
- On 2026-03-05 the filing also shows matching dispositions to the issuer and corresponding grants/acquisitions (174,324 shares) and a derivative disposition entry tied to exchange/settlement mechanics.
Key Details
- Transaction dates/prices: 2026-03-04 sales at weighted prices ~$48.41 and ~$49.24 (ranges reported: $48.00–$48.99 and $49.00–$49.75). Total proceeds ≈ $8,457,128.
- Rule 10b5-1: The March 4 sales were automatically effected under a Rule 10b5-1 plan adopted by Alclear Investments, LLC (Nov 20, 2025).
- Ownership after transaction: The filing states that Class B shares were converted to Class A and those Class A shares were used to settle the sale; after these transactions no Class A common stock is held. Other holdings (e.g., Class B, Class D, Common Units) are addressed by the filing’s exchange/settlement footnotes.
- Control: Alclear Investments, LLC is controlled by Ms. Seidman-Becker (she has dispositive and voting control over those shares).
- Filing: Form 4 filed 2026-03-06 for a report period 2026-03-04 (appears timely).
Context
- These were sales, not purchases, and were executed under a pre-established trading plan (10b5-1), which is intended to allow scheduled trading regardless of current company developments.
- Several entries on 03-05 reflect conversion/exchange and settlement mechanics (including Class B→Class A conversion and Common Unit exchange rights) rather than additional open-market trading; one entry is marked as a derivative-related disposition per the filing.
- This Form 4 is factual disclosure of insider activity; it does not by itself indicate the CEO’s view of the company’s prospects.
Insider Transaction Report
Form 4
Seidman Becker Caryn
DirectorChief Executive Officer10% Owner
Transactions
- Sale
Class A Common Stock
[F1][F2][F3][F4]2026-03-04$48.41/sh−152,513$7,383,154→ 21,811 total(indirect: See footnote) - Sale
Class A Common Stock
[F1][F5][F3][F4]2026-03-04$49.24/sh−21,811$1,073,974→ 0 total(indirect: See footnote) - Disposition to Issuer
Class D Common Stock
[F6][F7][F4]2026-03-05−174,324→ 18,630,246 total(indirect: See footnote) - Award
Class B Common Stock
[F7][F8][F4]2026-03-05+174,324→ 526,111 total(indirect: See footnote) - Disposition to Issuer
Class B Common Stock
[F7][F8][F4]2026-03-05−174,324→ 351,787 total(indirect: See footnote) - Award
Class A Common Stock
[F3][F4]2026-03-05+174,324→ 174,324 total(indirect: See footnote) - Disposition to Issuer
Non-voting common units of Alclear Holdings, LLC
[F7][F4]2026-03-05−174,324→ 18,630,246 total(indirect: See footnote)→ Class B Common Stock and Class A Common Stock (174,324 underlying)
Footnotes (8)
- [F1]These transactions were automatically effected pursuant to a Rule 10b5-1 trading plan previously adopted by Alclear Investments, LLC on November 20, 2025.
- [F2]These shares were sold in multiple transactions ranging from $48.00 to $48.99. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, and the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and in footnote 5.
- [F3]Pursuant to the terms of the Issuer's Certificate of Incorporation, each share of Class B common stock of the Issuer ("Class B Common Stock") was converted into a share of Class A common stock of the Issuer ("Class A Common Stock") on a one-for-one basis. The resulting shares of Class A Common Stock were used to settle the sale transaction described above, and so after the transactions reported in this Form 4, no shares of Class A Common Stock are held.
- [F4]Alclear Investments, LLC is controlled by Ms. Seidman-Becker, its sole manager, who has dispositive control and voting control over the shares held by Alclear Investments, LLC.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $49.00 to $49.75, inclusive.
- [F6]Shares of Class D Common Stock have 20 votes per share but no economic rights (including rights to dividends and distributions upon liquidation) and are issued in an equal amount to the number of Common Units held.
- [F7]Pursuant to the terms of the Exchange Agreement, dated June 29, 2021, by and among the Issuer, Alclear and the equity holders of Alclear (the "Exchange Agreement"), Common Units, together with a corresponding number of shares of Class D Common Stock, were exchanged for Class B Common Stock on a one-for-one basis. The exchange rights under the Exchange Agreement do not expire.
- [F8]Shares of Class B common stock of the Issuer ("Class B Common Stock") have 20 votes per share and economic rights (including rights to dividends and distributions upon liquidation).
Signature
/s/ Lynn Haaland, Attorney-in-Fact|2026-03-06