Seidman Becker Caryn 4

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.