Alclear Investments, LLC 4
4 · Clear Secure, Inc. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Clear Secure (YOU) 10% Owner Alclear Investments Sells 174,324 Shares
What Happened Alclear Investments, LLC (reported as a 10% owner and linked to Caryn Seidman‑Becker) sold a total of 174,324 shares of Clear Secure, Inc. (YOU). On 2026-03-04 it sold 152,513 shares at a weighted average price of $48.41 (proceeds $7,383,154) and 21,811 shares at a weighted average price of $49.24 (proceeds $1,073,974), for aggregate proceeds of approximately $8,457,128. Additional filings on 2026-03-05 reflect related conversions/exchanges and settlement entries (including a derivative disposition) used to effect the settlement of the sale.
Key Details
- Transaction dates: Mar 4, 2026 (open‑market/private sales) and Mar 5, 2026 (disposition/settlement entries).
- Prices/ranges: weighted averages $48.41 and $49.24; shares were sold across ranges $48.00–$48.99 and $49.00–$49.75 per footnotes.
- Total shares sold: 174,324; total proceeds ≈ $8.46 million.
- Shares owned after transaction: footnote states no Class A common stock is held after these transactions. The reporting person may still hold other equity units or share classes per the filing.
- Notable footnotes: transactions were automatically effected under a Rule 10b5‑1 trading plan (adopted Nov 20, 2025). Several entries reflect conversion/exchange mechanics between Common Units, Class D, Class B and Class A shares used to settle the sale. One entry is a derivative disposition.
- Timeliness: Form 4 was filed on Mar 6, 2026 for Mar 4–5 transactions (filed within the standard Form 4 timing requirements).
Context
- This was a sale (disposition) executed under a pre-established 10b5‑1 plan, which typically indicates planned, automated trading rather than an ad hoc signal of insider sentiment.
- As a 10% owner (an institutional/major holder) rather than an individual executive trade, the filing shows institutional-level rebalancing/settlement activity and related share‑class conversions.
- The filing’s footnotes explain the corporate mechanics (class conversions and exchange rights) that caused multiple grant/disposition entries; these are settlement and conversion technicalities rather than new purchases or option exercises.
Insider Transaction Report
Form 4
Alclear Investments, LLC
Director10% OwnerOther
Transactions
- Sale
Class A Common Stock
[F1][F2][F3]2026-03-04$48.41/sh−152,513$7,383,154→ 21,811 total - Sale
Class A Common Stock
[F1][F4][F3]2026-03-04$49.24/sh−21,811$1,073,974→ 0 total - Disposition to Issuer
Class D Common Stock
[F5][F6]2026-03-05−174,324→ 18,630,246 total - Award
Class B Common Stock
[F6][F7]2026-03-05+174,324→ 526,111 total - Disposition to Issuer
Class B Common Stock
[F3][F7][F6]2026-03-05−174,324→ 351,787 total - Award
Class A Common Stock
[F3]2026-03-05+174,324→ 174,324 total - Disposition to Issuer
Non-voting common units of Alclear Holdings, LLC
[F6]2026-03-05−174,324→ 18,630,246 total→ Class B Common Stock and Class A Common Stock (174,324 underlying)
Footnotes (7)
- [F1]These transactions were automatically effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person 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 4.
- [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]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.
- [F5]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.
- [F6]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.
- [F7]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