4//SEC Filing
Levine Matthew 4
Accession 0001209191-22-057199
CIK 0001856314other
Filed
Nov 14, 7:00 PM ET
Accepted
Nov 15, 8:48 PM ET
Size
15.5 KB
Accession
0001209191-22-057199
Insider Transaction Report
Form 4
Levine Matthew
GC & Chief Privacy Officer
Transactions
- Sale
Class A Common Stock
2022-11-14$28.02/sh−3,000$84,060→ 0 total(indirect: See footnote) - Sale
Class A Common Stock
2022-11-14$30.01/sh−3,000$90,030→ 0 total(indirect: See footnote) - Disposition to Issuer
Class C Common Stock
2022-11-15−6,000→ 419,122 total(indirect: See footnote) - Award
Class A Common Stock
2022-11-15+6,000→ 0 total(indirect: See footnote) - Disposition to Issuer
Non-voting common units of Alclear Holdings, LLC
2022-11-15−6,000→ 419,122 total(indirect: See footnote)→ Class A Common Stock (6,000 underlying)
Holdings
- 7,453
Class A Common Stock
Footnotes (6)
- [F1]This transaction was automatically effected pursuant to a Rule 10b5-1 trading plan previously adopted.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $28.00 to $28.06, inclusive. 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.
- [F3]Pursuant to the terms of the Exchange Agreement, dated June 29, 2021, by and among the Issuer, Alclear Holdings, LLC ("Alclear") and the equityholders of Alclear (the "Exchange Agreement"), nonvoting common units of Alclear ("Common Units"), together with a corresponding number of shares of Class C common stock of the Issuer ("Class C Common Stock"), were exchanged for shares of Class A common stock of the Issuer ("Class A Common Stock") on a one-for-one basis. The exchange rights under the Exchange Agreement do not expire. 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 were held.
- [F4]Winn Levine, LLC is controlled by Mr. Levine, its sole manager, who has dispositive control and voting control over the shares held by Winn Levine, LLC.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $30.00 to $30.02, inclusive. 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.
- [F6]Shares of Class C Common Stock have one vote 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.
Documents
Issuer
Clear Secure, Inc.
CIK 0001856314
Entity typeother
Related Parties
1- filerCIK 0001868818
Filing Metadata
- Form type
- 4
- Filed
- Nov 14, 7:00 PM ET
- Accepted
- Nov 15, 8:48 PM ET
- Size
- 15.5 KB