BOYD JEFFERY H 4

What Happened
Jeffery H. Boyd, a member of Clear Secure's (YOU) board of directors, received two awards of Deferred Restricted Stock Units (DSUs) on June 10, 2026. One award was 4,194 DSUs reported at $0.00 (derivative) and a second award was 1,442 DSUs valued at $57.23 per unit, with an aggregate reported value of $82,526. These are awards (code A) — not open-market purchases or sales — and represent a form of board compensation rather than an immediate acquisition of tradable shares.

Key Details

• Transaction date: June 10, 2026; Form 4 filed June 11, 2026 (timely filing).
• Grants reported:
  • 4,194 DSUs @ $0.00 (derivative) — footnote F1.
  • 1,442 DSUs @ $57.23 = $82,526 (derivative) — footnote F2.
• Shares owned after the transaction: not specified in the excerpted transaction details.
• Footnotes:
  • F1: These DSUs represent contingent rights to receive Class A common stock in the future; vest on the earlier of June 10, 2027 or the next annual meeting (subject to continued service) and generally are not settled into shares until after board departure.
  • F2: These DSUs were elected in lieu of cash retainer; the $57.23 price is the 20-trading-day average closing price ending June 10, 2026. Those DSUs vest in four quarterly installments starting Sept 30, 2026 and generally won’t be settled into shares until after departure.
• Filing timeliness: filed one day after the report date (appears timely).

Context
DSUs are deferred compensation and are derivative awards — they do not represent immediately tradable shares. Because these awards will typically convert to shares only later (often after the director leaves the board), they are standard board compensation and do not by themselves signal an immediate buy or sell action.