Barkin Michael Z 4
4 · Clear Secure, Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Clear Secure (YOU) President Michael Barkin Receives RSUs; Tax Withholding
What Happened
Michael Z. Barkin, President and Director of Clear Secure, reported the vesting and conversion of 64,599 restricted stock units (RSUs) on April 1, 2026. Those RSUs converted into 64,599 shares (reported as a derivative exercise at $0.00). To satisfy tax withholding on the vesting, 35,724 shares were withheld/sold at $49.09 per share, resulting in proceeds of $1,753,691.
Key Details
- Transaction date: April 1, 2026 (Form 4 filed April 2, 2026) — filed timely (next business day).
- Conversion: 64,599 RSUs converted to 64,599 shares (reported as derivative exercise, $0.00 exercise price).
- Tax withholding: 35,724 shares disposed/withheld at $49.09 each for $1,753,691 (code F — tax withholding).
- Footnotes: One-third of the RSUs vested on April 1, 2026; remaining one-third tranches vest April 1, 2027 and April 1, 2028. Withholding is routine and exempt under Rule 16b-3.
- Shares owned after the transaction: not specified in the filing.
Context
This was a vesting event (award conversion) with an automatic withholding to cover taxes — a routine, non-discretionary transaction rather than an open-market sale or purchase. Withholding/sale of shares to pay taxes is common and does not necessarily signal a change in the insider’s view of the company.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-04-01+64,599→ 70,268 total - Tax Payment
Class A Common Stock
[F2]2026-04-01$49.09/sh−35,724$1,753,691→ 34,544 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-04-01−64,599→ 129,199 total→ Class A Common Stock (64,599 underlying)
Footnotes (2)
- [F1]This Form 4 is being filed to report the vesting, and automatic withholding for tax purposes, of a portion of the restricted stock units ("RSUs"). Each RSU represents a contingent right to receive a share of Class A Common Stock of the Issuer, generally subject to the reporting person's continued service. One-third of the RSUs vested on April 1, 2026, and one-third of the RSUs will vest on each of April 1, 2027 and April 1, 2028.
- [F2]Represents RSUs automatically withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 1, exempt under Rule 16b-3.