Barkin Michael Z 4

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.