Scher Peter 4
4 · Clear Secure, Inc. · Filed Jun 5, 2026
Research Summary
AI-generated summary of this filing
Clear Secure (YOU) Director Peter Scher Receives 6,741 Shares
What Happened
Peter Scher, a director of Clear Secure, received 6,741 shares of Class A common stock on June 5, 2026 following the vesting and conversion of restricted stock units (RSUs). The reported transaction shows an exercise/conversion of a derivative (code M) at $0.00 per share (total $0). The filing records both the acquisition of the shares and the extinguishment/conversion of the derivative instrument — this was an issuance from vested awards, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-05; Form 4 filed the same day (timely filing).
- Reported price: $0.00 per share; 6,741 shares involved.
- Transaction type/code: M (exercise/conversion of derivative); footnote F1: shares issued upon RSU vesting.
- Shares owned after transaction: not specified in the filing.
- No sale proceeds, no purchase cost; no tax-withholding or net-share settlement shown in the reported entries.
- Filing accession: 0001726591-26-000004.
Context
This reflects standard equity compensation for a director (RSU vesting) and does not indicate a market sale or cash purchase. Such vesting-related issuances are routine and are not, by themselves, a signal of the director buying or selling stock.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-06-05+6,741→ 12,377 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-06-05−6,741→ 0 total→ Class A Common Stock (6,741 underlying)
Footnotes (1)
- [F1]This transaction reflects the issuance of shares following the vesting of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive a share of Class A Common Stock, generally subject to the reporting person's continued service.