Scher Peter 4

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.