Scher Peter 4

What Happened Peter Scher, a director of Clear Secure, Inc. (YOU), received a grant of 4,194 restricted stock units (RSUs) on June 10, 2026. The Form 4 lists the acquisition as a derivative award (code A) at an acquisition price of $0.00. These RSUs are a contingent right to receive Class A common stock of the company upon vesting.

Key Details

• Transaction date: 2026-06-10; filing date: 2026-06-11 (filed timely).
• Transaction type/code: Award/Grant (A); 4,194 RSUs; price reported $0.00.
• Vesting: RSUs vest on the earlier of (i) June 10, 2027 or (ii) the issuer’s next annual meeting of stockholders, generally subject to continued service (see footnote F1).
• Shares owned after transaction: not specified in this filing.
• This is a grant (award), not a purchase or sale — no immediate cash transaction or market sale reported.

Context RSUs are a common form of equity compensation that give the recipient a contingent right to receive shares when the award vests. Because these units only convert to actual shares upon vesting (and are generally subject to service conditions), they do not represent an immediate purchase or sale and should not be interpreted as an immediate bullish or bearish trade by the director.