Hollister Kathryn A 4
4 · Clear Secure, Inc. · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
Clear Secure Director Kathryn Hollister Receives 530 Shares
What Happened
Kathryn A. Hollister, a director of Clear Secure, reported the conversion/settling of restricted stock units (reported as derivative transactions code M) that resulted in 530 shares being issued to her on 2026-06-30. Both the acquisition and a corresponding disposition of 530 shares are recorded at $0.00 on the Form 4; no cash transaction or sale proceeds are reported. According to the filing footnote, these RSUs were granted in lieu of cash board retainer payments and vested quarterly.
Key Details
- Transaction date: 2026-06-30 (reported on Form 4 filed 2026-07-01) — filing appears timely.
- Reported transactions: M (exercise/conversion of derivative) — 530 shares acquired @ $0.00; 530 shares disposed @ $0.00.
- Dollar value reported: $0 (no cash paid/received in these entries).
- Shares owned following the transaction: Not specified in the provided filing details.
- Footnote: RSUs vested; each RSU converts to one share of Class A Common Stock. These RSUs were issued in lieu of cash retainer and vest quarterly.
- Remarks: Exhibit 24.1 (Power of Attorney) is referenced.
Context
The M transaction code denotes conversion/exercise of a derivative instrument; here it reflects RSU vesting and share issuance rather than a market purchase or sale. RSU vesting and issuance in lieu of cash are routine compensation events for directors and do not necessarily signal a change in insider sentiment. The matching disposition entry is recorded at $0 and, based on the filing, appears related to the mechanics of settling vested RSUs (per the footnote), not an open-market sale.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-06-30+530→ 45,303 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-06-30−530→ 0 total→ Class A Common Stock (530 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. These RSUs were received in lieu of cash retainer payments for service on the Issuer's board of directors and so vest on a quarterly basis.