Hollister Kathryn A 4

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.