4//SEC Filing
Cornick Kenneth L. 4
Accession 0001856314-25-000076
CIK 0001856314other
Filed
May 29, 8:00 PM ET
Accepted
May 30, 4:28 PM ET
Size
14.7 KB
Accession
0001856314-25-000076
Insider Transaction Report
Form 4
Cornick Kenneth L.
Director10% Owner
Transactions
- Award
Class B Common Stock
2025-05-28+200,000→ 200,000 total(indirect: See footnote) - Disposition to Issuer
Class B Common Stock
2025-05-28−200,000→ 0 total(indirect: See footnote) - Disposition to Issuer
Non-voting common units of Alclear Holdings, LLC
2025-05-28−200,000→ 3,849,978 total(indirect: See footnote)→ Class B Common Stock and Class A Common Stock (200,000 underlying) - Disposition to Issuer
Class D Common Stock
2025-05-28−200,000→ 3,849,978 total(indirect: See footnote) - Award
Class A Common Stock
2025-05-28+200,000→ 349,093 total(indirect: See footnote)
Holdings
- 64,935
Class A Common Stock
- 125,447(indirect: By Trust)
Class A Common Stock
Footnotes (5)
- [F1]Pursuant to the terms of the Exchange Agreement, dated June 29, 2021, by and among the Issuer, Alclear Holdings, LLC ("Alclear") and the equityholders of Alclear (the "Exchange Agreement"), non-voting common units of Alclear ("Common Units"), together with a corresponding number of shares of Class D common stock of the Issuer ("Class D Common Stock"), were exchanged for Class B common stock of the Issuer ("Class B Common Stock") on a one-for-one basis. The exchange rights under the Exchange Agreement do not expire.
- [F2]Shares of Class D Common Stock have 20 votes per share but no economic rights (including rights to dividends and distributions upon liquidation) and are issued in an equal amount to the number of Common Units of Alclear held.
- [F3]Alclear Investments II, LLC is controlled by Mr. Cornick, its sole manager, who has dispositive control and voting control over the shares held by Alclear Investments II, LLC.
- [F4]Shares of Class B Common Stock have 20 votes per share and economic rights (including rights to dividends and distributions upon liquidation).
- [F5]Pursuant to the terms of the Issuer's Certificate of Incorporation, each share of Class B Common Stock was converted into a share of Class A common stock of the Issuer ("Class A Common Stock") on a one-for-one basis.
Documents
Issuer
Clear Secure, Inc.
CIK 0001856314
Entity typeother
Related Parties
1- filerCIK 0001868811
Filing Metadata
- Form type
- 4
- Filed
- May 29, 8:00 PM ET
- Accepted
- May 30, 4:28 PM ET
- Size
- 14.7 KB