Alclear Investments, LLC 4
4 · Clear Secure, Inc. · Filed Jun 25, 2026
Research Summary
AI-generated summary of this filing
Clear Secure (YOU) 10% Owner Alclear Investments Sells Shares
What Happened Alclear Investments, LLC — a reported 10% owner of Clear Secure, Inc. (YOU) — sold a total of 212,538 shares in open‑market transactions on June 23–24, 2026 for approximately $11.31 million. The disclosed open‑market sales were 15,962 shares at a weighted average price of $53.13 (6/23) and 196,576 shares at a weighted average price of $53.21 (6/24). Several related entries reflect conversions/exchanges and dispositions to the issuer (including derivative-related entries) used to settle the sale per the issuer’s governing agreements. These sales were effected pursuant to a preexisting Rule 10b5‑1 trading plan.
Key Details
- Transaction dates: June 23, 2026 (15,962 shares @ $53.13, $848,061) and June 24, 2026 (196,576 shares @ $53.21, $10,459,809); total ≈ 212,538 shares for ≈ $11.31M.
- Weighted‑average price ranges reported: sales executed across multiple trades in $53.00–$53.44 and $53.00–$53.76 ranges (report discloses weighted averages; per footnotes full breakdown is available on request).
- Ownership after transaction: Form notes that, after the reported transactions, no Class A common stock was held by the reporting person (conversions/exchanges of Common Units/Class D and Class B share mechanics described in footnotes).
- Notable footnotes: trades were automatically effected under a 10b5‑1 plan adopted March 12, 2026; exchange/conversion mechanics and voting/economic rights of Class B/Class D shares are described in the filing (see F3–F6).
- Filing: Form 4 filed June 25, 2026 for transactions beginning June 23, 2026 (filed within the standard Form 4 reporting window).
- Reporter status: Alclear is a 10% owner (institutional holder). The filing remarks that, due to its relationship with Caryn Seidman Becker (sole manager and equityholder of Alclear), the reporting person may be deemed a director by deputization.
Context These entries are primarily sales executed under an established 10b5‑1 plan and include related corporate share‑conversion and settlement entries (derivative dispositions to the issuer). As a 10% owner (not a typical employee purchase), these disposals are institutional in nature and the filing is informational; it does not by itself indicate management sentiment.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2][F3]2026-06-23$53.13/sh−15,962$848,061→ 0 total - Disposition to Issuer
Class D Common Stock
[F4][F5]2026-06-24−15,962→ 18,611,131 total - Award
Class B Common Stock
[F4][F6]2026-06-24+15,962→ 167,749 total - Disposition to Issuer
Class B Common Stock
[F3][F6]2026-06-24−15,962→ 151,787 total - Award
Class A Common Stock
[F3]2026-06-24+15,962→ 0 total - Sale
Class A Common Stock
[F1][F7][F3]2026-06-24$53.21/sh−196,576$10,459,809→ 0 total - Disposition to Issuer
Class D Common Stock
[F4][F5]2026-06-25−196,576→ 18,414,555 total - Award
Class B Common Stock
[F4][F6]2026-06-25+196,576→ 348,363 total - Disposition to Issuer
Class B Common Stock
[F3][F6]2026-06-25−196,576→ 151,787 total - Award
Class A Common Stock
[F3]2026-06-25+196,576→ 0 total - Disposition to Issuer
Non-voting common units of Alclear Holdings, LLC
[F4]2026-06-24−15,962→ 18,611,131 total→ Class B Common Stock and Class A Common Stock (15,962 underlying) - Disposition to Issuer
Non-voting common units of Alclear Holdings, LLC
[F4]2026-06-25−196,576→ 18,414,555 total→ Class B Common Stock and Class A Common Stock (196,576 underlying)
Footnotes (7)
- [F1]These transactions were automatically effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on March 12, 2026.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $53.00 to $53.44, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, and the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and in footnote 7.
- [F3]Pursuant to the terms of the Issuer's Certificate of Incorporation, each share of Class B common stock of the Issuer ("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. The resulting shares of Class A Common Stock were used to settle the sale transaction described above, and so after the transactions reported in this Form 4, no shares of Class A Common Stock are held.
- [F4]Pursuant to the terms of the Exchange Agreement, dated June 29, 2021, by and among the Issuer, Alclear and the equity holders of Alclear (the "Exchange Agreement"), Common Units, together with a corresponding number of shares of Class D Common Stock, were exchanged for Class B Common Stock on a one-for-one basis. The exchange rights under the Exchange Agreement do not expire.
- [F5]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 held.
- [F6]Shares of Class B Common Stock have 20 votes per share and economic rights (including rights to dividends and distributions upon liquidation).
- [F7]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $53.00 to $53.76, inclusive.