Alclear Investments, LLC 4

What Happened
Alclear Investments, LLC — a 10% owner of Clear Secure, Inc. (YOU) — sold 3,153 shares in an open‑market transaction on June 16, 2026 at a weighted average price of $53.03 per share, generating roughly $167,204. The sale was automatically executed under a previously adopted Rule 10b5‑1 trading plan (adopted March 12, 2026). Subsequent records on June 17, 2026 show conversion/settlement activity (Class B → Class A conversions) and dispositions to the issuer related to the same holdings; after the reported transactions the filer reported holding no Class A common stock.

Key Details

• Primary sale: 3,153 shares sold on 2026-06-16, weighted average price $53.03 (range $53.00–$53.10); proceeds reported ~$167,204.
• Rule 10b5‑1: Transactions were automatically effected under a 10b5‑1 plan (adopted March 12, 2026).
• Follow‑on entries (2026-06-17) reflect dispositions to the issuer and grant/acquisition entries tied to class conversions; filing notes that Class B common stock was converted one‑for‑one into Class A and those Class A shares were used to settle the sale. After these transactions, no Class A common stock is held.
• Share class and voting notes: Class D shares carry 20 votes/share but no economic rights; Class B shares carry 20 votes/share and economic rights. Exchange Agreement permits exchange of Common Units + Class D for Class B on a one‑for‑one basis.
• Filings include a weighted‑average price footnote and an undertaking to provide per‑price breakdown on request.
• The reporting entity may be deemed a director by deputization due to its relationship with Ms. Caryn Seidman Becker (sole manager of Alclear).

Context

• This was a sale (liquidity event) executed under a pre‑arranged trading plan, not an ad‑hoc insider purchase. Sales under 10b5‑1 plans are typically scheduled and do not necessarily signal a change in insider sentiment.
• The filing shows conversion/settlement across share classes rather than a straightforward buy or exercise; no options exercise or gift was reported.
• The filing does not disclose remaining holdings across all security types (Common Units or Class D/Class B remaining balances), only that Class A common stock holdings are zero after these actions.