Alclear Investments, LLC 4
4 · Clear Secure, Inc. · Filed Jun 26, 2026
Research Summary
AI-generated summary of this filing
Clear (YOU) 10% Owner Alclear Investments Sells 34,309 Shares
What Happened
Alclear Investments, LLC (a 10% owner of Clear Secure, Inc. (YOU)) sold 34,309 shares in an open-market transaction on June 25, 2026 for a weighted-average price of $53.11, generating about $1,822,151. The filing also reports a series of related transfers on June 26, 2026 (dispositions to the issuer, awards/acquisitions, and a derivative disposition) that reflect conversions and settlement activity among Clear’s different equity classes; the resulting Class A shares used to settle the sale left the reporting person with no Class A common stock after these transactions.
Key Details
- Primary open-market sale: 34,309 shares on 2026-06-25 at a weighted-average price of $53.11 (range $53.00–$53.44) — total ~ $1,822,151.
- Additional entries on 2026-06-26: dispositions to issuer, grants/acquisitions, and one derivative disposition — these reflect internal conversions/settlements (see footnotes).
- 10b5‑1 plan: Transactions were automatically effected under a Rule 10b5‑1 trading plan adopted March 12, 2026 (Footnote F1).
- Share class/settlement notes: Class B shares converted one-for-one to Class A and those Class A shares were used to settle the sale; after these reported transactions no Class A common stock is held (Footnote F3). Exchange agreement and capital-structure notes (Common Units, Class D, Class B) are described in Footnotes F4–F6.
- Ownership/role note: Alclear is a 10% owner; by virtue of its relationship with Caryn Seidman Becker (sole manager of Alclear), the reporting person may be deemed a director by deputization (Remarks).
- Filing timeliness: Reported on Form 4 dated 2026-06-26 covering transactions on 6/25–6/26 — the filing appears timely.
Context: This was a sale executed under a pre-established 10b5‑1 plan by a large non-executive holder (10% owner). Such automated plan sales are common and do not necessarily indicate management sentiment. The other reported entries are technical/settlement items reflecting conversion/exchange among Clear’s different equity classes rather than new market purchases or option exercises.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2][F3]2026-06-25$53.11/sh−34,309$1,822,151→ 0 total - Disposition to Issuer
Class D Common Stock
[F4][F5]2026-06-26−34,309→ 18,380,246 total - Award
Class B Common Stock
[F4][F6]2026-06-26+34,309→ 186,096 total - Disposition to Issuer
Class B Common Stock
[F3][F6]2026-06-26−34,309→ 151,787 total - Award
Class A Common Stock
[F3]2026-06-26+34,309→ 0 total - Disposition to Issuer
Non-voting common units of Alclear Holdings, LLC
[F4]2026-06-26−34,309→ 18,380,246 total→ Class B Common Stock and Class A Common Stock (34,309 underlying)
Footnotes (6)
- [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.
- [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).