Alclear Investments, LLC 4

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.