Alclear Investments, LLC 4
4 · Clear Secure, Inc. · Filed Jul 16, 2026
Research Summary
AI-generated summary of this filing
Clear Secure (YOU) 10% Owner Alclear Investments Sells 120,640 Shares
What Happened
Alclear Investments, LLC (a reported 10% owner of Clear Secure, ticker YOU) sold 120,640 shares in an open-market transaction on July 14, 2026 for a weighted-average price of $53.40, generating approximately $6,442,176. Related entries on July 16 show the conversion/exchange and transfer of related units/shares to the issuer to settle the transaction (see footnotes). The July 14 sale was executed under a Rule 10b5-1 trading plan adopted March 12, 2026, so this appears to be a pre-arranged, routine disposition rather than a discretionary trade.
Key Details
- Transaction dates and amounts:
- 2026-07-14: Open-market sale — 120,640 shares @ weighted avg $53.40 = ~$6,442,176 (sales ranged $53.00–$53.85).
- 2026-07-16: Form records show disposition to issuer (D), an acquisition/grant (A) and an exercise/conversion of a derivative (M) each for 120,640 shares — these reflect conversion/exchange mechanics used to settle the sale per the Exchange Agreement.
- Shares owned after the transaction: not provided in the supplied excerpt.
- Notable footnotes:
- F1: Sale was effected automatically under a 10b5-1 plan (adopted Mar 12, 2026).
- F2: Price is a weighted average; sales occurred at prices between $53.00 and $53.85.
- F3/F4: Per a June 29, 2021 Exchange Agreement, nonvoting Alclear common units and corresponding Class C common stock were exchanged one-for-one for Class A common stock; those Class A shares were used to settle the sale. Class C shares carry voting but no economic rights.
- Remarks note a relationship with Ms. Caryn Seidman Becker (sole manager/equityholder), which may cause deputization-related reporting implications.
- Timeliness: Reported on 2026-07-16 for a 2026-07-14 transaction — filed within the typical 2-business-day Form 4 window.
Context
- This filing shows a sale (disposition) by a large, non-individual holder under a pre-set trading plan, which is typically considered routine and not necessarily a signal of management view.
- The July 16 entries reflect conversion/exchange mechanics (including a derivative conversion) used to produce the Class A shares that settled the sale; no additional cash purchase or new investment is indicated.
- Because Alclear is a 10% owner (an institutional/affiliate holder) rather than an operating executive making an ad-hoc buy, the transaction should be viewed through that lens.
Insider Transaction Report
Form 4
Alclear Investments, LLC
Director10% OwnerOther
Transactions
- Sale
Class A Common Stock
[F1][F2][F3]2026-07-14$53.40/sh−120,640$6,442,176→ 31,147 total - Disposition to Issuer
Class C Common Stock
[F3][F4]2026-07-16−120,640→ 18,158,849 total - Award
Class A Common Stock
[F3]2026-07-16+120,640→ 151,787 total - Exercise/Conversion
Non-voting common units of Alclear Holdings, LLC
[F3]2026-07-16−120,640→ 18,158,849 total→ Class A Common Stock (120,640 underlying)
Footnotes (4)
- [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 $53.85, 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 herein.
- [F3]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"), nonvoting common units of Alclear ("Common Units"), together with a corresponding number of shares of Class C common stock of the Issuer ("Class C Common Stock"), were exchanged for shares of Class A common stock of the Issuer ("Class A Common Stock") on a one-for-one basis. The exchange rights under the Exchange Agreement do not expire. The resulting shares of Class A Common Stock were used to settle the sale transaction described above.
- [F4]Shares of Class C Common Stock have one vote 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.
Signature
/s/ Emma Barnett Bauman, Attorney-in-Fact|2026-07-16