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Clear Secure, Inc.·4

Jul 16, 5:09 PM ET

Alclear Investments, LLC 4

Research Summary

AI-generated summary

Updated

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.