Alclear Investments, LLC 4
4 · Clear Secure, Inc. · Filed Jul 17, 2026
Research Summary
AI-generated summary of this filing
Clear Secure (YOU) 10% Owner Sells 28,603 Shares (~$1.53M)
What Happened
- Alclear Investments, LLC (a 10% owner of Clear Secure, ticker YOU) disposed of 28,603 shares in transactions around July 15–17, 2026. Open‑market sales on July 15 totaled 28,603 shares for aggregate reported proceeds of about $1,532,289 (weighted prices reported at $53.55 and $54.01). Subsequent July 17 entries reflect a disposition to the issuer and related conversion/exchange steps used to settle the sale under the parties’ Exchange Agreement. These were sales (routine monetization), not purchases.
Key Details
- Transaction dates and prices:
- 2026-07-15: Open‑market sales — 27,303 shares @ weighted avg $53.55 (sales ranged $53.00–$53.98) = $1,462,076 (footnote 2)
- 2026-07-15: Open‑market sale — 1,300 shares @ weighted avg $54.01 (sales ranged $54.00–$54.14) = $70,213 (footnote 4)
- 2026-07-17: Disposition to issuer (28,603 shares) and related grant/exercise/conversion entries consistent with exchange/settlement (no dollar amounts reported) (footnote 3)
- Total reported proceeds from the July 15 open‑market sales: ≈ $1.53M.
- Shares owned after transaction: not specified in the excerpt of the filing provided.
- Notable footnotes:
- F1: Trades were automatically effected under a Rule 10b5‑1 trading plan adopted March 12, 2026 (prearranged plan).
- F3–F5: Transactions involved the Exchange Agreement converting Alclear nonvoting common units and Class C shares to Class A common stock to settle the sale; Class C shares carry voting but no economic rights.
- Filing remarks note a connection to Ms. Caryn Seidman Becker (sole manager/equityholder of Alclear Investments), who may be deemed a director by deputization.
- Filing timeliness: Report filed July 17 for trades reported on July 15 — appears to be filed within the usual 2‑business‑day window.
Context
- These are disposals by a 10% owner (institutional/holder entity) rather than a standard executive purchase; sales under a 10b5‑1 plan are typically preplanned and do not necessarily signal a change in view about the company.
- The July 17 entries (grant/exercise/disposition to issuer) reflect corporate/contractual exchange and settlement mechanics (conversion of Alclear units/Class C shares into Class A shares used to settle the sale), not an independent new market sale.
Insider Transaction Report
Form 4
Alclear Investments, LLC
Director10% OwnerOther
Transactions
- Sale
Class A Common Stock
[F1][F2][F3]2026-07-15$53.55/sh−27,303$1,462,076→ 124,484 total - Sale
Class A Common Stock
[F1][F4][F3]2026-07-15$54.01/sh−1,300$70,213→ 123,184 total - Disposition to Issuer
Class C Common Stock
[F3][F5]2026-07-17−28,603→ 18,130,246 total - Award
Class A Common Stock
[F3]2026-07-17+28,603→ 151,787 total - Exercise/Conversion
Non-voting common units of Alclear Holdings, LLC
[F3]2026-07-17−28,603→ 18,130,246 total→ Class A Common Stock (28,603 underlying)
Footnotes (5)
- [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 $53.98, 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 in this footnote and footnote 4.
- [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]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $54.00 to $54.14, inclusive.
- [F5]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|2026-07-17