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Clear Secure, Inc.·4

Jul 17, 5:45 PM ET

Alclear Investments, LLC 4

Research Summary

AI-generated summary

Updated

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.