Clear Secure (YOU) 10% Owner Alclear Investments Sells Shares

What Happened

• Alclear Investments, LLC (reported as a 10% owner of Clear Secure, ticker YOU) sold 323,904 shares in multiple open‑market transactions on August 5, 2026, for an aggregate of approximately $19.83 million (weighted average prices across lots from about $60.00 to $68.45).
• On August 6, 2026, the filing shows a disposition to the issuer and a contemporaneous acquisition/exchange of 323,904 shares (related to conversion/exercise of nonvoting common units into Class A common stock under an Exchange Agreement). The shares resulting from that exchange were used to settle the sale described above. These transactions were effected under a Rule 10b5‑1 trading plan adopted March 12, 2026.

Key Details

• Transaction dates and prices: Aug 5, 2026 — nine open‑market sales totaling 323,904 shares at weighted average prices ranging roughly $60.00–$68.45 (total ≈ $19.83M); Aug 6, 2026 — disposition to issuer and acquisition/exchange of 323,904 shares (no dollar price reported).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes: trades were automatically effected under a 10b5‑1 plan (F1); many reported prices are weighted averages across smaller trades with ranges disclosed in footnotes (F2–F10); conversion/exchange governed by an Exchange Agreement (F3); Class C share mechanics noted (F11).
• Filing timeliness: Form 4 was filed Aug 7, 2026 for transactions on Aug 5–6, which appears timely (filed two days after the primary trades).
• Reporting status: Alclear is a 10% owner (institutional holder). The form notes a relationship to Ms. Caryn Seidman Becker that may cause the reporting person to be deemed a director by deputization (Remarks).

Context

• These were sales under a pre‑existing Rule 10b5‑1 plan, which typically means trades were pre‑arranged and automatic rather than ad hoc.
• The Aug 6 entries reflect conversion/exercise of nonvoting common units into Class A common stock and the use of those shares to settle the transactions; this is a structural/settlement activity rather than a new open‑market purchase.
• As a 10% owner (not a standard executive purchase), this is institutional insider activity — informative for shareholders but not necessarily a direct signal of management sentiment.