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  4. [Form 4] Clear Secure, Inc. Insider Trading Activity

Clear Secure (YOU) president exercises RSUs and sells 29,941 Class A shares

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Clear Secure, Inc. president Michael Z. Barkin reported multiple share transactions in connection with restricted stock units (RSUs) and open-market sales. On March 1, 2026, 48,449 RSUs were exercised into the same number of shares of Class A Common Stock at a stated price of $0.0000 per share. A portion of these shares, 25,564, was disposed of to cover tax obligations at $48.64 per share. Barkin also sold Class A shares in the open market, including 22,885 shares on March 1, 2026 at a weighted average price of $48.22 and 7,056 shares on February 27, 2026 at a weighted average price of $48.23, for total reported sales of 29,941 shares. Following these transactions, his reported direct Class A holdings were 5,669 shares. The RSUs described in the footnotes vest in equal annual installments on February 27 of 2026, 2027 and 2028, generally subject to continued service.

Positive

  • None.

Negative

  • None.
Insider Barkin Michael Z
Role President
Sold 29,941 shs ($1.44M)
Type Security Shares Price Value
Exercise Restricted Stock Units 48,449 $0.00 --
Exercise Class A Common Stock 48,449 $0.00 --
Tax Withholding Class A Common Stock 25,564 $48.64 $1.24M
Sale Class A Common Stock 22,885 $48.22 $1.10M
Sale Class A Common Stock 7,056 $48.23 $340K
Holdings After Transaction: Restricted Stock Units — 96,900 shares (Direct); Class A Common Stock — 54,118 shares (Direct)
Footnotes (1)
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $48.23 to $48.27, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote and in footnote 3. This transaction reflects the issuance of shares following the vesting, and automatic withholding for tax purposes, of a portion of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive a share of Class A Common Stock of the issuer, generally subject to the reporting person's continued service. The RSUs vest in equal annual installments on each of February 27, 2026, 2027 and 2028, generally subject to the reporting person's continued service. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $48.16 to $48.34, inclusive.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Barkin Michael Z
(Last) (First) (Middle)
85 10TH AVE., 9TH FLOOR
(Street)
NEW YORK NY 10011
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Clear Secure, Inc. [ YOU ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President
3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 02/27/2026 S 7,056 D $48.23(1) 5,669 D
Class A Common Stock 03/01/2026 M 48,449 A $0(2) 54,118 D
Class A Common Stock 03/01/2026 F(2) 25,564 D $48.64 28,554 D
Class A Common Stock 03/01/2026 S 22,885 D $48.22(3) 5,669 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units(2) (2) 03/01/2026 M 48,449 (2) (2) Class A Common Stock 48,449 $0 96,900 D
Explanation of Responses:
1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $48.23 to $48.27, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote and in footnote 3.
2. This transaction reflects the issuance of shares following the vesting, and automatic withholding for tax purposes, of a portion of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive a share of Class A Common Stock of the issuer, generally subject to the reporting person's continued service. The RSUs vest in equal annual installments on each of February 27, 2026, 2027 and 2028, generally subject to the reporting person's continued service.
3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $48.16 to $48.34, inclusive.
/s/ Lynn Haaland, Attorney-in-Fact 03/03/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Clear Secure (YOU) report for Michael Z. Barkin?

Clear Secure reported RSU vesting, tax withholding, and open-market share sales by president Michael Z. Barkin. He exercised 48,449 RSUs into Class A shares, then disposed of some shares for taxes and sold additional shares in the open market.

How many Clear Secure (YOU) shares did Michael Z. Barkin sell in this Form 4?

Michael Z. Barkin reported total open-market sales of 29,941 shares of Class A Common Stock. These included 22,885 shares sold on March 1, 2026 and 7,056 shares sold on February 27, 2026 at weighted average prices just above $48.

What RSU activity did Clear Secure (YOU) disclose for Michael Z. Barkin?

The filing shows Barkin exercised 48,449 restricted stock units into the same number of Class A shares at a stated price of $0.0000 per share. Footnotes explain these RSUs generally vest annually on February 27 of 2026, 2027 and 2028, subject to continued service.

Were some Clear Secure (YOU) shares withheld for taxes in this Form 4?

Yes. The filing reports a tax-withholding disposition of 25,564 Class A shares at $48.64 per share. This reflects automatic withholding to satisfy tax obligations arising from the vesting and issuance of restricted stock units into Class A Common Stock.

What prices were Clear Secure (YOU) shares sold at in Michael Z. Barkin’s transactions?

Open-market sales used weighted average prices. On March 1, 2026, shares were sold at a weighted average of $48.22, with individual trades between $48.16 and $48.34. On February 27, 2026, sales averaged $48.23, with individual trades between $48.23 and $48.27.

How many Clear Secure (YOU) shares did Michael Z. Barkin hold after these transactions?

After the reported transactions, Michael Z. Barkin’s direct ownership of Class A Common Stock was 5,669 shares. This figure reflects RSU conversion, tax-withholding dispositions, and open-market sales disclosed as of the final transaction date in the Form 4.