Clear Secure awards RSUs to accounting chief

Liu Dennis W. reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 03/12/2026 - 08:04 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Liu Dennis W. reported acquisition or exercise transactions in this Form 4 filing.

Clear Secure, Inc. reported that Chief Accounting Officer Dennis W. Liu received a grant of 8,711 restricted stock units, each representing a future share of Class A Common Stock. These RSUs vest in three equal annual installments on March 10 of 2027, 2028 and 2029, generally contingent on his continued service.

Insider Trade Summary

Grant/Award: 8,711 shares

Grant/Award 1 txn

Insider Liu Dennis W.

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	8,711	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 8,711 contracts (Direct)

Holdings Before and After: Restricted Stock Units, 0 to 8,711 contracts (Direct)

Footnotes (1)

1. F1. Represents restricted stock units ("RSUs"), each of which represents a contingent right to receive a share of Class A Common Stock of the Issuer following the vesting date. The RSUs will vest in three equal annual installments on each of March 10, 2027, 2028 and 2029, generally subject to the reporting person's continued service.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Clear Secure (YOU) report for Dennis W. Liu?

Clear Secure reported that Chief Accounting Officer Dennis W. Liu received 8,711 restricted stock units. Each RSU represents a contingent right to one share of Class A Common Stock, granted as equity-based compensation rather than an open-market stock purchase or sale.

How many restricted stock units did Clear Secure (YOU) grant to Dennis W. Liu?

Dennis W. Liu received a grant of 8,711 restricted stock units. These RSUs provide the right to receive an equal number of Class A Common Stock shares, subject to the vesting schedule and his continued service with Clear Secure over the coming years.

What is the vesting schedule for Dennis W. Liu’s RSUs at Clear Secure (YOU)?

The RSUs vest in three equal annual installments on March 10, 2027, March 10, 2028 and March 10, 2029. Vesting is generally conditioned on Dennis W. Liu’s continued service with Clear Secure through each applicable vesting date.

Does Dennis W. Liu’s RSU grant at Clear Secure (YOU) involve an exercise price?

The RSU grant to Dennis W. Liu carries a stated price per unit of $0.0000, reflecting that RSUs are compensation awards. He is not required to pay an exercise price to receive the underlying Class A Common Stock as the units vest over time.

What will Dennis W. Liu receive when his Clear Secure (YOU) RSUs vest?

Upon vesting, each RSU entitles Dennis W. Liu to receive one share of Clear Secure’s Class A Common Stock. Delivery of these shares depends on each vesting date being reached and his continued service, as outlined in the award’s terms and conditions.

Is Dennis W. Liu’s Form 4 transaction a stock purchase or sale in Clear Secure (YOU)?

The Form 4 reports an acquisition of restricted stock units as a grant or award, not an open-market stock purchase or sale. The transaction code is “A,” indicating a compensation-related award rather than discretionary buying or selling of existing shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Liu Dennis W.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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

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	(1)	03/10/2026		A		8,711		(1)	(1)	Class A Common Stock	8,711	$0	8,711	D

Explanation of Responses:

1. Represents restricted stock units ("RSUs"), each of which represents a contingent right to receive a share of Class A Common Stock of the Issuer following the vesting date. The RSUs will vest in three equal annual installments on each of March 10, 2027, 2028 and 2029, generally subject to the reporting person's continued service.

	/s/ Lynn Haaland, Attorney-in-Fact	03/12/2026
	** 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.