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

Rhea-AI Filing Summary

Clear Secure, Inc. insider filing reports that Dennis W. Liu, the company's Chief Accounting Officer, sold 2,027 shares of Class A common stock on 08/22/2025 at a price of $36 per share. The transaction was effected pursuant to a previously adopted Rule 10b5-1 trading plan established on November 22, 2024. After the sale, Mr. Liu beneficially owned 11,896 shares, reported as direct holdings. The Form 4 was signed by an attorney-in-fact, Lynn Haaland, on 08/25/2025.

The filing discloses a routine, preplanned insider sale rather than an ad hoc transaction, and includes no options, derivatives, or additional compensatory awards. No other material changes to ownership or additional transactions are reported on this form.

Insights

Securities Analyst

TL;DR: Insider sale of 2,027 shares under a 10b5-1 plan; ownership remains material at 11,896 shares.

The sale was executed under an established Rule 10b5-1 plan, indicating it was prearranged and not an opportunistic trade. The disposition of 2,027 shares at $36 reduces the reporting person’s direct stake but leaves a meaningful residual holding of 11,896 shares. For investors, this is procedural disclosure of insider liquidity rather than evidence of new information about company fundamentals. The filing contains no derivative activity and no amendments to prior beneficial ownership beyond the reported sale.

Corporate Governance Expert

TL;DR: Transaction follows compliance best practices via a 10b5-1 plan; documentation and signature present.

The report clearly states the Rule 10b5-1 plan date and shows the sale was executed pursuant to that plan, which supports affirmative defense to insider trading claims if conditions are met. The form is signed by an attorney-in-fact, which is acceptable under SEC practice when properly authorized. There are no indications of coordinated sales or changes to executive roles. This is a routine disclosure consistent with governance and compliance protocols.

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).

X

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)
08/22/2025

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	08/22/2025		S(1)		2,027	D	$36	11,896	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

Explanation of Responses:

1. This transaction was automatically effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on November 22, 2024.

Remarks:

	/s/ Lynn Haaland, Attorney-in-Fact	08/25/2025
	** 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.