Clear Secure (NYSE: YOU) 10% owner sells 28,603 Class A shares under plan
Rhea-AI Filing Summary
Alclear Investments, LLC, a 10% owner of Clear Secure, Inc., reported selling a total of 28,603 shares of Class A Common Stock on July 15, 2026 in open-market transactions at weighted-average prices of $53.55 and $54.01, executed pursuant to a Rule 10b5-1 trading plan adopted on March 12, 2026. On July 17, 2026 it exchanged 28,603 non-voting common units of Alclear Holdings, LLC and an equal number of Class C Common Stock shares for 28,603 Class A shares on a one-for-one basis under an Exchange Agreement; those Class A shares were used to settle the earlier sale. Following these transactions, Alclear Investments directly holds 151,787 Class A shares and 18,130,246 non-voting common units of Alclear Holdings, LLC with corresponding shares of Class C Common Stock.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 28,603 shares ($1,532,289)
Net Sell
5 txns
Insider
Alclear Investments, LLC
Role
Director, 10% Owner
Sold
28,603 shs ($1.53M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-voting common units of Alclear Holdings, LLC | 28,603 | -- | -- |
| Disposition | Class C Common Stock | 28,603 | -- | -- |
| Grant/Award | Class A Common Stock | 28,603 | -- | -- |
| Sale | Class A Common Stock | 27,303 | $53.55 | $1.46M |
| Sale | Class A Common Stock | 1,300 | $54.01 | $70K |
Holdings After Transaction:
Non-voting common units of Alclear Holdings, LLC — 18,130,246 shares (Direct);
Class C Common Stock — 18,130,246 shares (Direct);
Class A Common Stock — 151,787 shares (Direct)
Footnotes (1)
- These transactions were automatically effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on March 12, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $53.00 to $53.98, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, and the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and footnote 4. Pursuant to the terms of the Exchange Agreement, dated June 29, 2021, by and among the Issuer, Alclear Holdings, LLC ("Alclear") and the equityholders of Alclear (the "Exchange Agreement"), nonvoting common units of Alclear ("Common Units"), together with a corresponding number of shares of Class C common stock of the Issuer ("Class C Common Stock"), were exchanged for shares of Class A common stock of the Issuer ("Class A Common Stock") on a one-for-one basis. The exchange rights under the Exchange Agreement do not expire. The resulting shares of Class A Common Stock were used to settle the sale transaction described above. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $54.00 to $54.14, inclusive. Shares of Class C Common Stock have one vote per share but no economic rights (including rights to dividends and distributions upon liquidation) and are issued in an equal amount to the number of Common Units held.
Key Figures
Class A shares sold: 28,603 shares
First sale tranche price: $53.55 per share
Second sale tranche price: $54.01 per share
+4 more
7 metrics
Class A shares sold
28,603 shares
Total Class A Common Stock sold on July 15, 2026
First sale tranche price
$53.55 per share
Weighted-average price for 27,303 Class A shares sold; range $53.00–$53.98
Second sale tranche price
$54.01 per share
Weighted-average price for 1,300 Class A shares sold; range $54.00–$54.14
Rule 10b5-1 plan adoption date
March 12, 2026
Adoption date of trading plan governing the reported sales
Class A shares held after transactions
151,787 shares
Direct Class A Common Stock ownership by Alclear Investments after July 17, 2026
Non-voting units and Class C shares held
18,130,246 units/shares
Non-voting common units of Alclear Holdings and corresponding Class C Common Stock after exchange
Units exchanged for Class A
28,603 units
Non-voting common units (and equal Class C shares) exchanged one-for-one into Class A
Key Terms
Rule 10b5-1 trading plan, weighted average price, Exchange Agreement, nonvoting common units, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"transactions were automatically effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Exchange Agreement regulatory
"Pursuant to the terms of the Exchange Agreement, dated June 29, 2021"
A written deal in which two parties agree to swap assets, securities or obligations under set terms—think of it as a formal swap or trade contract. For investors it matters because such agreements can change who owns what, alter a company’s capital structure, affect future cash flows or dilute existing shares, and therefore influence value and risk in a straightforward, contract-driven way.
nonvoting common units financial
"nonvoting common units of Alclear ("Common Units")"
Class C Common Stock financial
"shares of Class C common stock of the Issuer ("Class C Common Stock")"
A class C common stock is a type of company share that usually represents ownership but often carries limited or no voting power compared with other share classes. For investors, that matters because it can affect influence over company decisions and sometimes the stock’s price or dividend priority — think of it as owning a ticket to the same event but in a section with less say in how the event is run.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Alclear Investments report for Clear Secure (YOU)?
Alclear Investments, LLC reported selling 28,603 Clear Secure Class A shares on July 15, 2026, in two open-market trades, and on July 17, 2026 exchanging 28,603 non-voting common units and Class C shares for an equal number of Class A shares used to settle that sale.
Were the Clear Secure (YOU) insider sales made under a Rule 10b5-1 plan?
Yes. The reported sales of Clear Secure Class A shares were automatically executed under a Rule 10b5-1 trading plan adopted by Alclear Investments on March 12, 2026, indicating the trades followed a pre-arranged schedule rather than discretionary market timing.
What is the Exchange Agreement mentioned in the Clear Secure (YOU) insider report?
Under an Exchange Agreement dated June 29, 2021, non-voting common units of Alclear Holdings and corresponding Class C Common Stock can be exchanged one-for-one for Class A Common Stock. On July 17, 2026, 28,603 units and Class C shares were exchanged to deliver Class A shares for the sale.
What Clear Secure (YOU) holdings does Alclear Investments have after these transactions?
After the reported transactions, Alclear Investments directly holds 151,787 shares of Clear Secure Class A Common Stock and 18,130,246 non-voting common units of Alclear Holdings, LLC, along with an equal number of corresponding shares of Class C Common Stock with voting but no economic rights.