Alclear shifts Clear Secure (NYSE: YOU) Class B into Class A and transfers stock

Rhea-AI Filing Summary

Alclear Investments, LLC, a director and 10% owner of Clear Secure, Inc., reported internal equity changes involving Class A and Class B shares. On March 12, it disposed of 200,000 shares of Class B common stock to the issuer and received 200,000 shares of Class A common stock at no cost, reflecting a one-for-one Class B to Class A conversion under the company’s charter. On March 13, it transferred 200,000 Class A shares for no value to Ms. Caryn Seidman Becker as a change in the form of beneficial ownership. Following these transactions, Alclear Investments directly holds 151,787 Class B shares.

Insights

Insider transactions analyst

These are non-market restructuring moves swapping voting power and ownership form.

The filing shows Alclear Investments, LLC converting Class B into Class A shares and then transferring Class A shares for no value. The Class B to Class A swap occurs one-for-one under the certificate of incorporation, indicating a structural change rather than a priced market trade.

Class B shares carry 20 votes per share with full economic rights, so converting them into Class A alters voting concentration. The subsequent 200,000-share transfer to Ms. Caryn Seidman Becker is described as a change in the form of beneficial ownership and viewed as exempt under Rule 16a-13. Overall impact appears administrative, with no cash proceeds or open-market buying or selling disclosed here.

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
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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^*

Alclear Investments, LLC

(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	X	10% Owner
	Officer (give title below)	X	Other (specify below)
			See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

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 B Common Stock(1)(2)	03/12/2026		D(1)		200,000	D	(1)	151,787	D
Class A Common Stock(1)	03/12/2026		A(1)		200,000	A	(1)	200,000	D
Class A Common Stock(3)	03/13/2026		J(3)		200,000	D	$0(3)	0	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. Pursuant to the terms of the Issuer's Certificate of Incorporation, each share of Class B common stock of the Issuer ("Class B Common Stock") was converted into a share of Class A common stock of the Issuer ("Class A Common Stock") on a one-for-one basis.

2. Shares of Class B Common Stock have 20 votes per share and economic rights (including rights to dividends and distributions upon liquidation).

3. Represents a transfer for no value from the reporting person to Ms. Caryn Seidman Becker in connection with the gift transactions reported by Ms. Seidman Becker in her Form 4 filed on March 16, 2026. The reporting person believes that the transfer constitutes a change in form of beneficial ownership of the shares, exempted by Rule 16a-13 under the Securities Exchange Act of 1934.

Remarks:

By virtue of its relationship with Ms. Caryn Seidman Becker, the sole manager of Alclear Investments, LLC and an equityholder of Alclear Investments, LLC, the reporting person may be deemed to be director by deputization.

	s/ Lynn Haaland, Attorney-in-Fact	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did Alclear Investments report in Clear Secure (YOU)?

Alclear Investments reported three linked transactions: a disposition of 200,000 Class B shares to the issuer, an acquisition of 200,000 Class A shares, and a subsequent transfer of 200,000 Class A shares for no value as a change in beneficial ownership form.

How did the Clear Secure (YOU) Class B to Class A share conversion work?

Each share of Clear Secure Class B common stock converted into one share of Class A common stock under the company’s certificate of incorporation. This one-for-one conversion changed the share class while preserving economic rights tied to each share for the holder involved.

What happened to the 200,000 Class A shares held by Alclear Investments in Clear Secure (YOU)?

Alclear Investments transferred 200,000 Class A shares for no value to Ms. Caryn Seidman Becker. The filer believes this was merely a change in the form of beneficial ownership and that it qualifies for exemption under Rule 16a-13 of the Exchange Act.

How many Clear Secure (YOU) Class B shares does Alclear Investments hold after these transactions?

After the reported transactions, Alclear Investments directly holds 151,787 shares of Clear Secure Class B common stock. These Class B shares carry 20 votes per share and also have economic rights, including dividends and liquidation distributions, according to the disclosure.

Were the Alclear Investments transactions in Clear Secure (YOU) open-market buys or sells?

The transactions were not open-market trades. They included a disposition to the issuer, a one-for-one conversion of Class B into Class A common stock, and a transfer of Class A shares for no value, all treated as structural or ownership-form changes rather than priced market purchases or sales.