Clear Secure (NYSE: YOU) director Jeffery Boyd granted DSU awards

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

BOYD JEFFERY H reported acquisition or exercise transactions in this Form 4 filing.

Clear Secure, Inc. director Jeffery H. Boyd reported two compensation-related grants of Deferred Restricted Stock Units (DSUs) tied to the company’s Class A Common Stock. He received 1,442 DSUs valued using a $57.23 reference price and 4,194 additional DSUs as board retainer in stock rather than cash.

The 1,442 DSUs vest on the earlier of June 10, 2027 or the next annual stockholder meeting, generally subject to continued board service. The 4,194 DSUs vest in four quarterly installments starting September 30, 2026, and all DSUs are to be settled in shares after his departure from the board.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider BOYD JEFFERY H

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	4,194	$0.00	--
Grant/Award	Restricted Stock Units	1,442	$57.23	$83K

Holdings After Transaction: Restricted Stock Units — 4,194 shares (Direct, null)

Footnotes (1)

Represents Deferred Restricted Stock Units ("DSUs"), each of which represents a contingent right to receive a share of Class A Common Stock of the Issuer on a future date. The DSUs will vest upon the earlier of (i) June 10, 2027 or (ii) the Issuer's next annual meeting of stockholders, generally subject to the reporting person's continued service; the DSUs generally will not be settled into shares of Class A Common Stock until after the reporting person's departure from the board of directors. The reporting person elected to receive DSUs in lieu of cash retainer payments for service on the Issuer's board of directors. The price of the DSUs reported herein represents the 20-trading day average closing market price of the Issuer's Class A common stock for the period ending June 10, 2026, which price was used to calculate the number of DSUs issued to the Reporting Person. The DSUs will vest in four quarterly installments starting September 30, 2026, generally subject to the reporting person's continued service; the DSUs generally will not be settled into shares of Class A Common Stock until after the reporting person's departure from the board of directors.

Key Figures

DSU grant size 1: 1,442 DSUs Reference price for 1,442 DSUs: $57.23 per share DSU grant size 2: 4,194 DSUs +3 more

6 metrics

DSU grant size 1 1,442 DSUs Deferred Restricted Stock Units vesting by June 10, 2027 or next annual meeting

Reference price for 1,442 DSUs <money>$57.23</money> per share Price used to calculate DSUs representing Class A Common Stock

DSU grant size 2 4,194 DSUs Deferred Restricted Stock Units in lieu of cash retainer

Pricing period for DSU calculation 20-trading day average Average closing market price ending <date>June 10, 2026</date>

Quarterly vesting start <date>September 30, 2026</date> First of four quarterly vesting dates for 4,194 DSUs

Alternative vesting date <date>June 10, 2027</date> Outside vesting date for 1,442 DSUs if no earlier annual meeting

Key Terms

Deferred Restricted Stock Units ("DSUs"), cash retainer payments, 20-trading day average closing market price, annual meeting of stockholders, +1 more

5 terms

Deferred Restricted Stock Units ("DSUs") financial

"Represents Deferred Restricted Stock Units ("DSUs"), each of which represents a contingent right to receive a share"

cash retainer payments financial

"The reporting person elected to receive DSUs in lieu of cash retainer payments for service on the Issuer's board"

20-trading day average closing market price financial

"represents the 20-trading day average closing market price of the Issuer's Class A common stock"

annual meeting of stockholders financial

"vest upon the earlier of (i) June 10, 2027 or (ii) the Issuer's next annual meeting of stockholders"

board of directors financial

"will not be settled into shares of Class A Common Stock until after the reporting person's departure from the board of directors"

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

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Form 4 Insider Transactions: What Each Field Means →

06/11/2026 - 04:18 PM

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^*

BOYD JEFFERY H

(Last)

(First)

(Middle)

85 10TH AVE., 9TH FLOOR

(Street)

NEW YORK

10011

(City)

(State)

(Zip)

UNITED STATES

(Country)

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
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	06/10/2026		A		4,194		⁽¹⁾	⁽¹⁾	Class A Common Stock	4,194	$0	4,194	D
Restricted Stock Units	⁽²⁾	06/10/2026		A		1,442		⁽²⁾	⁽²⁾	Class A Common Stock	1,442	$57.23⁽²⁾	1,442	D

Explanation of Responses:

1. Represents Deferred Restricted Stock Units ("DSUs"), each of which represents a contingent right to receive a share of Class A Common Stock of the Issuer on a future date. The DSUs will vest upon the earlier of (i) June 10, 2027 or (ii) the Issuer's next annual meeting of stockholders, generally subject to the reporting person's continued service; the DSUs generally will not be settled into shares of Class A Common Stock until after the reporting person's departure from the board of directors.

2. The reporting person elected to receive DSUs in lieu of cash retainer payments for service on the Issuer's board of directors. The price of the DSUs reported herein represents the 20-trading day average closing market price of the Issuer's Class A common stock for the period ending June 10, 2026, which price was used to calculate the number of DSUs issued to the Reporting Person. The DSUs will vest in four quarterly installments starting September 30, 2026, generally subject to the reporting person's continued service; the DSUs generally will not be settled into shares of Class A Common Stock until after the reporting person's departure from the board of directors.

Remarks:

	/s/ Jen Hsu, Attorney-in-Fact	06/11/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Jeffery H. Boyd report at Clear Secure (YOU)?

Jeffery H. Boyd reported two acquisitions of Deferred Restricted Stock Units (DSUs) as board compensation. One grant covers 1,442 DSUs and another 4,194 DSUs, both linked to Clear Secure’s Class A Common Stock and subject to service-based vesting conditions described in the filing.

How many DSUs did Jeffery H. Boyd receive from Clear Secure (YOU)?

He received 1,442 Deferred Restricted Stock Units in one grant and 4,194 DSUs in a separate grant. Each DSU represents a contingent right to receive one share of Class A Common Stock, subject to the specific vesting schedules and service conditions outlined for each award.

When do Jeffery H. Boyd’s DSUs at Clear Secure (YOU) vest?

The 1,442 DSUs vest on the earlier of June 10, 2027 or the next annual stockholder meeting. The 4,194 DSUs vest in four quarterly installments starting September 30, 2026, in each case generally requiring his continued service on the board of directors.

Why did Jeffery H. Boyd receive DSUs instead of cash at Clear Secure (YOU)?

He elected to receive Deferred Restricted Stock Units in lieu of cash retainer payments for board service. The number of DSUs was calculated using the 20-trading day average closing market price of Clear Secure’s Class A Common Stock for the period ending June 10, 2026.

When will Jeffery H. Boyd’s DSUs at Clear Secure (YOU) be settled into shares?

According to the filing, the DSUs generally will not be settled into shares of Class A Common Stock until after Jeffery H. Boyd’s departure from the board. Settlement timing therefore depends on when his service as a director ends, subject to the plan’s terms.

Is Jeffery H. Boyd’s Form 4 at Clear Secure (YOU) a stock purchase or sale?

The Form 4 reflects compensation-related awards, not open-market trades. Both transactions are coded as “A” for grants or awards, representing DSU grants for board service rather than market purchases or sales of Clear Secure’s Class A Common Stock.