[Form 4] Clear Secure, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clear Secure, Inc.’s CEO Caryn Seidman Becker, through Alclear Investments, LLC, executed pre-planned insider transactions under a Rule 10b5-1 trading plan adopted on March 12, 2026. Alclear Investments sold a net 212,538 shares of Class A Common Stock in open-market transactions.
To fund these sales, Alclear Investments exercised 212,538 non-voting common units of Alclear Holdings, LLC, exchanging them and corresponding Class D Common Stock into Class B Common Stock, which was then converted one-for-one into Class A shares used to settle the sales. Following these steps, Alclear Investments holds 348,363 shares of Class B Common Stock and 18,414,555 shares of Class D Common Stock, preserving a significant voting and economic interest.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 212,538 shares ($11,307,870)
Net Sell
13 txns
Insider
Seidman Becker Caryn
Role
Chief Executive Officer
Sold
212,538 shs ($11.31M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-voting common units of Alclear Holdings, LLC | 196,576 | $0.00 | -- |
| Disposition | Class D Common Stock | 196,576 | $0.00 | -- |
| Grant/Award | Class B Common Stock | 196,576 | $0.00 | -- |
| Disposition | Class B Common Stock | 196,576 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 196,576 | $0.00 | -- |
| Exercise | Non-voting common units of Alclear Holdings, LLC | 15,962 | $0.00 | -- |
| Disposition | Class D Common Stock | 15,962 | $0.00 | -- |
| Grant/Award | Class B Common Stock | 15,962 | $0.00 | -- |
| Disposition | Class B Common Stock | 15,962 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 15,962 | $0.00 | -- |
| Sale | Class A Common Stock | 196,576 | $53.21 | $10.46M |
| Sale | Class A Common Stock | 15,962 | $53.13 | $848K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-voting common units of Alclear Holdings, LLC — 18,414,555 shares (Indirect, See footnote);
Class D Common Stock — 18,414,555 shares (Indirect, See footnote);
Class B Common Stock — 348,363 shares (Indirect, See footnote);
Class A Common Stock — 0 shares (Indirect, See footnote);
Class A Common Stock — 238,365 shares (Direct, null)
Footnotes (1)
- These transactions were automatically effected pursuant to a Rule 10b5-1 trading plan previously adopted by Alclear Investments, LLC 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 $53.44, 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 in footnote 8. 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. The resulting shares of Class A Common Stock were used to settle the sale transaction described above, and so after the transactions reported in this Form 4, no shares of Class A Common Stock are held. Alclear Investments, LLC is controlled by Ms. Seidman Becker, its sole manager, who has dispositive control and voting control over the shares held by Alclear Investments, LLC. Pursuant to the terms of the Exchange Agreement, dated June 29, 2021, by and among the Issuer, Alclear and the equity holders of Alclear (the "Exchange Agreement"), Common Units, together with a corresponding number of shares of Class D Common Stock, were exchanged for Class B Common Stock on a one-for-one basis. The exchange rights under the Exchange Agreement do not expire. Shares of Class D Common Stock have 20 votes 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. Shares of Class B Common Stock have 20 votes per share and economic rights (including rights to dividends and distributions upon liquidation). The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $53.00 to $53.76, inclusive.
