Who executed the Clear Secure (YOU) share sales disclosed in this Form 4?

The sales were executed by Alclear Investments, LLC , which is controlled by CEO Caryn Seidman-Becker as its sole manager. She has dispositive and voting control over the shares held by Alclear Investments, according to the filing’s footnotes describing the ownership structure and authority.

What exchanges between Clear Secure (YOU) share classes occurred in this filing?

Common units and Class D shares were exchanged into Class B common stock on a one-for-one basis under an existing exchange agreement. The resulting Class A shares were then used to settle the reported sales, while the holder’s indirect Class B balance increased after the conversion.

CEO-linked entity trims Clear Secure (NYSE: YOU) stake by 325,676 shares

Q: How many Clear Secure (YOU) Class A shares were sold and at what prices?

Alclear Investments sold 325,676 Class A shares in multiple transactions on March 2–3, 2026. Weighted-average prices ranged from about $48.00 to $50.31 per share, with detailed price ranges for each trade block provided in the footnotes to the Form 4 filing.

Q: What are the voting and economic rights of Clear Secure (YOU) Class D and Class B stock?

Class D common stock carries 20 votes per share but no economic rights such as dividends or liquidation distributions. Class B common stock carries 20 votes per share and full economic rights, including participation in dividends and distributions upon liquidation, according to the footnotes.

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

Clear Secure, Inc. insider reporting shows multiple transactions by Alclear Investments, LLC, an entity controlled by CEO Caryn Seidman-Becker. Under a pre-set Rule 10b5-1 trading plan, Alclear Investments sold a total of 325,676 shares of Class A common stock in open-market trades on March 2–3, 2026 at weighted-average prices ranging from about $48.00 to $50.31 per share.

On March 4, 2026, Alclear Investments disposed of 325,676 non-voting common units of Alclear Holdings, LLC and the same number of Class D common shares to the issuer and received Class B common stock on a one-for-one basis under an existing exchange agreement. It also acquired 325,676 shares of Class A common stock as an award, resulting in 18804570 non-voting units/Class D and 677,463 Class B shares held indirectly after the exchanges.

Insights

CEO-controlled entity executes planned sales and internal share exchanges.

The transactions reflect a mix of open-market sales and internal recapitalization within Clear Secure’s multi-class structure. Alclear Investments, LLC, controlled by CEO Caryn Seidman-Becker, sold 325,676 Class A shares under a Rule 10b5-1 plan, indicating pre-arranged trading rather than discretionary timing.

Simultaneously, Alclear exchanged non-voting units and Class D shares for Class B shares on a one-for-one basis, and received an award of 325,676 Class A shares. These steps reshuffle voting and economic interests across share classes without clear evidence in this excerpt of overall ownership shrinking materially beyond the net Class A sales.

Future company filings may shed more light on how these moves affect long-term insider ownership concentration, especially given the high-vote characteristics of Class B and Class D stock described here.

Insider Trade Summary

Net Seller: 325,676 shares ($15,946,383)

Net Sell 10 txns

Insider Seidman Becker Caryn

Role Chief Executive Officer

Sold 325,676 shs ($15.95M)

Type	Security	Shares	Price	Value
Disposition	Non-voting common units of Alclear Holdings, LLC	325,676	$0.00	--
Disposition	Class D Common Stock	325,676	$0.00	--
Grant/Award	Class B Common Stock	325,676	$0.00	--
Grant/Award	Class B Common Stock	325,676	$0.00	--
Grant/Award	Class A Common Stock	325,676	$0.00	--
Sale	Class A Common Stock	51,200	$48.68	$2.49M
Sale	Class A Common Stock	137,632	$49.48	$6.81M
Sale	Class A Common Stock	14,400	$50.14	$722K
Sale	Class A Common Stock	121,645	$48.36	$5.88M
Sale	Class A Common Stock	799	$49.02	$39K

Holdings After Transaction: Non-voting common units of Alclear Holdings, LLC — 18,804,570 shares (Indirect, See footnote); Class D Common Stock — 18,804,570 shares (Indirect, See footnote); Class B Common Stock — 677,463 shares (Indirect, See footnote); Class A Common Stock — 325,676 shares (Indirect, See footnote)

Footnotes (1)

These transactions were automatically effected pursuant to a Rule 10b5-1 trading plan previously adopted by Alclear Investments, LLC on November 20, 2025. These shares were sold in multiple transactions ranging from $48.00 to $48.92. 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 footnotes 5, 6, 7 and 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $49.00 to $49.03, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $48.06 to $48.99, inclusive. The price report in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $49.00 to $49.99, inclusive. The price report in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $50.00 to $50.31, inclusive. 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. 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 B common stock of the Issuer ("Class B Common Stock") have 20 votes per share and economic rights (including rights to dividends and distributions upon liquidation).

Form 4 Insider Transactions: What Each Field Means →

03/04/2026 - 09:21 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^*

Seidman Becker Caryn

(Last)

(First)

(Middle)

85 10TH AVE., 9TH FLOOR

(Street)

NEW YORK

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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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)
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)
Class A Common Stock	03/02/2026		S⁽¹⁾		121,645	D	$48.36⁽²⁾	204,031⁽³⁾	I	See footnote⁽⁴⁾
Class A Common Stock	03/02/2026		S⁽¹⁾		799	D	$49.02⁽⁵⁾	203,232⁽³⁾	I	See footnote⁽⁴⁾
Class A Common Stock	03/03/2026		S⁽¹⁾		51,200	D	$48.68⁽⁶⁾	152,032⁽³⁾	I	See footnote⁽⁴⁾
Class A Common Stock	03/03/2026		S⁽¹⁾		137,632	D	$49.48⁽⁷⁾	14,400⁽³⁾	I	See footnote⁽⁴⁾
Class A Common Stock	03/03/2026		S⁽¹⁾		14,400	D	$50.14⁽⁸⁾	0⁽³⁾	I	See footnote⁽⁴⁾
Class D Common Stock⁽⁹⁾⁽¹⁰⁾	03/04/2026		D⁽¹⁰⁾		325,676	D	⁽¹⁰⁾	18,804,570	I	See footnote⁽⁴⁾
Class B Common Stock⁽¹⁰⁾⁽¹¹⁾	03/04/2026		A⁽¹⁰⁾		325,676	A	⁽¹⁰⁾	677,463	I	See footnote⁽⁴⁾
Class B Common Stock⁽¹⁰⁾⁽¹¹⁾	03/04/2026		A⁽¹⁰⁾		325,676	A	⁽¹⁰⁾	677,463	I	See footnote⁽⁴⁾
Class A Common Stock⁽³⁾	03/04/2026		A⁽³⁾		325,676	A	⁽³⁾	325,676	I	See footnote⁽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)
Non-voting common units of Alclear Holdings, LLC⁽¹⁰⁾	⁽¹⁰⁾	03/04/2026		D			325,676	⁽¹⁰⁾	⁽¹⁰⁾	Class B Common Stock and Class A Common Stock	325,676	⁽¹⁰⁾	18,804,570	I	See footnote⁽⁴⁾

Explanation of Responses:

1. These transactions were automatically effected pursuant to a Rule 10b5-1 trading plan previously adopted by Alclear Investments, LLC on November 20, 2025.

2. These shares were sold in multiple transactions ranging from $48.00 to $48.92. 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 footnotes 5, 6, 7 and 8.

3. 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.

4. 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.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $49.00 to $49.03, inclusive.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $48.06 to $48.99, inclusive.

7. The price report in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $49.00 to $49.99, inclusive.

8. The price report in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $50.00 to $50.31, inclusive.

9. 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.

10. 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.

11. Shares of Class B common stock of the Issuer ("Class B Common Stock") have 20 votes per share and economic rights (including rights to dividends and distributions upon liquidation).

	/s/ Lynn Haaland, Attorney-in-Fact	03/04/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Clear Secure (YOU) report for March 2026?

Clear Secure reported that Alclear Investments, LLC, controlled by CEO Caryn Seidman-Becker, sold 325,676 Class A shares in open-market trades and completed exchanges involving non-voting units, Class D, and Class B stock, alongside an award of 325,676 Class A shares.

How many Clear Secure (YOU) Class A shares were sold and at what prices?

Alclear Investments sold 325,676 Class A shares in multiple transactions on March 2–3, 2026. Weighted-average prices ranged from about $48.00 to $50.31 per share, with detailed price ranges for each trade block provided in the footnotes to the Form 4 filing.

What are the voting and economic rights of Clear Secure (YOU) Class D and Class B stock?

Class D common stock carries 20 votes per share but no economic rights such as dividends or liquidation distributions. Class B common stock carries 20 votes per share and full economic rights, including participation in dividends and distributions upon liquidation, according to the footnotes.

Was the Clear Secure (YOU) insider selling under a Rule 10b5-1 plan?

Yes. The filing states the transactions were automatically effected under a Rule 10b5-1 trading plan adopted by Alclear Investments, LLC on November 20, 2025, indicating the sales followed a pre-established schedule rather than ad hoc trading decisions.