Clear Secure (NYSE: YOU) president sells 11,550 shares under 10b5-1 plan

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Clear Secure, Inc. president and director Michael Z. Barkin sold Class A Common Stock in a planned transaction. On May 28, 2026, he executed an open-market sale of 11,550 shares at $56.29 per share and now directly holds 22,994 shares.

The sale was automatically carried out under a previously adopted Rule 10b5-1 trading plan dated February 27, 2026, indicating the trade was pre-scheduled rather than a discretionary market-timing decision.

Insider Trade Summary 10b5-1

Net Seller: 11,550 shares ($650,150)

Net Sell 1 txn

Insider Barkin Michael Z

Role President

Sold 11,550 shs ($650K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	11,550	$56.29	$650K

Holdings After Transaction: Class A Common Stock — 22,994 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold: 11,550 shares Sale price: $56.29 per share Shares held after transaction: 22,994 shares +2 more

5 metrics

Shares sold 11,550 shares Open-market sale of Class A Common Stock

Sale price $56.29 per share Price for the 11,550 shares sold

Shares held after transaction 22,994 shares Direct holdings following the sale

Transaction date May 28, 2026 Date of reported open-market sale

Trading plan adoption date February 27, 2026 Rule 10b5-1 plan governing this sale

Key Terms

Rule 10b5-1 trading plan, open-market sale, Class A Common Stock, Form 4

4 terms

Rule 10b5-1 trading plan regulatory

"This transaction was automatically effected pursuant to a Rule 10b5-1 trading plan previously adopted"

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.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Class A Common Stock financial

"security_title": "Class A Common Stock""

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

05/29/2026 - 04:30 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^*

Barkin Michael Z

(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
X	Officer (give title below)	Other (specify below)
	President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026

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)
Class A Common Stock	05/28/2026		S⁽¹⁾		11,550	D	$56.29	22,994	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)
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)

Explanation of Responses:

1. This transaction was automatically effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on February 27, 2026.

Remarks:

	/s/ Jen Hsu, Attorney-in-Fact	05/29/2026
	** 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 transaction did Clear Secure (YOU) report for Michael Z. Barkin?

Clear Secure reported that president and director Michael Z. Barkin sold 11,550 shares of Class A Common Stock. The transaction was an open-market sale executed under a Rule 10b5-1 trading plan and reflects a pre-arranged disposition of shares rather than a spontaneous trade.

At what price did Michael Z. Barkin sell Clear Secure (YOU) shares?

Michael Z. Barkin sold his Clear Secure Class A shares at a price of $56.29 per share. This price applies to the 11,550 shares reported in the Form 4 and represents the sale value used to calculate the total proceeds of this specific transaction.

How many Clear Secure (YOU) shares does Michael Z. Barkin hold after the sale?

After the reported sale, Michael Z. Barkin directly holds 22,994 shares of Clear Secure Class A Common Stock. This post-transaction holding figure comes from the Form 4 and shows his remaining direct equity position following the 11,550-share disposition.

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

Yes, the sale was automatically effected under a Rule 10b5-1 trading plan adopted on February 27, 2026. Such plans pre-schedule trades, meaning the timing of this 11,550-share sale was determined in advance rather than decided opportunistically.

What is the nature of the Clear Secure (YOU) transaction reported in this Form 4?

The Form 4 reports a non-derivative open-market sale of Class A Common Stock by Michael Z. Barkin. It covers 11,550 shares sold at $56.29 each, with the shares held directly in his name and no associated derivative exercises disclosed.