Clear Secure CEO sells 165,395-share block under plan
The CEO's sales were automatically effected under a Rule 10b5-1 plan adopted March 12, 2026.
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Form Type
4
Rhea-AI Filing Summary
Clear Secure, Inc. Chief Executive Officer, director and 10% owner Caryn Seidman Becker reported indirect sales through Alclear Investments, LLC of 165,395 Class A shares at a weighted average $60.47 and 10,701 shares at a weighted average $61.26 on November 4, 2026. The sales were automatically effected under a Rule 10b5-1 trading plan adopted March 12, 2026.
On November 5, 176,096 Alclear Holdings, LLC Common Units and corresponding Class C shares were exchanged for 176,096 Class A shares one-for-one; the resulting Class A shares were used to settle the sale. After the transactions, 151,787 Class A shares were held.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Seidman Becker Caryn
Role
Chief Executive Officer
Sold
176,096 shs ($10.66M)
Approx. gross sale proceeds
$10.66M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-voting common units of Alclear Holdings, LLC F3, F4 | 176,096 | -- | -- |
| Disposition | Class C Common Stock F3, F6, F4 | 176,096 | -- | -- |
| Grant/Award | Class A Common Stock F3, F4 | 176,096 | -- | -- |
| Sale | Class A Common Stock F1, F2, F3, F4 | 165,395 | $60.47 | $10.00M |
| Sale | Class A Common Stock F1, F5, F3, F4 | 10,701 | $61.26 | $656K |
| Holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-voting common units of Alclear Holdings, LLC — 17,630,246 contracts (Indirect, See footnote);
Class C Common Stock — 17,630,246 shares (Indirect, See footnote);
Class A Common Stock — 151,787 shares (Indirect, See footnote);
Class A Common Stock — 630,890 shares (Direct)
Holdings Before and After:
Non-voting common units of Alclear Holdings, LLC, 17,806,342 to 17,630,246 contracts (Indirect, See footnote);
Class C Common Stock, 17,806,342 to 17,630,246 shares (Indirect, See footnote)
Other Insiders: 2 other insiders reported open-market sales of this stock in the 30 days up to this filing.
Footnotes (6)
- F1. These transactions were automatically effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on March 12, 2026.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $60.00 to $60.99, 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 footnote 5.
- F3. Pursuant to the terms of the Exchange Agreement, dated June 29, 2021, by and among the Issuer, Alclear Holdings, LLC ("Alclear") and the equityholders of Alclear (the "Exchange Agreement"), nonvoting common units of Alclear ("Common Units"), together with a corresponding number of shares of Class C common stock of the Issuer ("Class C Common Stock"), were exchanged for shares of Class A common stock of the Issuer ("Class A Common Stock") on a one-for-one basis. The exchange rights under the Exchange Agreement do not expire. 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, 151,787 shares of Class A Common Stock are held.
- F4. 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.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $61.00 to $61.58, inclusive.
- F6. Shares of Class C Common Stock have one vote 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.
Key Figures
Class A shares sold: 165,395 shares
Weighted average sale price: $60.47 per share
Class A shares sold: 10,701 shares
+3 more
6 metrics
Class A shares sold
165,395 shares
Indirect sale on November 4, 2026
Weighted average sale price
$60.47 per share
For 165,395 shares sold on November 4, 2026
Class A shares sold
10,701 shares
Indirect sale on November 4, 2026
Weighted average sale price
$61.26 per share
For 10,701 shares sold on November 4, 2026
Class A shares received in exchange
176,096 shares
One-for-one exchange on November 5, 2026
Class A shares held after transactions
151,787 shares
After the reported transactions
Key Terms
Rule 10b5-1 trading plan, weighted average price, Exchange Agreement, Common Units
4 terms
Rule 10b5-1 trading plan regulatory
"automatically effected pursuant to a Rule 10b5-1 trading plan"
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.
weighted average price financial
"The price reported in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Exchange Agreement technical
"Pursuant to the terms of the Exchange Agreement"
A written deal in which two parties agree to swap assets, securities or obligations under set terms—think of it as a formal swap or trade contract. For investors it matters because such agreements can change who owns what, alter a company’s capital structure, affect future cash flows or dilute existing shares, and therefore influence value and risk in a straightforward, contract-driven way.
Common Units technical
"nonvoting common units of Alclear ("Common Units")"
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
FAQ
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