[Form 4] Clear Secure, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Kathryn A. Hollister, a director of Clear Secure, Inc. (YOU), acquired 530 shares of Class A Common Stock on 09/30/2025 due to the vesting of restricted stock units (RSUs). The shares were issued at a $0 price as the RSUs were received in lieu of cash retainer payments for board service and vest quarterly subject to continued service. Following the transaction, the reporting person directly beneficially owned 36,972 shares of Class A common stock and held 1,590 RSUs reflected as vested shares underlying derivative reporting. The Form 4 was filed as a single-person report and signed by an attorney-in-fact on 10/01/2025.

Positive

• Director compensation converted to equity aligns the reporting person's interests with shareholders
• Shares were issued in lieu of cash, preserving company cash flow

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director compensation converted to equity; standard governance practice, limited investor impact.

The filing documents a routine vesting of RSUs granted in lieu of cash for board retainer services. Issuing equity for director compensation aligns board incentives with shareholders without reflecting a cash outflow for the company. The transaction size—530 shares—appears modest relative to total outstanding shares (not provided here), indicating this is a typical compensation event rather than a signal of material change in governance or control.

Securities Analyst

TL;DR: Insider received 530 shares from RSU vesting at $0; disclosure is standard and unlikely to affect valuation.

The Form 4 reports acquisition of 530 Class A shares from vested RSUs at no cash price to the reporting person. The filing lists post-transaction direct ownership of 36,972 shares and 1,590 shares underlying RSUs. Without additional context on total share count or materiality thresholds, this transaction appears routine and administrative in nature.

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).

1. Name and Address of Reporting Person^*

Hollister Kathryn A

(Last) (First) (Middle)

85 10TH AVE., 9TH FLOOR

(Street)

NEW YORK NY 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		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/30/2025		M		530	A	$0(1)	36,972	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	09/30/2025		M			530	(1)	(1)	Class A Common Stock	530	$0	1,590	D

Explanation of Responses:

1. This transaction reflects the issuance of shares following the vesting of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive a share of Class A Common Stock, generally subject to the reporting person's continued service. These RSUs were received in lieu of cash retainer payments for service on the Issuer's board of directors and so vest on a quarterly basis.

Remarks:

	/s/ Lynn Haaland, Attorney-in-Fact	10/01/2025
	** 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.

FAQ

What did Kathryn A. Hollister report on the Form 4 for YOU?

The Form 4 reports the acquisition of 530 Class A shares on 09/30/2025 resulting from the vesting of RSUs.

Why were the 530 shares issued at a $0 price?

The shares were issued upon vesting of RSUs that were granted in lieu of cash retainer payments for board service, so no cash purchase price is reported.

How many shares does the reporting person own after the transaction?

The filing shows the reporting person directly beneficially owned 36,972 shares of Class A common stock after the transaction.

What are the details of the RSUs disclosed?

The RSUs vested quarterly and the filing shows 1,590 shares reflected as underlying restricted stock units following the reported transaction.

When was the Form 4 filed and signed?

The transaction date is 09/30/2025 and the Form 4 was signed by an attorney-in-fact on 10/01/2025.