Clear Secure CEO sells 120,640 shares via plan
Caryn Seidman Becker, Clear Secure’s CEO and 10% owner, reported transactions involving 120,640 Class A shares.
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Rhea-AI Filing Summary
Caryn Seidman Becker, Clear Secure’s CEO and 10% owner, reported transactions involving 120,640 Class A shares. An entity she controls sold these shares at a weighted average of $53.40 (range $53.00–$53.85) under a Rule 10b5-1 plan, funded by exchanging an equal number of Alclear non-voting units and Class C shares into Class A stock. She now holds 630,890 Class A shares directly, 31,147 Class A shares indirectly, and 18,158,849 Class C shares and non-voting units.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-voting common units of Alclear Holdings, LLC F3, F4 | 120,640 | -- | -- |
| Disposition | Class C Common Stock F3, F5, F4 | 120,640 | -- | -- |
| Grant/Award | Class A Common Stock F3, F4 | 120,640 | -- | -- |
| Sale | Class A Common Stock F1, F2, F3, F4 | 120,640 | $53.40 | $6.44M |
| Holding | Class A Common Stock | -- | -- | -- |
Footnotes (5)
- 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 $53.00 to $53.85, 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 herein.
- 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.
- 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. 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
Key Terms
Rule 10b5-1 trading plan financial
weighted average price financial
Exchange Agreement financial
nonvoting common units financial
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