Clear Secure (YOU) CEO-linked entity sells 174,324 Class A shares in plan trades

Rhea-AI Filing Summary

Clear Secure, Inc. reported insider transactions linked to Chief Executive Officer Caryn Seidman-Becker through Alclear Investments, LLC, which she solely controls and over whose shares she has voting and dispositive power. On March 4, 2026, Alclear Investments, LLC sold a total of 174,324 shares of Class A common stock in open-market transactions under a previously adopted Rule 10b5-1 trading plan, at weighted average prices of $48.41 and $49.24 per share within stated price ranges. To facilitate these sales, corresponding non-voting common units of Alclear Holdings, LLC and an equal number of Class D common stock were exchanged into Class B common stock, then converted one-for-one into Class A shares that were used to settle the sale, leaving no Class A shares held after the transactions. Following related exchanges and issuer dispositions on March 5, 2026, Alclear Investments, LLC continued to hold 18,630,246 non-voting common units, 18,630,246 shares of Class D common stock and 351,787 shares of Class B common stock, each with distinct voting and economic rights.

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
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

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 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	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/04/2026		S(1)		152,513	D	$48.41(2)	21,811(3)	I	See footnote(4)
Class A Common Stock	03/04/2026		S(1)		21,811	D	$49.24(5)	0(3)	I	See footnote(4)
Class D Common Stock(6)(7)	03/05/2026		D(7)		174,324	D	(7)	18,630,246	I	See footnote(4)
Class B Common Stock(7)(8)	03/05/2026		A(7)		174,324	A	(7)	526,111	I	See footnote(4)
Class B Common Stock(7)(8)	03/05/2026		D(7)		174,324	D	(7)	351,787	I	See footnote(4)
Class A Common Stock(3)	03/05/2026		A(3)		174,324	A	(3)	174,324	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-voting common units of Alclear Holdings, LLC(7)	(7)	03/05/2026		D			174,324	(7)	(7)	Class B Common Stock and Class A Common Stock	174,324	(7)	18,630,246	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 $48.99. 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 footnote 5.

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 $49.75, inclusive.

6. 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.

7. 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.

8. 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	03/06/2026
	** Signature of Reporting Person	Date
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FAQ

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

Clear Secure disclosed that Alclear Investments, LLC, controlled by CEO Caryn Seidman-Becker, sold 174,324 shares of Class A common stock on March 4, 2026 in open-market trades, following pre-arranged exchanges among non-voting units, Class D, and Class B shares.

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

The sales were executed by Alclear Investments, LLC, which is controlled by Caryn Seidman-Becker as its sole manager. She has voting and dispositive control over the shares held by Alclear Investments, LLC, so the transactions are attributed to that entity associated with her.

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

Alclear Investments, LLC sold 174,324 shares of Clear Secure Class A common stock. The weighted average sale prices were $48.41 and $49.24 per share, with underlying trades occurring in price ranges from $48.00 to $48.99 and from $49.00 to $49.75, respectively.

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

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

What Clear Secure (YOU) equity interests did the insider-related entity hold after these transactions?

After the reported exchanges and dispositions, Alclear Investments, LLC held 18,630,246 non-voting common units of Alclear Holdings, LLC, 18,630,246 shares of Class D common stock with voting but no economic rights, and 351,787 shares of Class B common stock with both 20 votes per share and economic rights.

Why were Clear Secure (YOU) Class B and Class D shares involved in the March 2026 transactions?

Under an Exchange Agreement, non-voting common units and matching Class D shares can be exchanged one-for-one for Class B shares. In these transactions, such exchanges occurred, and resulting Class B shares were then converted one-for-one into Class A shares used to settle the open-market sales.