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

Clear Secure (NYSE: YOU) 10% owner Alclear sells 323,904 Class A shares

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Alclear Investments, LLC, a 10% owner of Clear Secure, Inc., reported stock sales and related exchanges. On August 5, 2026 it sold an aggregate of 323,904 shares of Class A Common Stock in multiple open-market trades under a Rule 10b5-1 trading plan adopted on March 12, 2026. On August 6, 2026 it exchanged 323,904 non-voting common units of Alclear Holdings, LLC and the same number of Class C Common Stock for 323,904 Class A shares on a one-for-one basis under an Exchange Agreement and used those Class A shares to settle the earlier sales. After the exchange, it reported holding 17,806,342 non-voting common units and corresponding Class C shares.

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Insider Alclear Investments, LLC
Role Director, 10% Owner
Sold 323,904 shs ($19.83M)
Approx. gross sale proceeds $19.83M
Type Security Shares Price Value
Exercise Non-voting common units of Alclear Holdings, LLC F3 323,904 -- --
Disposition Class C Common Stock F3, F11 323,904 -- --
Grant/Award Class A Common Stock F3 323,904 -- --
Sale Class A Common Stock F1, F2, F3 217,272 $60.52 $13.15M
Sale Class A Common Stock F1, F4, F3 71,487 $61.11 $4.37M
Sale Class A Common Stock F1, F5, F3 1,200 $62.05 $74K
Sale Class A Common Stock F1, F6, F3 2,430 $63.39 $154K
Sale Class A Common Stock F1, F7, F3 9,803 $64.48 $632K
Sale Class A Common Stock F1, F8, F3 3,096 $65.35 $202K
Sale Class A Common Stock F1, F9, F3 12,110 $66.61 $807K
Sale Class A Common Stock F1, F10, F3 6,006 $67.67 $406K
Sale Class A Common Stock F1, F3 500 $68.45 $34K
Holdings After Transaction: Non-voting common units of Alclear Holdings, LLC — 17,806,342 shares (Direct); Class C Common Stock — 17,806,342 shares (Direct); Class A Common Stock — 151,787 shares (Direct)
Footnotes (11)
  1. F1. These transactions were automatically effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on March 12, 2026.
  2. 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 footnotes 4, 5, 6, 7, 8, 9 and 10.
  3. 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.
  4. F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $61.00 to $61.93, inclusive.
  5. F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $62.00 to $62.23, inclusive.
  6. F6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $63.00 to $63.91, inclusive.
  7. F7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $64.00 to $64.92, inclusive.
  8. F8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $65.02 to $65.63, inclusive.
  9. F9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $66.07 to $67.06 inclusive.
  10. F10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $67.16 to $68.12, inclusive.
  11. F11. 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.
Class A shares sold 323,904 shares Aggregate Class A Common Stock sold on August 5, 2026
Non-voting units exchanged 323,904 units Non-voting common units of Alclear Holdings, LLC exchanged on August 6, 2026
Class C shares exchanged 323,904 shares Class C Common Stock exchanged one-for-one into Class A on August 6, 2026
Class A shares received 323,904 shares Class A Common Stock received in exchange under the Exchange Agreement
Post-exchange non-voting units 17,806,342 units Non-voting common units (and corresponding Class C shares) held after August 6, 2026
Sale price example $60.5200 per share Weighted-average price for 217,272 Class A shares sold on August 5, 2026
Higher sale price example $68.4500 per share Price for 500 Class A shares sold on August 5, 2026
10b5-1 plan adoption date March 12, 2026 Adoption date of Alclear’s Rule 10b5-1 trading plan governing these sales
Rule 10b5-1 trading plan regulatory
"These transactions were 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.
Exchange Agreement regulatory
"Pursuant to the terms of the Exchange Agreement, dated June 29, 2021"
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.
nonvoting common units financial
"nonvoting common units of Alclear ("Common Units"), together with a corresponding number of shares"
Class C Common Stock financial
"shares of Class C common stock of the Issuer ("Class C Common Stock"), were exchanged"
A class C common stock is a type of company share that usually represents ownership but often carries limited or no voting power compared with other share classes. For investors, that matters because it can affect influence over company decisions and sometimes the stock’s price or dividend priority — think of it as owning a ticket to the same event but in a section with less say in how the event is run.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

How many Clear Secure (YOU) shares did Alclear Investments sell in this Form 4?
Alclear Investments, LLC sold an aggregate of 323,904 shares of Clear Secure Class A Common Stock. The sales occurred on August 5, 2026 in multiple open-market transactions, each reported with its own share amount and weighted-average sale price.

On what dates did the Clear Secure (YOU) insider transactions reported by Alclear occur?
The reported transactions occurred on August 5, 2026 and August 6, 2026. August 5 covered multiple open-market sales of Class A shares; August 6 covered the exchange of non-voting units and Class C shares into an equal number of Class A shares.

Were the Clear Secure (YOU) share sales by Alclear under a Rule 10b5-1 trading plan?
Yes. The filing states the sales were automatically effected under a Rule 10b5-1 trading plan adopted by Alclear Investments on March 12, 2026. The Form 4 also checks the Rule 10b5-1 plan box, indicating pre-arranged trading activity.

What exchange transaction involving Clear Secure (YOU) did Alclear report?
Alclear reported exchanging 323,904 non-voting common units of Alclear Holdings and 323,904 Class C shares for 323,904 Class A shares. This one-for-one exchange was made under an existing Exchange Agreement, and the resulting Class A shares were used to settle earlier sales.

How many non-voting units and Class C shares does Alclear still hold in Clear Secure (YOU)?
After the August 6, 2026 exchange and related disposition, Alclear reported holding 17,806,342 non-voting common units of Alclear Holdings, LLC and a corresponding number of Class C Common Stock, reflecting its remaining indirect equity position linked to Clear Secure.

At what prices were the Clear Secure (YOU) shares sold by Alclear Investments?
Reported weighted-average sale prices included $60.5200 per share for 217,272 shares and $61.1100 for 71,487 shares, with additional blocks sold at higher weighted-average prices, including a final lot of 500 shares sold at $68.4500 per share.
SEC Form 4
FORM 4UNITED 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).
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*
Alclear Investments, LLC
(Last)(First)(Middle)
85 10TH AVE., 9TH FLOOR
(Street)
NEW YORK 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)
XDirectorX10% Owner
Officer (give title below)XOther (specify below)
See Remarks
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/05/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock08/05/2026S(1)217,272D$60.52(2)0(3)D
Class A Common Stock08/05/2026S(1)71,487D$61.11(4)0(3)D
Class A Common Stock08/05/2026S(1)1,200D$62.05(5)0(3)D
Class A Common Stock08/05/2026S(1)2,430D$63.39(6)0(3)D
Class A Common Stock08/05/2026S(1)9,803D$64.48(7)0(3)D
Class A Common Stock08/05/2026S(1)3,096D$65.35(8)0(3)D
Class A Common Stock08/05/2026S(1)12,110D$66.61(9)0(3)D
Class A Common Stock08/05/2026S(1)6,006D$67.67(10)0(3)D
Class A Common Stock08/05/2026S(1)500D$68.450(3)D
Class C Common Stock(3)(11)08/06/2026D(3)323,904D(3)17,806,342D
Class A Common Stock(3)08/06/2026A(3)323,904A(3)151,787(3)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Non-voting common units of Alclear Holdings, LLC(3)(3)08/06/2026M(3)323,904 (3) (3)Class A Common Stock323,904(3)17,806,342D
Explanation of Responses:
1. These transactions were automatically effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on March 12, 2026.
2. 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 footnotes 4, 5, 6, 7, 8, 9 and 10.
3. 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.
4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $61.00 to $61.93, inclusive.
5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $62.00 to $62.23, inclusive.
6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $63.00 to $63.91, inclusive.
7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $64.00 to $64.92, inclusive.
8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $65.02 to $65.63, inclusive.
9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $66.07 to $67.06 inclusive.
10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $67.16 to $68.12, inclusive.
11. 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.
Remarks:
By virtue of its relationship with Ms. Caryn Seidman Becker, the sole manager of Alclear Investments, LLC, and equityholder of Alclear Investments, LLC, the reporting person may be deemed a director by deputization.
/s/ Emma Barnett Bauman, Attorney-in-Fact08/07/2026
** Signature of Reporting PersonDate
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