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

Rhea-AI Filing Summary

Clear Secure, Inc. (YOU) director Adam Wiener sold 6,000 shares of Class A common stock on 08/21/2025 at $35 per share under a previously adopted Rule 10b5-1 trading plan. Following the sale his beneficial ownership in Class A common stock is reported as 201,634 shares held directly. The filing states the sale was automatically executed under a plan adopted on 12/16/2024 and was reported on a single-person Form 4. No options, derivatives, or other transactions are reported in this Form 4 and no additional context about purpose of sale or holdings beyond the post-transaction balance is provided.

Positive

• Transaction executed under a Rule 10b5-1 trading plan, indicating pre-established automated execution
• Insider disclosed post-transaction holdings (201,634 shares), providing transparency

Negative

• Director sold 6,000 shares, which reduces insider ownership though the amount is modest
• No explanation provided for the reason for the sale beyond the 10b5-1 plan adoption date

Insights

Financial Analyst

TL;DR: Small director sale executed under a 10b5-1 plan; limited market impact but reduces insider stake slightly.

The sale of 6,000 shares at $35 reduces the director's direct holdings to 201,634 shares. As the transaction was executed pursuant to a Rule 10b5-1 plan established 12/16/2024, this suggests the trade followed a pre-set schedule rather than opportunistic timing. The size of the sale appears modest relative to the remaining stake so the transaction is unlikely to be materially dilutive or signal a change in company outlook. No derivative activity or additional material disclosures accompany the filing.

Corporate Governance Expert

TL;DR: Routine insider disposition under a 10b5-1 plan; governance risk is low given automated plan disclosure.

The Form 4 discloses a single, non-derivative disposition by a director executed under a documented 10b5-1 plan, which provides an affirmative defense to insider trading allegations. The reporting of the post-transaction beneficial ownership (201,634 shares) enhances transparency. Absent additional sales, departures, or related-party transactions, this filing constitutes a routine compliance disclosure rather than a governance red flag.

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).

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^*

Wiener Adam

(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)
08/21/2025

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	08/21/2025		S(1)		6,000	D	$35	201,634	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

Explanation of Responses:

1. This transaction was automatically effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on December 16, 2024.

Remarks:

	/s/ Lynn Haaland, Attorney-in-Fact	08/25/2025
	** 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 Clear Secure (YOU) director Adam Wiener report on Form 4?

The Form 4 reports that Adam Wiener sold 6,000 shares of Class A common stock on 08/21/2025 at $35 per share and now beneficially owns 201,634 shares.

Was the sale by the YOU director part of a 10b5-1 plan?

Yes. The filing states the transaction was automatically effected pursuant to a Rule 10b5-1 trading plan adopted on 12/16/2024.

Does the Form 4 show any derivative transactions for Clear Secure (YOU)?

No. The Form 4 lists only a non-derivative sale of Class A common stock and shows no options, warrants, or other derivative transactions.

How much did the director receive from the sale reported on the Form 4?

The filing shows a sale price of $35 per share for 6,000 shares, which implies gross proceeds of $210,000 before any taxes or fees.

Does this Form 4 indicate any change in the director's role at Clear Secure (YOU)?

No. The Form 4 identifies Adam Wiener as a Director and does not report any change in relationship, title, or ownership percentage beyond the reported sale.