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

Rhea-AI Filing Summary

Clear Secure director Peter Scher reported the issuance of 5,636 Class A shares following the vesting of restricted stock units (RSUs) that vested on 08/01/2025. The Form 4 shows those shares were issued at $0 as part of compensation and recorded as an acquisition. The filing also reports beneficial ownership figures tied to RSUs: 5,636 shares held directly after the transaction and 11,272 RSU-based derivative interests shown as beneficially owned following the reported transactions.

The RSU award vests in three equal installments: one-third vested on 08/01/2025, one-third will vest on 08/01/2026 and one-third will vest on 08/01/2027. The Form indicates the reporting person is a Director and the report was signed by an attorney-in-fact.

Positive

• Director alignment: RSU vesting converts compensation into equity, aligning the director's interests with shareholders
• Clear disclosure: Form 4 reports the number of shares issued, direct ownership and the RSU vesting schedule

Negative

• None.

Insights

Securities Analyst

TL;DR: Director Peter Scher received 5,636 Class A shares from RSU vesting on 08/01/2025; disclosure appears routine and prescheduled.

The transaction reflects a scheduled vesting of previously granted RSUs that converted into 5,636 Class A shares at no purchase price to the reporting person. The filing quantifies direct ownership of 5,636 shares and a total of 11,272 derivative RSU interests after the transaction. This is a standard insider compensation event and the Form 4 provides the vesting timeline for the remaining installments.

Corporate Governance Expert

TL;DR: The Form 4 documents routine incentive alignment via RSU vesting and timely disclosure by a Company director.

The entry documents one-third vesting of a multi-year RSU grant with remaining tranches slated for 08/01/2026 and 08/01/2027. The disclosure identifies the reporting person as a director and records both direct share ownership and RSU-based derivative interests, supporting governance transparency regarding insider holdings and compensation structure.

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).

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^*

Scher Peter

(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)
08/01/2025

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	08/01/2025		A		5,636	A	$0(1)	5,636	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)	08/01/2025		M			5,636	(1)	(1)	Class A Common Stock	5,636	$0	11,272	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 of the Issuer, generally subject to the reporting person's continued service. One-third of the RSUs vested on August 1, 2025, one-third of the RSUs will vest on August 1, 2026 and one-third of the RSUs will vest on August 1, 2027.

Remarks:

	/s/ Emma Barnett Bauman, Attorney-in-Fact	08/04/2025
	** 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 Peter Scher report on the Form 4 for Clear Secure (YOU)?

The report shows issuance of 5,636 Class A shares following RSU vesting on 08/01/2025, with direct ownership of 5,636 shares and 11,272 RSU-based interests reported after the transaction.

How were the shares acquired according to the Form 4 for YOU?

The shares were issued upon the vesting of restricted stock units (RSUs), recorded as an acquisition at $0 per the filing.

What is the RSU vesting schedule disclosed in the Form 4?

The RSUs vest in three equal installments: one-third vested on 08/01/2025, one-third on 08/01/2026, and one-third on 08/01/2027.

What role does the reporting person hold at Clear Secure (YOU)?

The Form 4 indicates the reporting person, Peter Scher, is a Director of the issuer.

Was the Form 4 signed by the reporting person?

The Form 4 was executed by an attorney-in-fact (Emma Barnett Bauman) on behalf of the reporting person, as shown in the filing.