Alclear Investments sells 212,538 Clear Secure (NYSE: YOU) shares in plan trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Alclear Investments, LLC, a major holder of Clear Secure, Inc., reported a series of pre-planned transactions involving multiple share classes. Under a Rule 10b5-1 trading plan, it sold a total of 212,538 shares of Class A Common Stock at weighted average prices around $53 per share over two days.
To facilitate these sales, Alclear converted an equal number of Class B Common Stock into Class A on a one-for-one basis and used the resulting Class A shares to settle the trades. Related exchanges also moved Common Units and corresponding Class D Common Stock, which carries 20 votes per share but no economic rights, into Class B Common Stock. After these steps, Alclear holds 348,363 shares of Class B Common Stock, 18,414,555 shares of Class D Common Stock, and an equal number of non-voting common units of Alclear Holdings, LLC, while no Class A shares remain directly held.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 212,538 shares ($11,307,870)
Net Sell
12 txns
Insider
Alclear Investments, LLC
Role
null
Sold
212,538 shs ($11.31M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Non-voting common units of Alclear Holdings, LLC | 196,576 | $0.00 | -- |
| Disposition | Class D Common Stock | 196,576 | $0.00 | -- |
| Grant/Award | Class B Common Stock | 196,576 | $0.00 | -- |
| Disposition | Class B Common Stock | 196,576 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 196,576 | $0.00 | -- |
| Disposition | Non-voting common units of Alclear Holdings, LLC | 15,962 | $0.00 | -- |
| Disposition | Class D Common Stock | 15,962 | $0.00 | -- |
| Grant/Award | Class B Common Stock | 15,962 | $0.00 | -- |
| Disposition | Class B Common Stock | 15,962 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 15,962 | $0.00 | -- |
| Sale | Class A Common Stock | 196,576 | $53.21 | $10.46M |
| Sale | Class A Common Stock | 15,962 | $53.13 | $848K |
Holdings After Transaction:
Non-voting common units of Alclear Holdings, LLC — 18,414,555 shares (Direct, null);
Class D Common Stock — 18,414,555 shares (Direct, null);
Class B Common Stock — 348,363 shares (Direct, null);
Class A Common Stock — 0 shares (Direct, null)
Footnotes (1)
- These transactions were automatically effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on March 12, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $53.00 to $53.44, 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 in footnote 7. 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. 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. 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. Shares of Class B Common Stock have 20 votes per share and economic rights (including rights to dividends and distributions upon liquidation). The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $53.00 to $53.76, inclusive.
Key Figures
Class A shares sold: 212,538 shares
Sale price (June 24): $53.21 per share
Sale price (June 23): $53.13 per share
+5 more
8 metrics
Class A shares sold
212,538 shares
Open-market sales of Class A Common Stock
Sale price (June 24)
$53.21 per share
Weighted average for 196,576 Class A shares sold
Sale price (June 23)
$53.13 per share
Weighted average for 15,962 Class A shares sold
Class B shares held
348,363 shares
Class B Common Stock following June 25 transactions
Class D shares held
18,414,555 shares
Class D Common Stock following June 25 transactions
Non-voting units held
18,414,555 units
Non-voting common units of Alclear Holdings, LLC after June 25
10b5-1 plan adoption date
March 12, 2026
Date Alclear adopted Rule 10b5-1 trading plan
Voting power per Class D share
20 votes per share
Class D shares’ voting rights without economic rights
Key Terms
Rule 10b5-1 trading plan, weighted average price, Class B Common Stock, Class D Common Stock, +2 more
6 terms
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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Class B Common Stock financial
"each share of Class B common stock of the Issuer was converted..."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class D Common Stock financial
"Shares of Class D Common Stock have 20 votes per share but no economic rights..."
Non-voting common units of Alclear Holdings, LLC financial
"Non-voting common units of Alclear Holdings, LLC were exchanged for Class B Common Stock..."
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.
FAQ
What insider transactions did Alclear Investments report for Clear Secure (YOU)?
Alclear Investments, LLC reported pre-planned transactions involving several share classes, including open-market sales of Class A Common Stock and related conversions and exchanges among Class A, Class B, Class D, and non-voting common units, as part of its complex ownership structure.
What does the Rule 10b5-1 trading plan mean in Alclear’s Clear Secure transactions?
The filing states these trades were automatically effected under a Rule 10b5-1 trading plan adopted on March 12, 2026. Such plans pre-schedule trades, helping insiders systematically sell shares over time without making ad hoc market-timing decisions later.
How did Alclear’s Class B and Class D Clear Secure holdings change?
Alclear converted Class B Common Stock into Class A on a one-for-one basis to settle sales, then exchanged Common Units and matching Class D shares into Class B. After the reported transactions, it holds 348,363 Class B shares and 18,414,555 Class D shares of Clear Secure.