Clear Secure holder exchanges units, sells shares
Accepted by SEC EDGAR
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Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Alclear Investments, LLC, a director and 10% owner of Clear Secure, Inc., exchanged 100,757 nonvoting common units of Alclear and corresponding shares of Class C common stock into 100,757 shares of Class A Common Stock, then sold 100,757 Class A shares in open‑market trades at weighted‑average prices from $53.00 to $55.19 pursuant to a Rule 10b5‑1 trading plan. After these transactions it holds 151,787 Class A shares and 18,279,489 nonvoting units paired with Class C stock, which carries voting rights but no economic rights.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
6 txns
Insider
Alclear Investments, LLC
Role
Director, 10% Owner
Sold
100,757 shs ($5.38M)
Approx. gross sale proceeds
$5.38M
Share of Position Sold
66.4%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-voting common units of Alclear Holdings, LLC F3 | 100,757 | -- | -- |
| Disposition | Class C Common Stock F3, F6 | 100,757 | -- | -- |
| Grant/Award | Class A Common Stock F3 | 100,757 | -- | -- |
| Sale | Class A Common Stock F1, F2, F3 | 89,592 | $53.31 | $4.78M |
| Sale | Class A Common Stock F1, F4, F3 | 10,425 | $54.28 | $566K |
| Sale | Class A Common Stock F1, F5, F3 | 740 | $55.19 | $41K |
Holdings After Transaction:
Non-voting common units of Alclear Holdings, LLC — 18,279,489 contracts (Direct);
Class C Common Stock — 18,279,489 shares (Direct);
Class A Common Stock — 151,787 shares (Direct)
Holdings Before and After:
Non-voting common units of Alclear Holdings, LLC, 18,380,246 to 18,279,489 contracts (Direct);
Class C Common Stock, 18,380,246 to 18,279,489 shares (Direct);
Class A Common Stock, 151,787 to 151,787 shares (Direct)
Other Insiders: 1 other insider reported open-market sales of this stock in the 30 days up to this filing.
Footnotes (6)
- F1. These transactions were automatically effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on March 12, 2026.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $53.00 to $53.98, 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 footnotes 4 and 5.
- 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.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $54.01 to $54.94, inclusive.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $55.05 to $55.19, inclusive.
- F6. 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.
Key Figures
Class A shares sold: 100,757 shares
Nonvoting units exchanged: 100,757 units
Sale price range: $53.00–$55.19 per share
+2 more
5 metrics
Class A shares sold
100,757 shares
Open-market sales of Class A Common Stock on 2026-07-13
Nonvoting units exchanged
100,757 units
Nonvoting common units of Alclear exchanged into Class A Common Stock
Sale price range
$53.00–$55.19 per share
Weighted-average sale prices across three transaction lots
Class A shares held after
151,787 shares
Direct Class A Common Stock held by Alclear Investments after reported transactions
Units/Class C shares held
18,279,489 units/shares
Nonvoting common units and corresponding Class C Common Stock held after exchange
Key Terms
Rule 10b5-1 trading plan, Exchange Agreement, nonvoting common units, weighted average price, +1 more
5 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.
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"
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 C Common Stock financial
"Shares of Class C Common Stock have one vote per share but no economic rights"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transactions did Alclear Investments report for Clear Secure (YOU)?
Alclear Investments reported exchanging 100,757 nonvoting common units and corresponding Class C shares into 100,757 Class A shares, and selling 100,757 Class A shares in open‑market trades, leaving it with 151,787 Class A shares and 18,279,489 units/Class C shares.
How many Clear Secure (YOU) securities does Alclear Investments hold after these trades?
After the transactions, Alclear Investments holds 151,787 shares of Class A Common Stock and 18,279,489 nonvoting common units of Alclear paired with an equal number of shares of Class C Common Stock.
What is the role of Clear Secure (YOU) Class C Common Stock in this structure?
Each Class C share has one vote per share but no economic rights and is issued in an equal amount to the nonvoting common units. Together, the unit plus corresponding Class C share can be exchanged one‑for‑one into Class A Common Stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
