Clear Secure (NYSE: YOU) CAO sells 7,950-share stake in Rule 10b5-1 sale

Rhea-AI Filing Summary

Clear Secure, Inc. Chief Accounting Officer Dennis W. Liu reported an open-market sale of 7,950 shares of Class A common stock at $48.57 per share. After the sale, he directly owned 10,960 shares. The transaction was automatically executed under a pre-established Rule 10b5-1 trading plan.

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

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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).

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^*

Liu Dennis W.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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	03/02/2026		S(1)		7,950	D	$48.57	10,960	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 November 26, 2025.

	/s/ Lynn Haaland, Attorney-in-Fact	03/04/2026
	** 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 insider transaction did Clear Secure (YOU) disclose in this Form 4?

Clear Secure reported that Chief Accounting Officer Dennis W. Liu sold 7,950 shares of Class A common stock. The shares were sold in an open-market transaction at $48.57 per share under a pre-established Rule 10b5-1 trading plan.

How many Clear Secure (YOU) shares did the CAO retain after the sale?

After the reported sale, Chief Accounting Officer Dennis W. Liu directly owned 10,960 shares of Class A common stock. This remaining ownership reflects his holdings immediately following the 7,950-share open-market transaction disclosed in the Form 4 filing.

Was the Clear Secure (YOU) insider sale part of a Rule 10b5-1 plan?

Yes, the sale was automatically effected under a Rule 10b5-1 trading plan previously adopted by Dennis W. Liu. Such plans allow insiders to pre-schedule trades, helping separate planned transactions from decisions based on nonpublic company information.

What price did the Clear Secure (YOU) insider receive per share in the sale?

Dennis W. Liu’s reported transaction priced 7,950 Class A Common shares at $48.57 each. This figure represents the per-share sale price disclosed, giving investors a clear view of the valuation level for this specific insider trade on that date.

Who is the insider involved in the latest Clear Secure (YOU) Form 4?

The insider is Dennis W. Liu, Chief Accounting Officer of Clear Secure, Inc. He is an executive officer, and the Form 4 details his direct sale of 7,950 shares and his resulting ownership of 10,960 shares of Class A common stock.