Clear Secure Inc SEC Filings

Clear Secure (YOU) Form 4: President & Director Michael Z. Barkin executed pre-planned transactions on 5-6 Aug 2025.

• Sales: 11,333 Class A shares at $32.26 and 8,667 at $33.54 (weighted averages) under a Rule 10b5-1 plan adopted 12 Sep 2024.
• Exchanges: 20,000 Alclear non-voting units and matching Class C shares converted 1:1 into Class A shares, which were immediately used to settle the above sales.
• Post-transaction holdings: 12,725 Class A shares (direct) and 143,179 Alclear units/Class C shares (convertible into Class A at any time).

The activity reduces Barkin’s direct economic stake in the publicly traded class by roughly 61%, a potential bearish signal, yet his large remaining convertible units preserve voting power and future upside.

Clear Secure, Inc. (YOU) – Form 4 filing: Chief Accounting Officer Dennis W. Liu disclosed the sale of 5,000 Class A common shares on 08/05/2025 pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on 11/22/2024.

Two open-market transactions were executed: 1,000 shares at $32 and 4,000 shares at $34. Following these trades Liu’s direct holdings declined from 18,923 to 13,923 shares, a reduction of roughly 26%. No derivative security activity was reported.

The gross proceeds, based solely on the disclosed prices, approximate $168,000. The filing contains no additional financial metrics or company guidance.

Form 144 summary for Clear Secure, Inc. (YOU): Notice of proposed sale of 40,000 Class A Common shares through J.P. Morgan Securities LLC (390 Madison Avenue, New York). The aggregate market value is $1,280,000 as stated in the filing; shares outstanding are listed as 92,266,338. Approximate sale date: 08/05/2025.

Acquisition details: shares were acquired on 09/01/2019 as a Pre IPO investment from the issuer and paid in cash. The filing reports no securities sold in the past 3 months and includes the standard signer representation regarding undisclosed material adverse information.

Clear Secure, Inc. (NYSE: YOU) filed a Form 144 disclosing a proposed insider sale of up to 5,000 Class A shares. The stock, acquired via restricted-stock vesting on 13 Sep 2023, would be sold through Fidelity Brokerage Services for an estimated $168,000. With 95,330,547 shares outstanding, the sale represents <0.01 % of the float. No other sales by this holder occurred in the past three months. The planned sale date is 05 Aug 2025 on the NYSE.

Form 144 is a notice, not a definitive transaction; it signals intent but may not result in an actual sale. Given the small size and absence of additional insider activity, the filing appears routine and is unlikely to materially affect the company’s share price.

Clear Secure, Inc. (NYSE: YOU) – Q2 FY-25 (period ended 6/30/25)

• Top-line growth: Q2 revenue rose 17.5 % YoY to $219.5 m; 1H revenue up 17.8 % to $430.8 m, driven primarily by CLEAR+ subscription momentum.
• Profitability: Operating income climbed 40 % YoY to $42.6 m as operating margin expanded 290 bp to 19.4 %. Net income attributable to Clear edged up 2.5 % to $24.7 m (EPS basic/diluted $0.26).
• Cash generation: 1H operating cash flow increased 13.6 % to $221.3 m; capex of $12.1 m produced positive FCF of ~$209 m.
• Balance sheet: Cash & marketable securities totaled $605.7 m (-0.6 % YTD). No debt outstanding; $66.4 m of revolver capacity remains. Total liabilities rose 10 % to $1.05 bn, driven by a $113.8 m jump in accrued liabilities (credit-card partnership benefits and TRA).
• Capital returns: 5.3 m Class A shares repurchased for $126.3 m (avg. $23.86); $48.8 m paid in regular & special dividends. Remaining buyback authorization: $126.5 m.
• Share base: Class A shares outstanding fell 3.1 % YTD to 93.8 m; non-controlling interest ownership diluted to 29.0 %.
• Other items: $4.7 m impairment recorded on a private strategic investment; effective tax rate rose to 14.5 % (vs. 1.0 %). Subsequent-event quarterly dividend of $0.125 declared (payable 9/17/25).

Total liquidity remains strong, margins are widening, and management continues aggressive capital returns, though rising liabilities and higher tax expense warrant monitoring.

Clear Secure, Inc. (YOU) – Form 4 filing dated 08/04/2025

General Counsel & Chief Privacy Officer Lynn Haaland reported the 08/01/2025 vesting of 39,452 restricted stock units (RSUs). The RSUs converted into an equal number of Class A shares at a stated price of $0 (code M). To satisfy tax-withholding requirements, 19,695 shares were automatically withheld and disposed of at $28.84 per share (code F). After these transactions, Haaland directly owns 50,760 Class A shares and retains 78,905 RSUs that will vest in two equal tranches on 08/01/2026 and 08/01/2027, subject to continued service.

The filing represents routine equity compensation activity with no open-market buying or selling. No changes to derivative terms, no additional purchases, and no indication of material corporate events were disclosed.

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.