William H. Miller III Trust Reports 6.3% Stake in Clear Secure (YOU)

William H. Miller III Living Trust reported beneficial ownership of 6,050,000 shares of Clear Secure, Inc. Class A common stock, representing 6.3% of the outstanding Class A shares based on 95,330,547 shares outstanding as referenced.

Rhea-AI Filing Summary

William H. Miller III Living Trust reported beneficial ownership of 6,050,000 shares of Clear Secure, Inc. Class A common stock, representing 6.3% of the outstanding Class A shares based on 95,330,547 shares outstanding as referenced. The filing states the shares are held with sole voting and dispositive power by the trust and were not acquired to change or influence control of the issuer. The Schedule 13G/A lists the trust's address in Towson, Maryland, and is signed by William H. Miller III as Trustee on September 23, 2025.

Insights

Financial Analyst

TL;DR: A single trust holds a meaningful 6.3% stake with sole voting and dispositive power, disclosed via Schedule 13G/A.

The filing documents a concentrated ownership position of 6,050,000 Class A shares, which exceeds the 5% reporting threshold and therefore requires public disclosure. The trust reports sole voting and dispositive authority, indicating centralized control over the position's voting and disposition decisions. The filer certifies the shares were not acquired to influence control.

Corporate Governance Expert

TL;DR: Ownership disclosure improves governance transparency but does not signal an intent to seek control.

The Schedule 13G/A classification and the certification that the holdings were not acquired to influence control are consistent with passive investor disclosure. Sole voting power over a 6.3% block can nonetheless make the trust a potentially influential shareholder on specific proposals, depending on shareholder turnout and dispersion, but the filing contains no indication of activism.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake in Clear Secure (YOU) does the William H. Miller III Living Trust report?

The trust reports beneficial ownership of 6,050,000 Class A shares, or 6.3% of outstanding Class A stock.

Does the filing indicate the trust can vote or sell the shares of YOU?

Yes. The trust reports sole voting power and sole dispositive power over all 6,050,000 shares.

Was the position reported as intended to influence control of Clear Secure (YOU)?

No. The filer certifies the securities were not acquired and are not held to change or influence control of the issuer.

When was the Schedule 13G/A signed and who signed it?

The filing is signed by William H. Miller III, Trustee, and dated September 23, 2025.

What address is listed for the reporting trust filing on YOU?

The address provided is 1104 Kenilworth Drive, Suite 301, Towson, MD 21204.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/23/2025 - 04:08 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Clear Secure, Inc.

(Name of Issuer)

Class A Common Stock, par value $0.00001 per share

(Title of Class of Securities)

18467V109

(CUSIP Number)

04/16/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 18467V109

1

Names of Reporting Persons

William H. Miller III Living Trust dated April 17, 2017

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

FLORIDA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 6,050,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 6,050,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,050,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.3 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Note for Line 11 - Based on 95,330,547 shares of Class A Common Stock outstanding as of July 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, as filed with the Securities and Exchange Commission.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Clear Secure, Inc.
(b)	Address of issuer's principal executive offices: 85 10th Ave., 9th Floor, New York, NY 10011
Item 2.
(a)	Name of person filing: William H. Miller III Living Trust dated April 17, 2017
(b)	Address or principal business office or, if none, residence: 1104 Kenilworth Drive, Suite 301 Towson, MD 21204
(c)	Citizenship: Florida
(d)	Title of class of securities: Class A Common Stock, par value $0.00001 per share
(e)	CUSIP No.: 18467V109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 6,050,000 shares of Class A Common Stock
(b)	Percent of class: 6.3%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 6,050,000 shares
	(ii) Shared power to vote or to direct the vote: 0 shares
	(iii) Sole power to dispose or to direct the disposition of: 6,050,000 shares
	(iv) Shared power to dispose or to direct the disposition of: 0 shares
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

William H. Miller III Living Trust dated April 17, 2017

Signature:	/s/ William H. Miller III
Name/Title:	William H. Miller III, Trustee
Date:	09/23/2025