Schedule 13G/A: Trust Discloses 6,050,000 YOU Shares (6.3%)
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.
Positive
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Negative
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Insights
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.
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.