Durable Capital files Schedule 13G disclosing 7.49M YOU shares (8.1%)

Rhea-AI Filing Summary

Durable Capital Partners LP reported beneficial ownership of 7,490,351 shares of Clear Secure, Inc. Class A common stock, representing 8.1% of the outstanding Class A shares. Durable Capital Master Fund LP directly holds the shares, and Durable Capital Partners LP, as investment adviser, states it has sole voting and dispositive power over those shares. The filing cites 92,266,338 outstanding Class A shares as the base for the percentage. The filer affirms the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

Positive

• Material disclosed stake: Reporting person holds 7,490,351 shares (8.1% of Class A), exceeding the 5% disclosure threshold
• Sole voting and dispositive power: Durable Capital reports sole authority to vote and dispose of the shares, clarifying control rights

Negative

• None.

Insights

Financial Analyst

Durable Capital discloses an 8.1% stake in Clear Secure, a material minority holding with sole voting control.

The filing shows a concentrated position of 7.49 million Class A shares, equal to 8.1% of the 92.27 million reported outstanding Class A shares. That level exceeds the 5% disclosure threshold and signals a notable shareholder with sole voting and dispositive authority via its advisory relationship to Durable Capital Master Fund LP. The certification that the position is held in the ordinary course reduces, but does not eliminate, market attention about potential engagement. No changes to control are claimed in the filing; this is a standard beneficial ownership disclosure that investors should factor into ownership tables.

Corporate Governance Expert

An 8.1% holder with sole voting power is materially significant for corporate governance and shareholder dynamics.

Durable Capital Partners LP’s sole voting and dispositive power over 7.49 million shares makes it a prominent minority investor. The filing identifies the internal structure: Durable Capital Master Fund LP holds the shares, Durable Capital Partners LP is adviser, Durable Capital Master Fund LP’s general partner is Durable Capital Partners GP LLC, and Henry Ellenbogen is named as CIO/managing member—clarifying control lines. The filer explicitly states holdings are not intended to change control, which is typical in Schedule 13G amendments, but governance teams will note the holder’s ability to influence votes if they choose to engage.

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, $0.00001 par value per share

(Title of Class of Securities)

18467V109

(CUSIP Number)

06/30/2025

(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

Durable Capital Partners LP

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 7,490,351.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 7,490,351.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,490,351.00

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)

8.1 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Clear Secure, Inc.
(b)	Address of issuer's principal executive offices: 85 10th Avenue, 9th Floor, New York, NY 10011
Item 2.
(a)	Name of person filing: Durable Capital Partners LP
(b)	Address or principal business office or, if none, residence: 4747 Bethesda Avenue, Suite 1002, Bethesda, Maryland 20814
(c)	Citizenship: The Reporting Person is a limited partnership organized under the laws of the State of Delaware.
(d)	Title of class of securities: Class A Common Stock, $0.00001 par value 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: The information required by this item with respect to the Reporting Person is set forth in Rows 5 through 9 and 11 of the cover page to this Schedule 13G. The ownership percentages reported are based on 92,266,338 outstanding Class A Common Stock, $0.00001 par value per share (the "Shares") as of May 5, 2025, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on May 8, 2025. Durable Capital Master Fund LP directly holds 7,490,351 Shares. The Reporting Person, as the investment adviser to Durable Capital Master Fund LP, has sole power to direct the vote and disposition of the Shares. Durable Capital Partners GP LLC ("Durable GP") is the general partner of the Reporting Person, and Henry Ellenbogen is the chief investment officer of the Reporting Person and the managing member of Durable GP.
(b)	Percent of class: 8.1 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 7490351
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 7490351
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. See disclosure of relationships among parties under Item 4. The economic benefits of the Shares are shared based on agreements among the parties.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See control and Shares holding disclosure in Item 4.
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 acquired and are held in the ordinary course of business and 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.

Durable Capital Partners LP

Signature:	/s/ Julie Jack
Name/Title:	Authorized Person
Date:	08/14/2025

FAQ

How many Clear Secure (YOU) Class A shares does Durable Capital report owning?

Durable Capital reports beneficial ownership of 7,490,351 shares of Clear Secure Class A common stock.

What percentage of Clear Secure's Class A stock does 7,490,351 shares represent?

The filing states this represents 8.1% of the outstanding Class A shares, based on 92,266,338 shares outstanding.

Does Durable Capital have voting control over these YOU shares?

Yes. The filing discloses sole voting power and sole dispositive power over the 7,490,351 shares.

Was the position acquired to change or influence control of Clear Secure?

The filing certifies the securities were acquired and are held in the ordinary course of business and not to change or influence control.

Which Durable Capital entity directly holds the Clear Secure shares?

The shares are directly held by Durable Capital Master Fund LP, per the filing.