Form 4: Alclear Investments II, LLC Adjusts Holdings in Clear Secure, Inc.

Alclear Investments II, LLC reports changes in its beneficial ownership of Clear Secure, Inc. stock, including sales and conversions of Class A, Class B, and Class D common stock.

Summary

• Alclear Investments II, LLC, a 10% owner and entity related to a director of Clear Secure, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On October 11, 2024, Alclear sold 150,000 shares of Class A Common Stock at a weighted average price of $34.08 per share, ranging from $34.00 to $34.19.
• On October 15, 2024, 150,000 shares of Class B Common Stock were converted to Class A Common Stock on a one-for-one basis and then used to settle the sale transaction.
• Also on October 15, 2024, 150,000 non-voting common units of Alclear Holdings, LLC, along with a corresponding number of Class D Common Stock, were exchanged for Class B Common Stock.
• Following these transactions, Alclear holds 5,266,444 shares of Class D Common Stock and 275,447 shares of Class B Common Stock.
• After the transactions, Alclear Investments II, LLC holds no shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing transactions by a major shareholder. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about stock sales and conversions.

Industry Context

This filing reflects the ongoing transactions of major shareholders in Clear Secure, providing insight into their investment strategies and confidence in the company's future.

Related Party Transactions

• The Exchange Agreement, dated June 29, 2021, by and among the Issuer, Alclear and the equityholders of Alclear, governs the exchange of Common Units for Class B Common Stock.

Stakeholder Impact

• The transactions may influence investor perception of Clear Secure, Inc., potentially affecting the stock price.
• Changes in ownership structure could impact the company's strategic direction.

Key Dates