Form 4: Alclear Investments II, LLC Donates 30,000 Shares of Clear Secure, Inc. to Charity

Alclear Investments II, LLC, a 10% owner and entity related to a director of Clear Secure, Inc., donated 30,000 shares of Class A Common Stock to a charitable foundation.

Summary

• On August 23, 2024, Alclear Investments II, LLC donated 30,000 shares of Clear Secure, Inc.'s Class A Common Stock to a 501(c)(3) charitable foundation.
• The transaction was reported on a Form 4 filing with the SEC.
• No value was received for the gifted shares.
• Alclear Investments II, LLC may be deemed a director by deputization due to its relationship with Kenneth Cornick, the sole manager and an equityholder of Alclear Investments II, LLC.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a donation to charity. It doesn't directly impact the company's financials or operations, but could be viewed as a positive CSR activity.

Positives

• The donation of shares to a charitable foundation could be viewed positively from a corporate social responsibility perspective.

Industry Context

Share donations by insiders are not uncommon and can be part of estate planning or philanthropic activities. The size of the donation relative to the overall shareholding would be a factor in assessing its significance.

Stakeholder Impact

• The donation has a minor positive impact on the charitable foundation receiving the shares.
• The impact on shareholders is likely negligible.

Key Dates