Form 4: Alclear Investments II, LLC Executes Stock Transactions in Clear Secure, Inc.

Alclear Investments II, LLC, a 10% owner and related to a director of Clear Secure, Inc., reports multiple transactions involving Class A, Class B, and Class D common stock, including sales and conversions.

Summary

• On May 21, 2025, Alclear Investments II, LLC sold 122,533 shares of Class A Common Stock at a weighted average price of $25.51.
• On May 22, 2025, a series of transactions occurred, including conversions of Class B Common Stock to Class A Common Stock, exchanges of Common Units and Class D Common Stock for Class B Common Stock, and sales of Class A Common Stock.
• Specifically, 228,374 shares of Class A Common Stock were sold at a weighted average price of $25.54.
• These transactions resulted in changes in the beneficial ownership of Class A, Class B, and Class D Common Stock, as well as non-voting common units of Alclear Holdings, LLC.
• The reporting person may be deemed a director by deputization due to their relationship with Kenneth Cornick, the sole manager of Alclear Investments II, LLC.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather reports factual changes in ownership.

Industry Context

This Form 4 filing indicates changes in ownership by a significant shareholder, which is a common occurrence. The transactions themselves don't provide specific insight into industry trends but reflect the investment decisions of a major stakeholder in Clear Secure, Inc.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders and large shareholders, ensuring transparency in the market.
• The reported transactions are typical for entities holding multiple classes of stock with conversion and exchange rights.
• Comparable companies would also have similar filings when insiders or large shareholders execute transactions.

Stakeholder Impact

• The transactions may influence investor perception of Clear Secure, Inc., potentially affecting the stock price.
• Changes in ownership by a major shareholder can signal confidence or lack thereof in the company's future prospects.

Key Dates

Keywords

Clear Secure, Inc., Alclear Investments II, LLC, Form 4, Beneficial Ownership, Stock Transactions, Class A Common Stock, Class B Common Stock, Class D Common Stock, Exchange Agreement, Director Deputization