Form 4: Alclear Investments II, LLC Reduces Stake in Clear Secure, Inc. Through Stock Sales and Conversions

Alclear Investments II, LLC, a 10% owner and entity related to a director of Clear Secure, Inc., executed a series of transactions involving the sale of Class A Common Stock and the conversion of Class B Common Stock into Class A Common Stock.

Summary

• On September 18, 2024, Alclear Investments II, LLC sold 150,000 shares of Class A Common Stock at a weighted average price of $33.04.
• The sale was executed automatically under a pre-existing Rule 10b5-1 trading plan adopted on March 12, 2024.
• On September 19, 2024, 150,000 shares of Class D Common Stock and non-voting common units of Alclear Holdings, LLC were exchanged for Class B Common Stock.
• Also on September 19, 2024, 150,000 shares of Class B Common Stock were converted into Class A Common Stock on a one-for-one basis and used to settle the sale transaction.
• Following these transactions, Alclear Investments II, LLC holds 5,416,444 shares of Class D Common Stock, 275,447 shares of Class B Common Stock, and no shares of Class A Common Stock.

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.

Negatives

• Alclear Investments II, LLC reduced its holdings in Class A Common Stock to zero through sales.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell the company's stock; this filing indicates changes in Alclear Investments II, LLC's holdings in Clear Secure, Inc.

Stakeholder Impact

• The sale of shares by a significant shareholder like Alclear Investments II, LLC could potentially influence investor sentiment and the stock price of Clear Secure, Inc.

Key Dates