Form 4: Alclear Investments II, LLC Reports Changes in Beneficial Ownership of Clear Secure, Inc. Stock

Alclear Investments II, LLC reports transactions involving Clear Secure, Inc. stock, including conversions and sales, pursuant to a pre-arranged Rule 10b5-1 trading plan.

Summary

• Alclear Investments II, LLC filed a Form 4 detailing changes in its beneficial ownership of Clear Secure, Inc. (YOU) stock.
• The report indicates transactions that occurred on September 10, 2024, and September 12, 2024.
• These transactions include the sale of 400 shares of Class A Common Stock at $31 per share, conversions of Class B Common Stock to Class A Common Stock, and exchanges of Common Units of Alclear Holdings, LLC for Class B Common Stock.
• The transactions were conducted under a Rule 10b5-1 trading plan adopted on March 12, 2024.
• Following the reported transactions, Alclear Investments II, LLC directly owns 5,939,023 shares of Class D Common Stock and 125,447 shares of Class B Common Stock.
• The reporting person may be deemed a director by deputization due to its relationship with Mr. Kenneth Cornick, the sole manager and an equityholder of Alclear Investments II, LLC.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The transactions were conducted under a pre-arranged Rule 10b5-1 trading plan, which can mitigate concerns about insider trading.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders and significant shareholders. This filing indicates activity by a major shareholder of Clear Secure, Inc.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership structure.

Key Dates