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

Alclear Investments II, LLC, a 10% owner and entity related to a director of Clear Secure, Inc., reports the conversion of Class B Common Stock to Class A Common Stock.

Summary

• On August 14, 2024, Alclear Investments II, LLC converted 30,000 shares of Class B Common Stock of Clear Secure, Inc. into 30,000 shares of Class A Common Stock.
• Following the transaction, Alclear Investments II, LLC directly owns 125,447 shares of Class B Common Stock and 30,000 shares of Class A Common Stock.
• The reporting person may be deemed a director by deputization due to their relationship with Kenneth Cornick, the sole manager and an equityholder of Alclear Investments II, LLC.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock conversion, which has a neutral impact on sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, including directors, officers, and principal stockholders. This allows the public to monitor potential changes in company ownership and management's view of the company's prospects.

Comparison to Industry Standards

• Form 4 filings are a standard part of regulatory compliance for publicly traded companies, similar to filings made by insiders at companies like Palantir (PLTR) or Snowflake (SNOW).
• The conversion of stock classes is not uncommon, and the reporting requirements are consistent across all SEC-regulated entities.

Stakeholder Impact

• The conversion of stock has a neutral impact on stakeholders as it does not change the economic value of the shares held by Alclear Investments II, LLC.

Key Dates