Form 4: Alclear Investments, LLC Converts Class B Shares to Class A Shares in Clear Secure, Inc.

Alclear Investments, LLC converted 200,000 Class B common shares to Class A common shares and transferred 200,000 Class A shares as a gift.

Summary

• Alclear Investments, LLC, a significant shareholder in Clear Secure, Inc., converted 200,000 Class B common shares into 200,000 Class A common shares on December 11, 2024.
• The conversion was done on a one-for-one basis, as per the company's Certificate of Incorporation.
• On December 12, 2024, Alclear Investments, LLC transferred 200,000 Class A common shares to Ms. Caryn Seidman Becker as a gift.
• This transfer is considered a change in the form of beneficial ownership and is exempt under Rule 16a-13 of the Securities Exchange Act of 1934.
• Following these transactions, Alclear Investments, LLC still holds 200,000 Class A shares.

Sentiment

Score: 7

Explanation: The document reflects routine transactions related to share ownership and does not indicate any significant positive or negative sentiment. The conversion and transfer are neutral events.

Positives

• The conversion of Class B shares to Class A shares simplifies the share structure.
• The gift transfer is a personal transaction and does not negatively impact the company.

Management Comments

• The reporting person believes that the transfer constitutes a change in form of beneficial ownership of the shares, exempted by Rule 16a-13 under the Securities Exchange Act of 1934.

Industry Context

This is a standard SEC Form 4 filing related to changes in beneficial ownership, which is common for publicly traded companies.

Comparison to Industry Standards

• The conversion of Class B to Class A shares is a common practice to simplify capital structures, similar to actions taken by other companies with dual-class share structures.
• The gift transfer is a personal transaction and does not have a direct impact on the company's financials or operations, which is typical for such filings.

Stakeholder Impact

• The share conversion and transfer have a neutral impact on shareholders as it does not change the total number of shares outstanding or the company's operations.

Key Dates

Keywords

Class A Common Stock, Class B Common Stock, Share Conversion, Beneficial Ownership, Alclear Investments, Clear Secure, SEC Form 4, Share Transfer