SCHEDULE: Clear Secure: Alclear Investments II & Cornick Stake Update

Alclear Investments II, LLC and Kenneth L. Cornick updated their beneficial ownership in Clear Secure, Inc. to 4.2% of Class A common stock.

Summary

• Alclear Investments II, LLC and Kenneth L. Cornick reported beneficial ownership of 3,956,826 shares of Clear Secure, Inc. Class A common stock.
• This ownership represents 4.2% of the outstanding Class A common stock.
• The reported stake includes 190,382 shares directly held and 3,766,444 shares issuable upon the exchange of non-voting common units of Alclear Holdings, LLC.
• The percentage is calculated based on 95,330,547 shares of Common Stock outstanding as of July 31, 2025, as reported in Clear Secure, Inc.'s quarterly report on Form 10-Q filed on August 5, 2025.
• This filing is Amendment No. 4 to their Schedule 13G statement.

Sentiment

Score: 5

Explanation: This is a neutral, factual disclosure of beneficial ownership, providing no direct positive or negative operational or financial news.

Positives

• The filing provides transparency regarding significant beneficial ownership, which can be viewed positively by investors seeking clear ownership structures.

Negatives

• The filing itself does not contain information that would be considered negative, as it is a routine ownership disclosure.

Risks

• The beneficial ownership includes 3,766,444 shares issuable upon the exchange of Alclear Holdings, LLC units, which could lead to future dilution if converted into Class A Common Stock and sold on the open market.

Future Outlook

The filing does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

Clear Secure, Inc. operates in the identity verification and secure travel technology sector, providing expedited airport security screening services. This filing is a routine beneficial ownership disclosure for a company in this industry, reflecting a significant but non-controlling stake by an investment entity and an individual.

Related Party Transactions

• Kenneth L. Cornick is a reporting person and also serves as the manager of Alclear Investments II, LLC, the other reporting person, indicating a direct relationship in the ownership structure.
• The beneficial ownership includes shares issuable from Alclear Holdings, LLC units, which are part of the broader Alclear corporate structure, highlighting an existing related party arrangement for potential share conversion.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant ownership stakes, which can influence perceptions of control and stability within the company's investor base.

Key Dates

Keywords

Clear Secure, Alclear Investments, Kenneth Cornick, beneficial ownership, Schedule 13G, Class A common stock, ownership stake, SEC filing