Form 4: Clear Secure CEO Sells Shares Under 10b5-1 Plan

Clear Secure CEO Caryn Seidman Becker has sold a significant number of Class A common stock shares as part of a pre-arranged trading plan.

Summary

• Caryn Seidman Becker, CEO of Clear Secure, Inc., reported transactions involving Class A, Class B, and Class D common stock.
• On June 25, 2026, 34,309 shares of Class A Common Stock were sold at a weighted average price of $53.11, with individual sales ranging from $53.00 to $53.44.
• These sales were executed automatically under a Rule 10b5-1 trading plan established on March 12, 2026.
• Following these transactions, no shares of Class A Common Stock are held directly by the reporting person.
• The filing also details exchanges and conversions between Class B and Class D common stock and non-voting common units of Alclear Holdings, LLC, with Class B shares carrying 20 votes per share and economic rights, while Class D shares have 20 votes per share but no economic rights.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a neutral to slightly negative filing due to the CEO's sale of a significant number of shares, even though it was conducted under a pre-arranged plan.

Negatives

• CEO Caryn Seidman Becker sold 34,309 shares of Class A common stock.
• The sale occurred under a pre-arranged trading plan, indicating a planned divestment of shares.

Future Outlook

The filing does not contain forward-looking statements or guidance.

Management Comments

• The reporting person undertakes to provide the Issuer, any security holder of the Issuer, and the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.

Industry Context

StockSavvy.ai notes that insider selling, especially by a CEO, can sometimes be interpreted negatively by the market, though the use of a Rule 10b5-1 plan suggests the sale was pre-planned and not necessarily based on non-public information.

Stakeholder Impact

• Shareholders may view the CEO's sale of shares with caution, although the Rule 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Recommendation

The sale by the CEO was executed under a pre-arranged 10b5-1 plan, which is a standard practice and does not necessarily signal a negative outlook for the company. However, significant insider selling warrants a cautious 'hold' approach until further positive catalysts emerge.

Keywords

Clear Secure, YOU, Form 4, Insider Trading, Rule 10b5-1, Stock Sale, CEO, Beneficial Ownership, Class A Common Stock, Class B Common Stock, Class D Common Stock