Form 4: Clear Secure CFO Dennis W. Liu Sells Shares Under 10b5-1 Trading Plan

Dennis W. Liu, Chief Accounting Officer of Clear Secure, Inc., sold 1,500 shares of Class A Common Stock at an average price of $31.05 on September 9, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On September 9, 2024, Dennis W. Liu, the Chief Accounting Officer of Clear Secure, Inc. (YOU), sold 1,500 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $31.05 per share, with individual transactions ranging from $31.00 to $31.12.
• Following the transaction, Liu directly owns 7,211 shares of Clear Secure's Class A Common Stock.
• The sale was conducted under a Rule 10b5-1 trading plan adopted on September 5, 2023.
• The transaction was reported on September 10, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan and doesn't necessarily reflect a change in the insider's view of the company's prospects.

Industry Context

Sales by company insiders are a common occurrence and are often pre-planned through Rule 10b5-1 trading plans to avoid accusations of insider trading. The market typically analyzes these sales in the context of the company's overall performance and future prospects.

Stakeholder Impact

• The sale could have a minor negative impact on shareholder sentiment if misinterpreted as a lack of confidence by the insider, but the Rule 10b5-1 plan mitigates this concern.

Key Dates