Form 4: Clear Secure CISO, Richard N. Patterson Jr., Sells 1,000 Shares of Class A Common Stock

Richard N. Patterson Jr., CISO of Clear Secure, Inc., executed a sale of 1,000 shares of Class A Common Stock at $28 per share on August 15, 2024, according to a Form 4 filing with the SEC.

Summary

• On August 15, 2024, Richard N. Patterson Jr., the CISO of Clear Secure, Inc. (YOU), sold 1,000 shares of Class A Common Stock.
• The sale was executed at a price of $28 per share.
• Following the transaction, Patterson directly owns 25,727 shares of Clear Secure, Inc.
• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on August 11, 2023.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine transaction under a pre-existing trading plan. It doesn't inherently indicate positive or negative sentiment towards the company's prospects.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company executives and their holdings in the company. Investors often monitor these filings to gain insights into management's perspective on the company's stock and future prospects.

Stakeholder Impact

• The sale of shares by a company insider could have a minor impact on shareholder sentiment, but the existence of a pre-arranged trading plan mitigates concerns about the insider's confidence in the company.

Key Dates