Form 4: Clear Secure CISO, Richard N. Patterson Jr., Sells 7,500 Shares of Class A Common Stock

Richard N. Patterson Jr., CISO of Clear Secure, Inc., sold 7,500 shares of Class A Common Stock at an average price of $27.04 on August 14, 2024, according to a Form 4 filing with the SEC.

Summary

• On August 14, 2024, Richard N. Patterson Jr., the Chief Information Security Officer (CISO) of Clear Secure, Inc. (YOU), sold 7,500 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $27.04 per share, with individual transactions ranging from $27.00 to $27.10.
• Following the transaction, Patterson directly owns 26,727 shares of Clear Secure's Class A Common Stock.
• 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 an insider sale, which is a common event. The existence of a 10b5-1 plan suggests the sale was pre-planned and not necessarily indicative of the insider's current view of the company's prospects.

Industry Context

Insider sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects. However, significant or frequent insider selling can sometimes raise concerns among investors.

Stakeholder Impact

• The sale of shares by a company insider could potentially create uncertainty among shareholders.

Key Dates