Form 4: Clear Secure CISO Richard N. Patterson Jr. Sells 7,500 Shares of Class A Common Stock
SEC Form 4 Filing
Richard N. Patterson Jr., CISO of Clear Secure, Inc., sold 7,500 shares of Class A Common Stock at a weighted average price of $22.08 on August 6, 2024.
Summary
- On August 6, 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 shares were sold at a weighted average price of $22.08.
- The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 11, 2023.
- Following the transaction, Patterson directly owns 34,227 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider stock sale. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.
Industry Context
This filing is a routine disclosure of insider trading activity. It provides transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The sale of shares by a company insider could be perceived negatively by some investors, potentially leading to slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 08/11/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 08/06/2024 | Date of transaction: sale of 7,500 shares |
| 08/07/2024 | Date of signature on the Form 4 filing |
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