Form 4: Clear Secure Director Kenneth Cornick Reports Changes in Beneficial Ownership

Director Kenneth Cornick reports transactions involving Clear Secure's Class A, Class B, and Class D Common Stock, including conversions and disposals.

Summary

• Kenneth L. Cornick, a director and 10% owner of Clear Secure, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On May 13, 2025, Cornick disposed of 109,409 shares of Class A Common Stock at a weighted average price of $25.23.
• On May 15, 2025, various transactions occurred, including the disposal of Class D Common Stock and the acquisition of Class B Common Stock, both involving 109,409 shares.
• Class B Common Stock was converted into Class A Common Stock on a one-for-one basis, and these shares were used to settle the sale transaction.
• Alclear Investments II, LLC, controlled by Cornick, transferred shares to a Family Revocable Trust.
• Cornick indirectly holds shares through Alclear Investments II, LLC, and a Family Revocable Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting changes in stock ownership. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transactions may influence investor perception of Clear Secure, Inc.

Key Dates

Keywords

Form 4, Beneficial Ownership, Clear Secure, Cornick, Class A Common Stock, Class B Common Stock, Class D Common Stock, Alclear Investments II, LLC, Director, 10% Owner