Form 4: Clear Secure Director Kenneth Cornick Reports Stock Sales and Conversions

Director Kenneth Cornick reports the sale of Class A Common Stock and conversions between Class B and Class A Common Stock, along with transactions involving non-voting common units of Alclear Holdings, LLC.

Summary

• Kenneth L. Cornick, a director and 10% owner of Clear Secure, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On May 21, 2025, Cornick sold 122,533 shares of Class A Common Stock at a weighted average price of $25.51.
• On May 22, 2025, there were conversions of Class B Common Stock into Class A Common Stock on a one-for-one basis.
• Cornick also reported transactions involving non-voting common units of Alclear Holdings, LLC, which are exchangeable for Class B Common Stock.
• Additionally, 228,374 shares of Class A Common Stock were sold at a weighted average price of $25.54 on May 22, 2025.
• The reported transactions also include adjustments to reflect 360 shares inadvertently omitted from a prior Form 4.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track significant ownership changes.

Stakeholder Impact

• Shareholders may be interested in the insider's transactions as an indicator of management's view of the company's prospects.

Key Dates

Keywords

Form 4, Beneficial Ownership, Clear Secure, Stock Sale, Stock Conversion, Kenneth Cornick, Alclear Holdings