Form 4: Clear Secure Director Sells Shares Under 10b5-1 Plan

Clear Secure Director Adam Wiener sold 8,000 shares of Class A Common Stock for $33.02 per share, reducing his direct beneficial ownership to 193,634 shares.

Summary

• Adam Wiener, a Director of Clear Secure, Inc. (YOU), reported a transaction involving the sale of company stock.
• He disposed of 8,000 shares of Class A Common Stock on October 1, 2025.
• The shares were sold at a price of $33.02 per share.
• Following this transaction, Adam Wiener directly beneficially owns 193,634 shares of Class A Common Stock.
• This transaction was automatically executed pursuant to a Rule 10b5-1 trading plan, which was previously adopted by the reporting person on December 16, 2024.

Sentiment

Score: 5

Explanation: The transaction is a pre-planned sale under a Rule 10b5-1 plan, which typically indicates a personal financial management decision rather than a reflection of the director's immediate outlook on the company's prospects. The sale amount is also not exceptionally large relative to the company's size or the director's remaining holdings.

Negatives

• A director, Adam Wiener, sold 8,000 shares of Class A Common Stock. While part of a pre-arranged plan, insider selling can sometimes be perceived as a lack of confidence, though this is mitigated by the 10b5-1 plan.

Future Outlook

No forward-looking statements or guidance were provided in this Form 4 filing.

Industry Context

This filing reports a routine insider transaction and does not contain information related to broader industry trends or competitors.

Stakeholder Impact

• Shareholders may note the director's sale, though its execution under a pre-arranged 10b5-1 plan generally mitigates concerns about its implications for company performance.

Key Dates

Recommendation

The reported transaction is a pre-planned sale by a director under a Rule 10b5-1 trading plan. Such transactions are typically for personal financial management and do not usually signal a change in the company's fundamental outlook or warrant a significant shift in investment recommendation. The sale amount is also not substantial enough to materially impact the stock price or investment thesis.

Keywords

Clear Secure, YOU, Form 4, Insider Trading, Stock Sale, Director, Adam Wiener, 10b5-1 Plan