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

Clear Secure Director Adam Wiener sold 6,000 shares of Class A Common Stock for $36.04 per share, executed under a pre-arranged 10b5-1 trading plan.

Summary

• Adam Wiener, a Director of Clear Secure, Inc. (YOU), sold 6,000 shares of Class A Common Stock.
• The transaction occurred on November 6, 2025, at a price of $36.04 per share.
• This sale was automatically effected pursuant to a Rule 10b5-1 trading plan previously adopted by Mr. Wiener on December 16, 2024.
• Following this transaction, Mr. Wiener directly beneficially owns 187,634 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The transaction is a routine, pre-scheduled insider sale under a 10b5-1 plan, which is generally considered neutral in terms of company sentiment.

Stakeholder Impact

• The sale of 6,000 shares by a director represents a minor liquidity event for the individual and is unlikely to have a significant impact on shareholders or other stakeholders, given it was pre-planned.

Key Dates

Recommendation

The sale by Director Adam Wiener was executed under a pre-arranged Rule 10b5-1 trading plan, adopted nearly a year prior to the transaction date. Such planned sales are typically for personal financial management and do not usually signal a change in the insider's view of the company's prospects. Therefore, this transaction alone does not warrant a change in investment recommendation, suggesting a 'hold' position.

Keywords

Clear Secure, YOU, Adam Wiener, Insider Trading, Form 4, 10b5-1 Plan, Director Sale, Equity Transaction, Beneficial Ownership