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

Clear Secure Director Adam Wiener sold 14,000 shares of Class A Common Stock for $35 per share, as part of a pre-arranged 10b5-1 trading plan.

Summary

• Adam Wiener, a Director of Clear Secure, Inc. (YOU), reported a sale of Class A Common Stock.
• The transaction involved the disposition of 14,000 shares.
• The shares were sold at a price of $35 per share.
• The sale occurred on January 2, 2026.
• This transaction was executed automatically pursuant to a Rule 10b5-1 trading plan, which was previously adopted by Mr. Wiener on December 16, 2024.
• Following this transaction, Mr. Wiener beneficially owns 165,634 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The transaction is a pre-planned sale under a Rule 10b5-1 plan, indicating a routine disposition of shares rather than a reaction to new, non-public information. This typically has a neutral sentiment impact.

Future Outlook

NA

Industry Context

This filing reports a routine insider transaction under a pre-arranged trading plan, which is a common practice for corporate executives and directors to manage their equity holdings while complying with insider trading regulations. It does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: A minor, pre-planned sale by a director is generally not expected to have a significant impact on shareholder sentiment or the company's stock price, as it's a routine liquidity event rather than a signal of changing company fundamentals.

Key Dates

Recommendation

The reported transaction is a pre-scheduled sale by a director under a Rule 10b5-1 trading plan. Such transactions are typically for personal financial planning and are not usually indicative of new material information about the company's performance or future prospects. Therefore, this specific filing does not provide a basis for changing an investment recommendation, and a 'hold' stance remains appropriate based solely on this information.

Keywords

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