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

Clear Secure Director Adam Wiener sold 33,000 shares of Class A Common Stock across three transactions in late February 2026, pursuant to a pre-arranged 10b5-1 trading plan.

Summary

• Adam Wiener, a Director of Clear Secure, Inc. (YOU), reported the sale of Class A Common Stock.
• A total of 33,000 shares were disposed of across three separate transactions on February 25, 2026, and February 26, 2026.
• On February 25, 2026, 10,000 shares were sold at a weighted average price of $45.00 (ranging from $45.00 to $45.04).
• Also on February 25, 2026, an additional 8,000 shares were sold at a price of $40.66.
• On February 26, 2026, 15,000 shares were sold at a weighted average price of $50.00 (ranging from $50.00 to $50.025).
• All transactions were automatically executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Wiener on December 16, 2024.
• Following these transactions, Adam Wiener beneficially owns 132,634 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine insider transaction under a pre-arranged plan, which typically has a neutral market impact as it is not indicative of new material information or a change in the company's fundamental outlook.

Negatives

• Insider selling, even under a pre-arranged plan, can sometimes be perceived negatively by the market, though the 10b5-1 plan mitigates concerns about opportunistic trading.

Industry Context

StockSavvy.ai notes that insider sales under a Rule 10b5-1 plan are a common practice for executives and directors to manage personal liquidity and diversification needs while adhering to insider trading regulations. Such plans allow for pre-scheduled transactions, reducing the perception of trading on material non-public information.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are pre-planned personal transactions by a director, not indicative of a change in company fundamentals.

Key Dates

Recommendation

The sales by Director Adam Wiener were executed under a pre-established 10b5-1 trading plan, indicating a pre-scheduled liquidation for personal financial management rather than a reaction to new material information. This type of insider transaction typically has a neutral impact on investment sentiment, thus a 'hold' recommendation is appropriate based solely on this filing.

Keywords

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