Form 4: Clear Secure Director Shawn Henry Reports Acquisition and Disposal of Class A Common Stock

Director Shawn Henry reports acquiring and disposing of Clear Secure, Inc. Class A Common Stock due to the vesting of restricted stock units.

Summary

• On June 14, 2024, Shawn Henry, a director of Clear Secure, Inc., reported transactions involving Class A Common Stock.
• These transactions involved the acquisition of 4,704 shares of Class A Common Stock at $0 due to the vesting of restricted stock units (RSUs).
• The director also disposed of 4,704 shares, resulting in a remaining direct ownership of 4,704 shares.
• Additionally, the director holds 9,771 unvested RSUs, which represent a contingent right to receive shares of Class A Common Stock.
• One-third of the initially reported RSUs vested on June 14, 2024, with the remaining two-thirds vesting on June 14, 2025, and June 14, 2026.
• The remaining RSUs will vest upon the earlier of June 13, 2025, or the Issuer's next annual meeting of stockholders, subject to continued service.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation. There are no indications of unusual or concerning activity.

Positives

• The vesting of RSUs indicates that the director is meeting the service requirements.

Future Outlook

The remaining RSUs will vest in the future, subject to continued service, potentially increasing the director's holdings of Class A Common Stock.

Industry Context

Form 4 filings are standard disclosures for corporate insiders, providing transparency into their transactions in the company's stock. This filing indicates the director's ongoing equity stake in Clear Secure, Inc.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the director's holdings.

Key Dates