Form 4: Clear Secure Inc. President & CFO Kenneth Cornick Donates 30,000 Shares to Charitable Foundation

Kenneth Cornick, President & CFO of Clear Secure, Inc., gifted 30,000 shares of Class A Common Stock to a charitable foundation on August 23, 2024.

Summary

• On August 23, 2024, Kenneth L. Cornick, President & CFO of Clear Secure, Inc., reported a transaction involving the donation of 30,000 shares of Class A Common Stock to a 501(c)(3) charitable foundation.
• The shares were gifted at a price of $0.00 per share.
• Following the transaction, Mr. Cornick directly owns 0 shares of Class A Common Stock.
• Mr. Cornick indirectly owns 79,935 shares of Class A Common Stock through a Family Revocable Trust.
• He also controls Alclear Investments II, LLC, which holds additional shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to a donation, which is generally viewed positively, but doesn't have a significant impact on the company's financial outlook.

Positives

• The donation to a charitable foundation could be viewed positively from a corporate social responsibility perspective.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The donation may have a minor positive impact on the company's reputation among stakeholders.

Key Dates