Form 4: Clear Secure Inc. President & CFO Kenneth Cornick Reports Share Conversion and Ownership Changes

Kenneth L. Cornick, President & CFO of Clear Secure, Inc., reports the conversion of Class B Common Stock to Class A Common Stock and changes in beneficial ownership.

Summary

• On August 14, 2024, Kenneth L. Cornick, President & CFO of Clear Secure, Inc., reported transactions involving the company's stock.
• 30,000 shares of Class B Common Stock were converted into 30,000 shares of Class A Common Stock on a one-for-one basis.
• Following the transaction, Mr. Cornick indirectly owns 125,447 shares of Class B Common Stock and 30,000 shares of Class A Common Stock through Alclear Investments II, LLC.
• Mr. Cornick also indirectly owns 79,935 shares of Class A Common Stock through a Family Revocable Trust.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting stock transactions. It doesn't convey any particular positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the ownership stake and activities of key executives.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The conversion of stock has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates