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

Clear Secure's GC & Chief Privacy Officer, Lynn Haaland, sold 15,532 shares of Class A Common Stock for over $636,000 through a pre-arranged 10b5-1 trading plan.

Summary

• Lynn Haaland, General Counsel & Chief Privacy Officer of Clear Secure, Inc. (YOU), sold a total of 15,532 shares of Class A Common Stock.
• The sales occurred on December 12, 2025, and were executed pursuant to a Rule 10b5-1 trading plan previously adopted on September 2, 2025.
• The transactions involved two separate sales: 7,766 shares at a price of $40.00 per share and another 7,766 shares at $42.00 per share.
• The total proceeds from these sales amounted to $636,812.
• Following these reported transactions, Lynn Haaland beneficially owns 15,533 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine insider sale executed under a pre-arranged 10b5-1 plan, which is a common practice for executives and does not typically signal a change in company fundamentals or management's view of the company's prospects.

Positives

• The transaction was executed under a Rule 10b5-1 trading plan, indicating a pre-scheduled, non-discretionary sale, which often reduces concerns about opportunistic insider selling.

Negatives

• An insider sale, even if pre-planned, reduces the officer's direct equity stake in the company.

Industry Context

This is a routine insider transaction, common across all industries, where executives manage their personal equity holdings, often through pre-arranged plans to comply with insider trading regulations.

Comparison to Industry Standards

• Insider sales executed under Rule 10b5-1 plans are standard practice for executives in publicly traded companies across various sectors, including technology and security, to manage personal finances while adhering to SEC regulations.
• These plans are widely adopted by executives at companies like Apple, Microsoft, and Google to avoid accusations of trading on material non-public information.

Stakeholder Impact

• Shareholders: Provides transparency regarding insider stock ownership changes. The sale itself is unlikely to have a significant direct impact on share price given it was pre-planned.
• Employees: No direct impact.
• Customers: No direct impact.
• Suppliers: No direct impact.
• Creditors: No direct impact.

Key Dates

Recommendation

This is a routine insider sale executed under a pre-arranged 10b5-1 plan, which is a common practice for executives to manage personal finances and diversify holdings. It does not inherently signal a change in the company's fundamental outlook or performance. Therefore, an investor should 'hold' and consider this transaction as neutral information, focusing instead on the company's operational performance and broader market conditions.

Keywords

Clear Secure, YOU, Lynn Haaland, Insider Sale, Form 4, 10b5-1 Plan, Class A Common Stock, Officer Transaction, Equity Sale