SCHEDULE: Durable Capital Boosts Stake in Clear Secure
Beneficial Ownership Report
Durable Capital Partners LP has increased its beneficial ownership in Clear Secure, Inc. to 8.1% of Class A Common Stock.
Summary
- Durable Capital Partners LP reported beneficial ownership of 7,490,351 shares of Clear Secure, Inc.'s Class A Common Stock.
- This stake represents 8.1% of the total outstanding Class A Common Stock.
- The ownership percentage is calculated based on 92,266,338 outstanding Class A Common Stock shares as of May 5, 2025, as reported in Clear Secure's Form 10-Q filed on May 8, 2025.
- The shares are held in the ordinary course of business and not for the purpose of changing or influencing the control of Clear Secure, Inc.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would significantly alter the sentiment beyond a neutral stance, though a large institutional stake can be seen as mildly positive.
Positives
- A significant institutional investor, Durable Capital Partners LP, holds a substantial 8.1% stake, which may signal confidence in Clear Secure, Inc.'s long-term prospects.
- The filing explicitly states the shares are held in the ordinary course of business and not for control purposes, indicating a passive investment stance.
Risks
- No specific company operational or financial risks are detailed in this beneficial ownership filing.
Future Outlook
N/A
Industry Context
This filing is a routine disclosure of beneficial ownership by an institutional investor and does not provide specific industry context or trends.
Related Party Transactions
- The economic benefits of the shares are shared based on agreements among Durable Capital Partners LP, Durable Capital Master Fund LP, and Durable Capital Partners GP LLC, with Henry Ellenbogen as chief investment officer and managing member.
Stakeholder Impact
- Increased transparency for shareholders regarding significant institutional ownership in Clear Secure, Inc.
Key Dates
| Date | Description |
|---|---|
| 05/05/2025 | Date as of which 92,266,338 outstanding Class A Common Stock shares were reported by the Issuer. |
| 05/08/2025 | Date Clear Secure, Inc. filed its Form 10-Q with the SEC, reporting outstanding shares. |
| 06/30/2025 | Date of the event which required the filing of this statement. |
| 08/14/2025 | Date the Schedule 13G Amendment No. 1 was signed by Durable Capital Partners LP. |
Keywords
Clear Secure, Durable Capital Partners, Beneficial Ownership, SEC Filing, 13G, Class A Common Stock, Institutional Investment, Equity Stake
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