4//SEC Filing
Barkin Michael Z 4
Accession 0000950142-24-002283
CIK 0001856314other
Filed
Aug 27, 8:00 PM ET
Accepted
Aug 28, 5:03 PM ET
Size
13.8 KB
Accession
0000950142-24-002283
Insider Transaction Report
Form 4
Barkin Michael Z
DirectorPresident
Transactions
- Award
Class A Common Stock
2024-08-28+16,675→ 7,056 total - Sale
Class A Common Stock
2024-08-27$28.68/sh−16,675$478,239→ 15,381 total - Sale
Class A Common Stock
2024-08-27$28.56/sh−8,325$237,762→ 7,056 total - Disposition to Issuer
Class C Common Stock
2024-08-28−16,675→ 163,179 total - Disposition to Issuer
Non-voting common units of Alclear Holdings, LLC
2024-08-28−16,675→ 163,179 total→ Class A Common Stock (16,675 underlying)
Footnotes (4)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $28.44 to $28.90, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, and the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
- [F2]Pursuant to the terms of the Exchange Agreement, dated June 29, 2021, by and among the Issuer, Alclear Holdings, LLC (?Alclear?) and the equityholders of Alclear (the ?Exchange Agreement?), nonvoting common units of Alclear (?Common Units?), together with a corresponding number of shares of Class C common stock of the Issuer (?Class C Common Stock?), were exchanged for shares of Class A common stock of the Issuer (?Class A Common Stock?) on a one-for-one basis. The exchange rights under the Exchange Agreement do not expire. The resulting shares of Class A Common Stock were used to settle the sale transaction described above, and so after the transactions reported in this Form 4, 7,056 shares of Class A Common Stock were held.
- [F3]Shares of Class C Common Stock have one vote per share but no economic rights (including rights to dividends and distributions upon liquidation) and are issued in an equal amount to the number of Common Units held.
- [F4]Pursuant to the terms of the Exchange Agreement, Common Units, together with a corresponding number of shares of Class C Common Stock, may be exchanged for, at the Issuer's option, (i) shares of Class A Common Stock, which have one vote per share and economic rights (including rights to dividends and distributions upon liquidation), on a one-for-one basis or (ii) cash from a substantially concurrent public offering or private sale of Class A Common Stock (based on the market price of the Class A Common Stock in such public offering or private sale). The exchange rights under the Exchange Agreement do not expire.
Documents
Issuer
Clear Secure, Inc.
CIK 0001856314
Entity typeother
Related Parties
1- filerCIK 0001571970
Filing Metadata
- Form type
- 4
- Filed
- Aug 27, 8:00 PM ET
- Accepted
- Aug 28, 5:03 PM ET
- Size
- 13.8 KB