Liu Dennis W. 4

What Happened

• Dennis W. Liu, Chief Accounting Officer of Clear Secure, Inc. (YOU), was granted 8,711 restricted stock units (RSUs) on March 10, 2026. The award is reported as a derivative acquisition (code A) at $0.00 per unit (no cash paid).
• These RSUs represent a contingent right to receive shares of Class A common stock upon vesting; the reported grant has no immediate cash value.

Key Details

• Transaction date: 2026-03-10; Filing date (Form 4): 2026-03-12.
• Amount: 8,711 RSUs; reported price: $0.00 per RSU (award/grant).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnote: The RSUs vest in three equal annual installments on March 10, 2027, 2028 and 2029, generally subject to continued service (see footnote F1).
• No indication of a sale, exercise, tax withholding, or a 10b5-1 plan in the provided details.

Context

• RSU grants are standard compensation for executives and are not the same as an outright purchase or sale; they vest over time and become shares only if vesting conditions are met.
• Because this is an award rather than a purchase or sale, it should not be interpreted as a direct market signal like an open-market buy or sell. The filing appears timely (filed two days after the grant date).