4//SEC Filing
Alclear Investments, LLC 4
Accession 0001209191-22-045087
CIK 0001856314other
Filed
Aug 8, 8:00 PM ET
Accepted
Aug 9, 7:01 PM ET
Size
15.6 KB
Accession
0001209191-22-045087
Insider Transaction Report
Form 4
Alclear Investments, LLC
Director10% OwnerOther
Transactions
- Award
Class B Common Stock
2022-08-08+206→ 190,653 total - Sale
Class A Common Stock
2022-08-05$28.00/sh−206$5,768→ 0 total - Award
Class A Common Stock
2022-08-08+206→ 0 total - Disposition to Issuer
Class D Common Stock
2022-08-08−206→ 7,074,863 total - Disposition to Issuer
Class B Common Stock
2022-08-08−206→ 190,447 total - Disposition to Issuer
Non-voting common units of Alclear Holdings, LLC
2022-08-08−206→ 7,074,863 total→ Class B Common Stock and Class A Common Stock (206 underlying)
Footnotes (5)
- [F1]This transaction was automatically effected pursuant to a Rule 10b5-1 trading plan previously adopted.
- [F2]Pursuant to the terms of the Issuer's Certificate of Incorporation, each share of Class B Common Stock was converted into a share of Class A Common Stock of the Issuer ("Class A Common Stock") on a one-for-one basis. 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, no shares of Class A Common Stock are held.
- [F3]Shares of Class D Common Stock of the Issuer ("Class D Common Stock") have 20 votes 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 non-voting common units ("Common Units") of Alclear Holdings, LLC ("Alclear") held.
- [F4]Pursuant to the terms of the Exchange Agreement, dated June 29, 2021, by and among the Issuer, Alclear and the equityholders of Alclear (the "Exchange Agreement"), Common Units, together with a corresponding number of shares of Class D Common Stock, were exchanged for Class B Common Stock of the Issuer ("Class B Common Stock") on a one-for-one basis. The exchange rights under the Exchange Agreement do not expire.
- [F5]Class B Common Stock have 20 votes per share and economic rights (including rights to dividends and distributions upon liquidation).
Documents
Issuer
Clear Secure, Inc.
CIK 0001856314
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001869246
Filing Metadata
- Form type
- 4
- Filed
- Aug 8, 8:00 PM ET
- Accepted
- Aug 9, 7:01 PM ET
- Size
- 15.6 KB