4//SEC Filing
Barkin Michael Z 4
Accession 0001571970-25-000009
CIK 0001856314other
Filed
Aug 24, 8:00 PM ET
Accepted
Aug 25, 7:27 PM ET
Size
18.4 KB
Accession
0001571970-25-000009
Insider Transaction Report
Form 4
Barkin Michael Z
DirectorPresident
Transactions
- Disposition to Issuer
Class C Common Stock
2025-08-22−16,050→ 123,179 total - Disposition to Issuer
Non-voting common units of Alclear Holdings, LLC
2025-08-22−3,950→ 139,229 total→ Class A Common Stock (3,950 underlying) - Disposition to Issuer
Class C Common Stock
2025-08-22−3,950→ 139,229 total - Sale
Class A Common Stock
2025-08-22$35.22/sh−16,050$565,281→ 12,725 total - Disposition to Issuer
Non-voting common units of Alclear Holdings, LLC
2025-08-22−16,050→ 123,179 total→ Class A Common Stock (16,050 underlying) - Sale
Class A Common Stock
2025-08-21$35.01/sh−3,950$138,290→ 12,725 total - Award
Class A Common Stock
2025-08-22+3,950→ 16,675 total - Award
Class A Common Stock
2025-08-22+16,050→ 28,775 total
Footnotes (5)
- [F1]This transaction was automatically effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on September 12, 2024.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $35 to $35.05, 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.
- [F3]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"), non-voting common interest units ("Common Units") of Alclear, 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 transactions described in footnotes 2 and 5, and so after the transactions reported in this Form 4, 12,725 shares of Class A Common Stock were held.
- [F4]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.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $35 to $35.42, 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.
Documents
Issuer
Clear Secure, Inc.
CIK 0001856314
Entity typeother
Related Parties
1- filerCIK 0001571970
Filing Metadata
- Form type
- 4
- Filed
- Aug 24, 8:00 PM ET
- Accepted
- Aug 25, 7:27 PM ET
- Size
- 18.4 KB