Matthew Levine - Jul 1, 2022 Form 4 Insider Report for Clear Secure, Inc. (YOU)

Role: GC, Chief Privacy Off & Sec
Signature: /s/ Matthew Levine
Stock symbol: YOU
Transactions as of: Jul 1, 2022
Transactions value $: -$86,162
Form type: 4
Date filed: 7/5/2022, 04:18 PM
Previous filing: Jun 30, 2021
Next filing: Aug 9, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	YOU	Class A Common Stock	Options Exercise	$0	+8.33K		$0.00	8.33K	Jul 1, 2022	Direct	F1
transaction	YOU	Class A Common Stock	Options Exercise	$0	+3.33K	+40%	$0.00	11.7K	Jul 1, 2022	Direct	F2
transaction	YOU	Class A Common Stock	Tax liability	-$86.2K	-4.2K	-36.06%	$20.50	7.45K	Jul 1, 2022	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	YOU	Restricted Stock Units	Options Exercise	$0	-8.33K	-33.33%	$0.00	16.7K	Jul 1, 2022	Class A Common Stock	8.33K		Direct	F1
transaction	YOU	Restricted Stock Units	Options Exercise	$0	-3.33K	-33.33%	$0.00	6.66K	Jul 1, 2022	Class A Common Stock	3.33K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This Form 4 is being filed to report the vesting, and automatic net share withholding for tax purposes, of a portion of the restricted stock units ("RSUs"). These RSUs vest in installments, with one-third vesting on July 1, 2022, one-third vesting on January 1, 2023 and one-third vesting on January 1, 2024, following a modification of the original vesting schedule.
F2	This Form 4 is being filed to report the vesting, and automatic net share withholding for tax purposes, of a portion of the RSUs. These RSUs vest in installments, with one-third vesting on July 1, 2022, one-third vesting on March 15, 2023 and one-third vesting on March 15, 2024, following a modification of the original vesting schedule.
F3	Represents RSUs automatically withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1 and 2, exempt under Rule 16b-3.