Matthew Levine - 01 Jul 2022 Form 4 Insider Report for Clear Secure, Inc. (YOU)

Role
GC, Chief Privacy Off & Sec
Signature
/s/ Matthew Levine
Issuer symbol
YOU
Transactions as of
01 Jul 2022
Net transactions value
-$86,162
Form type
4
Filing time
05 Jul 2022, 16:18:16 UTC
Previous filing
30 Jun 2021
Next filing
09 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction YOU Class A Common Stock Options Exercise $0 +8,326 $0.000000 8,326 01 Jul 2022 Direct F1
transaction YOU Class A Common Stock Options Exercise $0 +3,330 +40% $0.000000 11,656 01 Jul 2022 Direct F2
transaction YOU Class A Common Stock Tax liability $86,162 -4,203 -36% $20.50 7,453 01 Jul 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 -8,326 -33% $0.000000 16,654 01 Jul 2022 Class A Common Stock 8,326 Direct F1
transaction YOU Restricted Stock Units Options Exercise $0 -3,330 -33% $0.000000 6,662 01 Jul 2022 Class A Common Stock 3,330 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.