Kenneth L. Cornick - 16 Nov 2022 Form 4 Insider Report for Clear Secure, Inc. (YOU)

Role
President & CFO, Director, 10%+ Owner
Signature
/s/ Matthew Levine, Attorney-in-Fact
Issuer symbol
YOU
Transactions as of
16 Nov 2022
Net transactions value
$0
Form type
4
Filing time
17 Nov 2022, 17:22:26 UTC
Previous filing
17 Nov 2022
Next filing
21 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction YOU Class B Common Stock Disposed to Issuer -35,000 -18% 155,447 16 Nov 2022 See footnote F1, F2, F3
transaction YOU Class A Common Stock Award +35,000 35,000 16 Nov 2022 See footnote F2, F3
transaction YOU Class A Common Stock Gift $0 -35,000 -100% $0.000000* 0 16 Nov 2022 See footnote F2, F3, F4
holding YOU Class A Common Stock 79,935 16 Nov 2022 By Family Revocable Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Class B common stock of the Issuer ("Class B Common Stock") have 20 votes per share and economic rights (including rights to dividends and distributions upon liquidation).
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 gift transaction reflected herein, and so after the transactions reported in this Form 4, no shares of Class A Common Stock are held.
F3 Alclear Investments II, LLC is controlled by Mr. Cornick, its sole manager, who has dispositive control and voting control over the shares held by Alclear Investments II, LLC.
F4 This transaction represents a gift / donation to a 501(c)(3) charitable foundation. No value was received for the gifted shares.