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

Role
President & CFO, Director, 10%+ Owner
Signature
/s/ Matthew Levine, Attorney-in-Fact
Stock symbol
YOU
Transactions as of
Nov 16, 2022
Transactions value $
$0
Form type
4
Date filed
11/17/2022, 05:22 PM
Previous filing
Nov 17, 2022
Next filing
Nov 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction YOU Class B Common Stock Disposed to Issuer -35K -18.38% 155K Nov 16, 2022 See footnote F1, F2, F3
transaction YOU Class A Common Stock Award +35K 35K Nov 16, 2022 See footnote F2, F3
transaction YOU Class A Common Stock Gift $0 -35K -100% $0.00* 0 Nov 16, 2022 See footnote F2, F3, F4
holding YOU Class A Common Stock 79.9K Nov 16, 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.