Durable Capital Partners LP - Aug 2, 2023 Form 4 Insider Report for Clear Secure, Inc. (YOU)

Role
10%+ Owner
Signature
Durable Capital Partners LP By: Julie Jack, its Authorized Person
Stock symbol
YOU
Transactions as of
Aug 2, 2023
Transactions value $
-$66,726,857
Form type
4
Date filed
8/4/2023, 05:36 PM
Previous filing
Jun 26, 2023
Next filing
Aug 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction YOU Class A Common Stock Sale -$28.1M -1.04M -9.09% $26.99 10.4M Aug 2, 2023 See footnote 2 F1, F2
transaction YOU Class A Common Stock Sale -$2.98M -114K -1.1% $26.06 10.3M Aug 2, 2023 See footnote 2 F2, F3
transaction YOU Class A Common Stock Sale -$13.6M -556K -5.4% $24.49 9.74M Aug 2, 2023 See footnote 2 F2, F4
transaction YOU Class A Common Stock Sale -$22M -930K -9.55% $23.71 8.81M Aug 2, 2023 See footnote 2 F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades ranging from $26.53 to $27.50. The price reported reflects the weighted average purchase price. The Reporting Person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
F2 The securities are held directly by Durable Capital Master Fund LP ("Durable Capital Master Fund"). Durable Capital Partners LP ("Durable Capital") acts as the investment adviser to Durable Capital Master Fund and has sole voting power and sole investment power over the securities reported on this Form 4. Durable Capital Partners GP LLC ("Durable GP") is the general partner of Durable Capital, and Henry Ellenbogen is the chief investment officer of Durable Capital and the managing member of Durable GP. Each of Durable Capital Master Fund, Durable Capital, Durable GP and Mr. Ellenbogen disclaim beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein.
F3 This transaction was executed in multiple trades ranging from $26.03 to $26.40. The price reported reflects the weighted average purchase price. The Reporting Person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
F4 This transaction was executed in multiple trades ranging from $24.14 to $25.12. The price reported reflects the weighted average purchase price. The Reporting Person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
F5 This transaction was executed in multiple trades ranging from $23.65 to $24.11. The price reported reflects the weighted average purchase price. The Reporting Person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.