Kenneth L. Cornick - 28 May 2025 Form 4 Insider Report for Clear Secure, Inc. (YOU)

Reporting relationship: Director, 10%+ Owner
Issuer ticker: YOU
Reported as of: 28 May 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 30 May 2025, 16:28:26 UTC
Prior SEC filing: 22 May 2025
Next SEC filing: 24 Jul 2025
Source filing: View source filing
Reporting owner signature: /s/ Lynn Haaland, Attorney-in-Fact

Key filing fact

Kenneth L. Cornick filed Form 4 for Clear Secure, Inc. (YOU) on 30 May 2025.

Key facts

This page summarizes Kenneth L. Cornick's Form 4 filing for Clear Secure, Inc. (YOU).
5 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 30 May 2025, 16:28.

Change

Previous filing in this sequence was filed on 22 May 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001868811 Primary reporting owner

Cornick Kenneth L.

Relationship: Director, 10%+ Owner
Address: 85 10TH AVENUE, 9TH FLOOR, NEW YORK
Signature: /s/ Lynn Haaland, Attorney-in-Fact
Signature date: 30 May 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

YOU transaction

Class D Common Stock

Disposed to Issuer

Transaction value
Shares: -200,000
Change %: -4.9%
Price
Shares after: 3,849,978
Date: 28 May 2025
Ownership: See footnote
Footnotes: F1, F2, F3

YOU transaction

Class B Common Stock

Award

Transaction value
Shares: +200,000
Change %
Price
Shares after: 200,000
Date: 28 May 2025
Ownership: See footnote
Footnotes: F1, F3, F4

YOU transaction

Class B Common Stock

Disposed to Issuer

Transaction value
Shares: -200,000
Change %: -100%
Price
Shares after: 0
Date: 28 May 2025
Ownership: See footnote
Footnotes: F3, F4, F5

YOU transaction

Class A Common Stock

Award

Transaction value
Shares: +200,000
Change %: +134%
Price
Shares after: 349,093
Date: 28 May 2025
Ownership: See footnote
Footnotes: F3, F5

YOU holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 64,935
Date: 28 May 2025
Ownership: Direct

YOU holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 125,447
Date: 28 May 2025
Ownership: By Family Revocable Trust

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

YOU transaction Derivative

Non-voting common units of Alclear Holdings, LLC

Disposed to Issuer

Transaction value
Shares: -200,000
Change %: -4.9%
Price
Shares after: 3,849,978
Date: 28 May 2025
Ownership: See footnote
Underlying class: Class B Common Stock and Class A Common Stock
Underlying amount: 200,000
Exercise price
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Pursuant to the terms of the Exchange Agreement, dated June 29, 2021, by and among the Issuer, Alclear Holdings, LLC ("Alclear") and the equityholders of Alclear (the "Exchange Agreement"), non-voting common units of Alclear ("Common Units"), together with a corresponding number of shares of Class D common stock of the Issuer ("Class D Common Stock"), were exchanged for Class B common stock of the Issuer ("Class B Common Stock") on a one-for-one basis. The exchange rights under the Exchange Agreement do not expire.

Footnote F2

Shares of Class D Common Stock have 20 votes per share but no economic rights (including rights to dividends and distributions upon liquidation) and are issued in an equal amount to the number of Common Units of Alclear held.

Footnote 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.

Footnote F4

Shares of Class B Common Stock have 20 votes per share and economic rights (including rights to dividends and distributions upon liquidation).

Footnote F5

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.