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STOCK TITAN

[Form 4] Clear Secure, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Clear Secure, Inc. (YOU) � Form 4 insider filing: Director Peter Scher received 5,636 Class A shares on 1 Aug 2025 at $0 per share upon vesting of an equal number of restricted stock units (RSUs). The share issuance is part of a three-year RSU schedule: one-third vested on 1 Aug 2025, with the remaining thirds scheduled for 1 Aug 2026 and 1 Aug 2027, conditional on continued service. After the transaction, Scher directly owns 5,636 shares and retains 11,272 unvested RSUs. No shares were sold and no cash transactions occurred, so there is no immediate impact on the company’s cash flows or share count beyond the standard dilution from equity compensation.

Clear Secure, Inc. (YOU) � Comunicazione interna Form 4: Il direttore Peter Scher ha ricevuto 5.636 azioni di Classe A il 1° agosto 2025 a 0 $ per azione in seguito al consolidamento di un pari numero di unità azionarie vincolate (RSU). L'emissione delle azioni fa parte di un piano triennale di RSU: un terzo è stato consolidato il 1° agosto 2025, mentre i restanti due terzi sono previsti per il 1° agosto 2026 e il 1° agosto 2027, a condizione che il servizio continui. Dopo questa operazione, Scher possiede direttamente 5.636 azioni e mantiene 11.272 RSU non consolidate. Non sono state vendute azioni né effettuate transazioni in contanti, quindi non vi è alcun impatto immediato sui flussi di cassa della società o sul numero di azioni, oltre alla diluizione standard derivante dalla compensazione azionaria.

Clear Secure, Inc. (YOU) � Declaración interna Formulario 4: El director Peter Scher recibió 5.636 acciones Clase A el 1 de agosto de 2025 a $0 por acción tras la consolidación de un número igual de unidades de acciones restringidas (RSU). La emisión de acciones forma parte de un plan de RSU a tres años: un tercio consolidado el 1 de agosto de 2025, con los dos tercios restantes programados para el 1 de agosto de 2026 y el 1 de agosto de 2027, condicionado a la continuidad del servicio. Tras la transacción, Scher posee directamente 5.636 acciones y mantiene 11.272 RSU no consolidadas. No se vendieron acciones ni hubo transacciones en efectivo, por lo que no hay impacto inmediato en los flujos de caja de la empresa ni en el número de acciones, más allá de la dilución estándar por compensación en acciones.

Clear Secure, Inc. (YOU) � 내부� 신고� Form 4: 이사 Peter Scher� 2025� 8� 1일에 동일� 수의 제한 주식 단위(RSU)� 권리 확정� 따라 5,636 클래� A 주식� 주당 $0� 받았습니�. � 주식 발행은 3년간� RSU 일정� 일부�, 2025� 8� 1일에 3분의 1� 권리 확정되었으며, 나머지 3분의 2� 2026� 8� 1일과 2027� 8� 1일에 계속 근무 조건 하에 권리 확정� 예정입니�. 거래 � Scher� 직접 5,636 주식� 보유하고 있으� 11,272개의 권리 미확� RSU� 유지하고 있습니다. 주식 매각이나 현금 거래� 없었으므�, 회사� 현금 흐름이나 주식 수에� 즉각적인 영향� 없으�, 주식 보상으로 인한 표준 희석 효과� 발생합니�.

Clear Secure, Inc. (YOU) � Déclaration d’initié Formulaire 4 : Le directeur Peter Scher a reçu 5 636 actions de Classe A le 1er août 2025 à 0 $ par action lors de l’acquisition d’un nombre équivalent d’unités d’actions restreintes (RSU). L’émission des actions fait partie d’un calendrier RSU sur trois ans : un tiers acquis le 1er août 2025, les deux tiers restants prévus pour le 1er août 2026 et le 1er août 2027, sous condition de maintien du service. Après la transaction, Scher détient directement 5 636 actions et conserve 11 272 RSU non acquises. Aucune action n’a été vendue et aucune transaction en espèces n’a eu lieu, il n’y a donc pas d’impact immédiat sur les flux de trésorerie de la société ni sur le nombre d’actions, hormis la dilution standard liée à la rémunération en actions.

Clear Secure, Inc. (YOU) � Insider-Meldung Form 4: Direktor Peter Scher erhielt am 1. August 2025 5.636 Class A Aktien zu 0 $ pro Aktie bei der Vesting von gleich vielen Restricted Stock Units (RSUs). Die Aktienausgabe ist Teil eines dreijährigen RSU-Plans: Ein Drittel wurde am 1. August 2025 freigegeben, die restlichen Drittel sind für den 1. August 2026 und 1. August 2027 vorgesehen, abhängig von fortgesetzter Dienstzeit. Nach der Transaktion besitzt Scher direkt 5.636 Aktien und hält 11.272 nicht freigegebene RSUs. Es wurden keine Aktien verkauft und keine Bartransaktionen durchgeführt, daher gibt es keine unmittelbaren Auswirkungen auf den Cashflow oder die Aktienanzahl des Unternehmens, abgesehen von der üblichen Verwässerung durch Aktienvergütung.

Positive
  • Director equity alignment: Vesting adds 5,636 shares to insider’s direct ownership, modestly increasing skin-in-the-game through 2027.
Negative
  • None.

Insights

TL;DR: Routine RSU vest; director now holds 5.6k shares, 11.3k RSUs; negligible dilution, neutral signal.

The Form 4 discloses automatic conversion of RSUs into Class A shares for board member Peter Scher. The M code indicates a non-discretionary vesting event rather than an open-market buy, so it does not necessarily signal bullish sentiment. The stake—roughly 0.01% of the 149 m shares outstanding—is immaterial and results in de minimis dilution. Remaining unvested RSUs extend through 2027, aligning director incentives with long-term performance. Overall, the filing is routine and non-impactful.

TL;DR: Standard equity comp aligns director interests; no governance red flags.

The staggered three-year vesting schedule promotes board continuity and long-term alignment, typical for tech-enabled service firms like Clear Secure. No accelerated vesting or unusual option pricing is evident. The attorney-in-fact signature signals proper delegation. From a governance standpoint, this is standard practice with no adverse implications.

Clear Secure, Inc. (YOU) � Comunicazione interna Form 4: Il direttore Peter Scher ha ricevuto 5.636 azioni di Classe A il 1° agosto 2025 a 0 $ per azione in seguito al consolidamento di un pari numero di unità azionarie vincolate (RSU). L'emissione delle azioni fa parte di un piano triennale di RSU: un terzo è stato consolidato il 1° agosto 2025, mentre i restanti due terzi sono previsti per il 1° agosto 2026 e il 1° agosto 2027, a condizione che il servizio continui. Dopo questa operazione, Scher possiede direttamente 5.636 azioni e mantiene 11.272 RSU non consolidate. Non sono state vendute azioni né effettuate transazioni in contanti, quindi non vi è alcun impatto immediato sui flussi di cassa della società o sul numero di azioni, oltre alla diluizione standard derivante dalla compensazione azionaria.

Clear Secure, Inc. (YOU) � Declaración interna Formulario 4: El director Peter Scher recibió 5.636 acciones Clase A el 1 de agosto de 2025 a $0 por acción tras la consolidación de un número igual de unidades de acciones restringidas (RSU). La emisión de acciones forma parte de un plan de RSU a tres años: un tercio consolidado el 1 de agosto de 2025, con los dos tercios restantes programados para el 1 de agosto de 2026 y el 1 de agosto de 2027, condicionado a la continuidad del servicio. Tras la transacción, Scher posee directamente 5.636 acciones y mantiene 11.272 RSU no consolidadas. No se vendieron acciones ni hubo transacciones en efectivo, por lo que no hay impacto inmediato en los flujos de caja de la empresa ni en el número de acciones, más allá de la dilución estándar por compensación en acciones.

Clear Secure, Inc. (YOU) � 내부� 신고� Form 4: 이사 Peter Scher� 2025� 8� 1일에 동일� 수의 제한 주식 단위(RSU)� 권리 확정� 따라 5,636 클래� A 주식� 주당 $0� 받았습니�. � 주식 발행은 3년간� RSU 일정� 일부�, 2025� 8� 1일에 3분의 1� 권리 확정되었으며, 나머지 3분의 2� 2026� 8� 1일과 2027� 8� 1일에 계속 근무 조건 하에 권리 확정� 예정입니�. 거래 � Scher� 직접 5,636 주식� 보유하고 있으� 11,272개의 권리 미확� RSU� 유지하고 있습니다. 주식 매각이나 현금 거래� 없었으므�, 회사� 현금 흐름이나 주식 수에� 즉각적인 영향� 없으�, 주식 보상으로 인한 표준 희석 효과� 발생합니�.

Clear Secure, Inc. (YOU) � Déclaration d’initié Formulaire 4 : Le directeur Peter Scher a reçu 5 636 actions de Classe A le 1er août 2025 à 0 $ par action lors de l’acquisition d’un nombre équivalent d’unités d’actions restreintes (RSU). L’émission des actions fait partie d’un calendrier RSU sur trois ans : un tiers acquis le 1er août 2025, les deux tiers restants prévus pour le 1er août 2026 et le 1er août 2027, sous condition de maintien du service. Après la transaction, Scher détient directement 5 636 actions et conserve 11 272 RSU non acquises. Aucune action n’a été vendue et aucune transaction en espèces n’a eu lieu, il n’y a donc pas d’impact immédiat sur les flux de trésorerie de la société ni sur le nombre d’actions, hormis la dilution standard liée à la rémunération en actions.

Clear Secure, Inc. (YOU) � Insider-Meldung Form 4: Direktor Peter Scher erhielt am 1. August 2025 5.636 Class A Aktien zu 0 $ pro Aktie bei der Vesting von gleich vielen Restricted Stock Units (RSUs). Die Aktienausgabe ist Teil eines dreijährigen RSU-Plans: Ein Drittel wurde am 1. August 2025 freigegeben, die restlichen Drittel sind für den 1. August 2026 und 1. August 2027 vorgesehen, abhängig von fortgesetzter Dienstzeit. Nach der Transaktion besitzt Scher direkt 5.636 Aktien und hält 11.272 nicht freigegebene RSUs. Es wurden keine Aktien verkauft und keine Bartransaktionen durchgeführt, daher gibt es keine unmittelbaren Auswirkungen auf den Cashflow oder die Aktienanzahl des Unternehmens, abgesehen von der üblichen Verwässerung durch Aktienvergütung.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Scher Peter

(Last) (First) (Middle)
85 10TH AVE., 9TH FLOOR

(Street)
NEW YORK NY 10011

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Clear Secure, Inc. [ YOU ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 08/01/2025 A 5,636 A $0(1) 5,636 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 08/01/2025 M 5,636 (1) (1) Class A Common Stock 5,636 $0 11,272 D
Explanation of Responses:
1. This transaction reflects the issuance of shares following the vesting of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive a share of Class A Common Stock of the Issuer, generally subject to the reporting person's continued service. One-third of the RSUs vested on August 1, 2025, one-third of the RSUs will vest on August 1, 2026 and one-third of the RSUs will vest on August 1, 2027.
Remarks:
/s/ Emma Barnett Bauman, Attorney-in-Fact 08/04/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Clear Secure (YOU) shares did Director Peter Scher acquire?

He received 5,636 Class A shares upon RSU vesting on 1 Aug 2025.

Was the transaction an open-market purchase?

No. It was an automatic RSU conversion (code M) at $0 per share, not an optional buy.

How many RSUs does the director still hold after the filing?

Scher retains 11,272 unvested RSUs scheduled to vest equally in 2026 and 2027.

Does this filing materially affect Clear Secure’s share count?

Dilution is immaterial—only 5,636 new shares relative to roughly 149 million outstanding.

What is the vesting schedule for the remaining RSUs?

One-third vests on 1 Aug 2026 and the final third on 1 Aug 2027, subject to continued service.
Clear Secure Inc

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2.68B
83.49M
9.16%
108.46%
20.66%
Software - Application
Services-prepackaged Software
United States
NEW YORK