General Atlantic, L.P.'s Form 4 filing
Clear Secure, Inc. (YOU) · filed Jan 30, 2023
- Accession no.
- 0000950142-23-000232
- Filed
- Jan 30, 2023, 9:38 PM ET
- Trade date
- Jan 26, 2023
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 2 non-derivative transactions and 1 derivative transaction. Open-market sales total $52.2M. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| General Atlantic, L.P.CIK 0001017645 | 10% Owner |
| Gap Coinvestments III, LLCCIK 0001282203 | 10% Owner |
| Gap Coinvestments IV, LLCCIK 0001282372 | 10% Owner |
| GAP (Bermuda) L.P.CIK 0001406817 | 10% Owner |
| General Atlantic Genpar, L.P.CIK 0001467926 | 10% Owner |
| General Atlantic Genpar (Bermuda), L.P.CIK 0001467927 | 10% Owner |
| General Atlantic (SPV) GP, LLCCIK 0001793940 | 10% Owner |
| GAP Coinvestments V, LLCCIK 0001793941 | 10% Owner |
| General Atlantic GenPar (Lux) SCSpCIK 0001857517 | 10% Owner |
| General Atlantic (ALC), L.P.CIK 0001870511 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jan 26, 2023 | Class A common stock | JOtherAcquired | +724,658 | –F1 | – | 6,662,472 | Indirect | |
| Jan 26, 2023 | Class A common stock | SSaleDisposed | −1,801,352 | $29.00 | −$52,239,208 | 4,861,120 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jan 26, 2023 | Class A common stock | JOtherDisposed | −724,658 | –F1 | – | 2,931,540 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Pursuant to the Exchange Agreement, dated as of June 29, 2021, by and among the (the "Issuer"), Alclear Holdings, LLC ("Alclear"), General Atlantic (AC) Collections, L.P. ("GA AC Collections") and the other parties thereto, the reporting person may exchange shares of Class C common stock (together with an equal number of common units of Alclear ("Alclear Units")) for shares of Class A common stock of the Issuer, on a one-for-one basis, in accordance with the terms and subject to the restrictions set forth in the Exchange Agreement. The exchange rights under the Exchange Agreement do not expire.
Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.
Remarks
The reporting persons may be deemed to be members of a "group" for the purposes of the Securities Exchange Act of 1934. Each reporting person disclaims beneficial ownership of any securities deemed to be owned by the group that are not directly owned by the reporting person. This report shall not be deemed an admission that the reporting persons are a member of a group or the beneficial owner of any securities not directly owned by the reporting person. // Form 1 of 3