Cornick Kenneth L.'s Form 4 filing
Clear Secure, Inc. (YOU) · filed Sep 12, 2024
- Accession no.
- 0000950142-24-002367
- Filed
- Sep 12, 2024
- Trade date
- Sep 10-12, 2024
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Checked
This filing lists 5 non-derivative transactions and 1 derivative transaction. Open-market sales total $12.4K. It was filed 2 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 |
|---|---|
| Cornick Kenneth L.CIK 0001868811 | Director, Officer (President & CFO), 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 |
|---|---|---|---|---|---|---|---|---|
| Sep 10, 2024 | Class A Common Stock | SSaleDisposed | −400 | $31.00 | −$12,400 | 0 | Indirect | |
| Sep 12, 2024 | Class D Common Stock | DReturned to the companyDisposed | −400 | –F5 | – | 5,939,023 | Indirect | |
| Sep 12, 2024 | Class B Common Stock | AGrant or awardAcquired | +400 | –F5 | – | 125,847 | Indirect | |
| Sep 12, 2024 | Class B Common Stock | DReturned to the companyDisposed | −400 | –F2 | – | 125,447 | Indirect | |
| Sep 12, 2024 | Class A Common Stock | AGrant or awardAcquired | +400 | –F2 | – | 0 | 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 |
|---|---|---|---|---|---|---|---|---|
| Sep 12, 2024 | Class B Common Stock and Class A Common Stock | DReturned to the companyDisposed | −400 | –F5 | – | 5,939,023 | 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.
- F2
Pursuant to the terms of the Issuer's Certificate of Incorporation, each share of Class B common stock of the Issuer ("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 sale transaction described above, and so after the transactions reported in this Form 4, no shares of Class A Common Stock are held.
Referenced by the price of 2 transactions in Table I.
- F5
Pursuant to the terms of the Exchange Agreement, dated June 29, 2021, by and among the Issuer, Alclear and the equityholders of Alclear (the "Exchange Agreement"), Common Units, together with a corresponding number of shares of Class D Common Stock, were exchanged for Class B Common Stock on a one-for-one basis. The exchange rights under the Exchange Agreement do not expire.
Referenced by the price of 2 transactions in Table I and 1 transaction in Table II.