Cornick Kenneth L.'s Form 4 filing
Clear Secure, Inc. (YOU) · filed May 16, 2025
- Accession no.
- 0001856314-25-000069
- Filed
- May 16, 2025
- Trade date
- May 14-16, 2025
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 10 non-derivative transactions and 2 derivative transactions. Open-market sales total $15.2M. 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, 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 |
|---|---|---|---|---|---|---|---|---|
| May 14, 2025 | Class A Common Stock | SSaleDisposed | −315,591 | $25.02F1 | −$7,896,086.82 | 0 | Indirect | Duplicate filing |
| May 16, 2025 | Class D Common Stock | DReturned to the companyDisposed | −315,591 | –F4 | – | 4,841,444 | Indirect | Duplicate filing |
| May 16, 2025 | Class B Common Stock | AGrant or awardAcquired | +315,591 | –F4 | – | 315,591 | Indirect | Duplicate filing |
| May 16, 2025 | Class B Common Stock | DReturned to the companyDisposed | −315,591 | –F2 | – | 0 | Indirect | Duplicate filing |
| May 16, 2025 | Class A Common Stock | AGrant or awardAcquired | +315,591 | –F2 | – | 0 | Indirect | Duplicate filing |
| May 15, 2025 | Class A Common Stock | SSaleDisposed | −291,466 | $25.05F7 | −$7,301,223.3 | 0 | Indirect | Duplicate filing |
| May 16, 2025 | Class D Common Stock | DReturned to the companyDisposed | −291,466 | –F4 | – | 4,549,978 | Indirect | Duplicate filing |
| May 16, 2025 | Class B Common Stock | AGrant or awardAcquired | +291,466 | –F4 | – | 291,466 | Indirect | Duplicate filing |
| May 16, 2025 | Class B Common Stock | DReturned to the companyDisposed | −291,466 | –F2 | – | 0 | Indirect | Duplicate filing |
| May 16, 2025 | Class A Common Stock | AGrant or awardAcquired | +291,466 | –F2 | – | 0 | Indirect | Duplicate filing |
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 |
|---|---|---|---|---|---|---|---|---|
| May 16, 2025 | Class B Common Stock and Class A Common Stock | DReturned to the companyDisposed | −315,591 | –F4 | – | 4,841,444 | Indirect | Duplicate filing |
| May 16, 2025 | Class B Common Stock and Class A Common Stock | DReturned to the companyDisposed | −291,466 | –F4 | – | 4,549,978 | Indirect | Duplicate filing |
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
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $25.00 to $25.10, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, and the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
Referenced by the price of 1 transaction in Table I.
- 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 each of the sale transactions described in this Form 4, and so after the transactions reported in this Form 4, no shares of Class A Common Stock are held.
Referenced by the price of 4 transactions in Table I.
- F4
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 4 transactions in Table I and 2 transactions in Table II.
- F7
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $25.00 to $25.20, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, and the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
Referenced by the price of 1 transaction in Table I.