InsiderTrades

Form 4 for YOU Clear Secure, Inc.

Accepted 2024-09-12 00:00:00 ET · period of report 2024-09-10 · accession 0000950142-24-002367 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X Filed Traded Ticker Insider Title Type Price Qty Owned ΔOwn Value
DI 2024-09-12 2024-09-10 YOU Cornick Kenneth L. Pres, CFO, Dir, 10% S - Sale $31.00 -400 0 -100% -$12.4K
DMI 2024-09-12 2024-09-12 YOU Cornick Kenneth L. Pres, CFO, Dir, 10% D - Sale to Iss — -800 125.4K -0.6% —
DMI 2024-09-12 2024-09-12 YOU Cornick Kenneth L. Pres, CFO, Dir, 10% A - Grant — +800 125.8K +0.6% —
DI 2024-09-12 2024-09-12 YOU Cornick Kenneth L. Pres, CFO, Dir, 10% D - Sale to Iss — -400 5.94M -0.0% —

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#TableSecurityDateCodeA/DSharesPriceOwned afterOwnExercise / expiryUnderlyingFootnotes
1 Common Class A Common Stock 2024-09-10 S D 400 $31.00 0 I See footnote — — (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. (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.
2 Common Class D Common Stock 2024-09-12 D D 400 — 5,939,023 I See footnote — — (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. (F4) Shares of Class D Common Stock of the Issuer ("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 non-voting common units ("Common Units") of Alclear Holdings, LLC ("Alclear") held. (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.
3 Common Class A Common Stock 2024-09-12 A A 400 — 0 I See footnote — — (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. (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.
4 Common Class B Common Stock 2024-09-12 D D 400 — 125,447 I See footnote — — (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. (F6) Shares of Class B Common Stock have 20 votes per share and economic rights (including rights to dividends and distributions upon liquidation). (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.
5 Common Class B Common Stock 2024-09-12 A A 400 — 125,847 I See footnote — — (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. (F6) Shares of Class B Common Stock have 20 votes per share and economic rights (including rights to dividends and distributions upon liquidation). (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.
6 Derivative Non-voting common units of Alclear Holdings, LLC 2024-09-12 D D 400 — 5,939,023 I See footnote — · — to — 400 Class B Common Stock and Class A Common Stock (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. (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.