Form 4 for YOU Clear Secure, Inc.
Accepted 2025-05-30 00:00:00 ET · period of report 2025-05-28 · accession 0001856314-25-000076 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2025-05-30 | 2025-05-28 | YOU | Cornick Kenneth L. | Dir, 10% | D - Sale to Iss | — | -400.0K | 3.85M | -9% | — |
| DMI | 2025-05-30 | 2025-05-28 | YOU | Cornick Kenneth L. | Dir, 10% | A - Grant | — | +400.0K | 349.1K | New | — |
| DI | 2025-05-30 | 2025-05-28 | YOU | Cornick Kenneth L. | Dir, 10% | D - Sale to Iss | — | -200.0K | 3.85M | -5% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class B Common Stock | 2025-05-28 | D | D | 200,000 | — | 0 | I See footnote | — | — | (F4) Shares of Class B Common Stock have 20 votes per share and economic rights (including rights to dividends and distributions upon liquidation). (F5) Pursuant to the terms of the Issuer's Certificate of Incorporation, each share of 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. (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 B Common Stock | 2025-05-28 | A | A | 200,000 | — | 200,000 | I See footnote | — | — | (F1) Pursuant to the terms of the Exchange Agreement, dated June 29, 2021, by and among the Issuer, Alclear Holdings, LLC ("Alclear") and the equityholders of Alclear (the "Exchange Agreement"), non-voting common units of Alclear ("Common Units"), together with a corresponding number of shares of Class D common stock of the Issuer ("Class D Common Stock"), were exchanged for Class B common stock of the Issuer ("Class B Common Stock") on a one-for-one basis. The exchange rights under the Exchange Agreement do not expire. (F4) 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. |
| 3 | Common | Class D Common Stock | 2025-05-28 | D | D | 200,000 | — | 3,849,978 | I See footnote | — | — | (F1) Pursuant to the terms of the Exchange Agreement, dated June 29, 2021, by and among the Issuer, Alclear Holdings, LLC ("Alclear") and the equityholders of Alclear (the "Exchange Agreement"), non-voting common units of Alclear ("Common Units"), together with a corresponding number of shares of Class D common stock of the Issuer ("Class D Common Stock"), were exchanged for Class B common stock of the Issuer ("Class B Common Stock") on a one-for-one basis. The exchange rights under the Exchange Agreement do not expire. (F2) Shares of 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 Common Units of 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. |
| 4 | Common | Class A Common Stock | 2025-05-28 | A | A | 200,000 | — | 349,093 | I See footnote | — | — | (F5) Pursuant to the terms of the Issuer's Certificate of Incorporation, each share of 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. (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 | Derivative | Non-voting common units of Alclear Holdings, LLC | 2025-05-28 | D | D | 200,000 | — | 3,849,978 | I See footnote | — · — to — | 200,000 Class B Common Stock and Class A Common Stock | (F1) Pursuant to the terms of the Exchange Agreement, dated June 29, 2021, by and among the Issuer, Alclear Holdings, LLC ("Alclear") and the equityholders of Alclear (the "Exchange Agreement"), non-voting common units of Alclear ("Common Units"), together with a corresponding number of shares of Class D common stock of the Issuer ("Class D Common Stock"), were exchanged for Class B common stock of the Issuer ("Class B Common Stock") on a one-for-one basis. The exchange rights under the Exchange Agreement do not expire. (F2) Shares of 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 Common Units of 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. |