Form 4 for YOU Clear Secure, Inc.
Accepted 2025-05-30 00:00:00 ET · period of report 2025-05-28 · accession 0001856314-25-000077 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2025-05-30 | 2025-05-28 | YOU | Alclear Investments II, LLC | Dir, 10%, See Remarks | D - Sale to Iss | — | -400.0K | 3.85M | -9% | — |
| DM | 2025-05-30 | 2025-05-28 | YOU | Alclear Investments II, LLC | Dir, 10%, See Remarks | A - Grant | — | +400.0K | 200.0K | New | — |
| D | 2025-05-30 | 2025-05-28 | YOU | Alclear Investments II, LLC | Dir, 10%, See Remarks | 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 | D | — | — | (F4) 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) Shares of Class B Common Stock have 20 votes per share and economic rights (including rights to dividends and distributions upon liquidation). |
| 2 | Common | Class A Common Stock | 2025-05-28 | A | A | 200,000 | — | 349,093 | D | — | — | (F4) 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. |
| 3 | Common | Class D Common Stock | 2025-05-28 | D | D | 200,000 | — | 3,849,978 | D | — | — | (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. |
| 4 | Common | Class B Common Stock | 2025-05-28 | A | A | 200,000 | — | 200,000 | D | — | — | (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. (F3) Shares of Class B Common Stock have 20 votes per share and economic rights (including rights to dividends and distributions upon liquidation). |
| 5 | Derivative | Non-voting common units of Alclear Holdings, LLC | 2025-05-28 | D | D | 200,000 | — | 3,849,978 | D | — · — 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. |