Insider Trading June 25, 2026 08:46 PM

Clear Secure Executive Unloads $11.3M in Stock Under Pre-Arranged Plan

CEO Caryn Seidman Becker executes multi-day sales of Class A shares while company posts strong Q1 results and expands digital identity partnerships.

By Leila Farooq
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Caryn Seidman Becker, Chief Executive Officer of Clear Secure Inc. (NASDAQ: YOU), recently completed a series of share sales totaling approximately $11.3 million. The transactions involved 212,538 shares of Class A Common Stock and were executed under a Rule 10b5-1 trading plan adopted by Alclear Investments, LLC. The weighted average prices for these sales ranged from $53.13 to $53.21 per share. The stock currently trades at $53.16, near the transaction prices, though InvestingPro analysis suggests the shares are slightly overvalued relative to its Fair Value estimate. Despite this insider sale, the stock has delivered exceptional returns of 98% over the past year. On June 23, 2026, Ms. Seidman Becker, through Alclear Investments, LLC, disposed of 15,962 shares of Class A Common Stock at a weighted average price of $53.13 per share. These shares were sold in multiple transactions with prices ranging from $53.00 to $53.44. Subsequently, on June 24, 2026, an additional 196,576 shares of Class A Common Stock were sold at a weighted average price of $53.21 per share. These shares were sold in multiple transactions with prices ranging from $53.00 to $53.76. Both sales were automatically effected pursuant to a Rule 10b5-1 trading plan adopted by Alclear Investments, LLC on March 12, 2026. Ms. Seidman Becker controls Alclear Investments, LLC as its sole manager, holding dispositive and voting control over the shares. The timing of these sales comes as Clear Secure trades at a high earnings multiple with a P/E ratio of 42.5, according to InvestingPro data. The company, valued at $7.08 billion, has demonstrated strong momentum with a 50% gain over the past six months. Prior to these sales, a series of internal reclassifications took place. On June 24, 2026, 15,962 non-voting common units of Alclear Holdings, LLC, along with a corresponding number of Class D Common Stock shares, were exchanged for Class B Common Stock on a one-for-one basis. Immediately following this, the Class B Common Stock converted into Class A Common Stock, which was then used to settle the sale transaction. A similar set of exchanges and conversions occurred on June 25, 2026, involving 196,576 non-voting common units of Alclear Holdings, LLC and Class D Common Stock, which were exchanged for Class B Common Stock and subsequently converted to Class A Common Stock. Shares of Class D Common Stock carry 20 votes per share but no economic rights, while Class B Common Stock shares carry 20 votes per share and economic rights. The exchange rights for common units and Class D Common Stock for Class B Common Stock do not expire. After these transactions, no shares of Class A Common Stock resulting from these conversions are held by Alclear Investments, LLC. Ms. Seidman Becker directly holds 238,365 shares of Class A Common Stock following the reported transactions. In other recent news, Clear Secure Inc. reported its fiscal Q1 2026 earnings, exceeding analysts’ expectations with an earnings per share (EPS) of $0.38, compared to the forecasted $0.31. The company also surpassed revenue projections, posting $253 million against the anticipated $244.06 million. Additionally, Clear Secure announced a partnership with Samsung Electronics America to integrate its identity verification platform into Samsung Wallet. This collaboration allows U.S. passport holders to create and store a TSA-approved digital ID for use at over 250 Transportation Security Administration checkpoints. Furthermore, Clear Secure launched a new service at Miami International Airport called Concierge Powered by CLEAR, offering personalized airport assistance to all travelers, not just CLEAR+ Members. This development marks the first time the company’s concierge service is available to all passengers at any location. These recent developments highlight Clear Secure’s ongoing efforts to expand its services and partnerships.

Clear Secure Executive Unloads $11.3M in Stock Under Pre-Arranged Plan
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Key Points

  • CEO Caryn Seidman Becker executed a Rule 10b5-1 plan to sell 212,538 shares of Class A Common Stock for approximately $11.3 million between June 23 and June 25, 2026.
  • The transaction involved complex internal reclassifications of non-voting common units and Class D Common Stock into Class A shares, with no remaining Class A shares held by Alclear Investments, LLC post-transaction.
  • Clear Secure reported strong fiscal Q1 2026 results, beating EPS and revenue estimates, while expanding its digital identity services through a Samsung Wallet partnership and a new Miami airport concierge offering.

Caryn Seidman Becker, Chief Executive Officer of Clear Secure Inc. (NASDAQ: YOU), recently completed a series of share sales totaling approximately $11.3 million. The transactions involved 212,538 shares of Class A Common Stock and were executed under a Rule 10b5-1 trading plan adopted by Alclear Investments, LLC. The weighted average prices for these sales ranged from $53.13 to $53.21 per share. The stock currently trades at $53.16, near the transaction prices, though InvestingPro analysis suggests the shares are slightly overvalued relative to its Fair Value estimate. Despite this insider sale, the stock has delivered exceptional returns of 98% over the past year.


On June 23, 2026, Ms. Seidman Becker, through Alclear Investments, LLC, disposed of 15,962 shares of Class A Common Stock at a weighted average price of $53.13 per share. These shares were sold in multiple transactions with prices ranging from $53.00 to $53.44.


Subsequently, on June 24, 2026, an additional 196,576 shares of Class A Common Stock were sold at a weighted average price of $53.21 per share. These shares were sold in multiple transactions with prices ranging from $53.00 to $53.76. Both sales were automatically effected pursuant to a Rule 10b5-1 trading plan adopted by Alclear Investments, LLC on March 12, 2026. Ms. Seidman Becker controls Alclear Investments, LLC as its sole manager, holding dispositive and voting control over the shares.


The timing of these sales comes as Clear Secure trades at a high earnings multiple with a P/E ratio of 42.5, according to InvestingPro data. The company, valued at $7.08 billion, has demonstrated strong momentum with a 50% gain over the past six months. Prior to these sales, a series of internal reclassifications took place. On June 24, 2026, 15,962 non-voting common units of Alclear Holdings, LLC, along with a corresponding number of Class D Common Stock shares, were exchanged for Class B Common Stock on a one-for-one basis. Immediately following this, the Class B Common Stock converted into Class A Common Stock, which was then used to settle the sale transaction.


A similar set of exchanges and conversions occurred on June 25, 2026, involving 196,576 non-voting common units of Alclear Holdings, LLC and Class D Common Stock, which were exchanged for Class B Common Stock and subsequently converted to Class A Common Stock. Shares of Class D Common Stock carry 20 votes per share but no economic rights, while Class B Common Stock shares carry 20 votes per share and economic rights. The exchange rights for common units and Class D Common Stock for Class B Common Stock do not expire. After these transactions, no shares of Class A Common Stock resulting from these conversions are held by Alclear Investments, LLC. Ms. Seidman Becker directly holds 238,365 shares of Class A Common Stock following the reported transactions.


In other recent news, Clear Secure Inc. reported its fiscal Q1 2026 earnings, exceeding analysts’ expectations with an earnings per share (EPS) of $0.38, compared to the forecasted $0.31. The company also surpassed revenue projections, posting $253 million against the anticipated $244.06 million. Additionally, Clear Secure announced a partnership with Samsung Electronics America to integrate its identity verification platform into Samsung Wallet. This collaboration allows U.S. passport holders to create and store a TSA-approved digital ID for use at over 250 Transportation Security Administration checkpoints. Furthermore, Clear Secure launched a new service at Miami International Airport called Concierge Powered by CLEAR, offering personalized airport assistance to all travelers, not just CLEAR+ Members. This development marks the first time the company’s concierge service is available to all passengers at any location. These recent developments highlight Clear Secure’s ongoing efforts to expand its services and partnerships.

Risks

  • The stock trades at a high P/E ratio of 42.5, which may indicate valuation sensitivity despite recent price momentum.
  • The executive’s share sales, while executed under a pre-arranged plan, occur against a backdrop of elevated earnings multiples, potentially highlighting near-term valuation pressure.
  • The integration of identity verification into Samsung Wallet and expansion of airport concierge services introduce execution risks in a competitive digital identity and travel security market.

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