Alclear Investments, LLC, serving as both a director and a substantial 10% stakeholder in Clear Secure, Inc. (NASDAQ:YOU), has completely divested its holdings of Class A Common Stock. The transaction, finalized on June 16, 2026, involved the disposal of 3,153 shares, generating a total proceeds value of $167,203. The execution of this sale adhered to a weighted average price of $53.03 per share, with individual trade components fluctuating between $53.00 and $53.10. Crucially, this divestiture was facilitated under a Rule 10b5-1 trading plan, a mechanism previously established by the reporting entity on March 12, 2026, ensuring compliance with securities regulations regarding insider trading. Post-transaction, Alclear Investments, LLC no longer retains any Class A Common Stock in Clear Secure.
The liquidation of Class A shares is part of a broader, multi-step restructuring of equity positions undertaken by Alclear Investments. On June 17, 2026, the entity engaged in a series of related corporate actions. It disposed of 3,153 shares of Class D Common Stock and simultaneously acquired an equivalent number of Class B Common Stock. This exchange was executed pursuant to an Exchange Agreement, facilitating a one-for-one swap of non-voting common units of Alclear Holdings, LLC, alongside Class D Common Stock, for Class B Common Stock. The structural distinction between these share classes is significant: Class D Common Stock carries 20 votes per share but lacks economic rights, whereas Class B Common Stock also provides 20 votes per share but includes economic rights.
Concurrently, on June 17, 2026, 3,153 shares of Class B Common Stock were converted into Class A Common Stock on a one-for-one basis. These newly converted Class A shares were subsequently utilized to settle the sale transaction of Class A Common Stock originally reported on June 16, 2026. Following the completion of these conversions and exchanges, Alclear Investments, LLC directly holds 151,787 shares of Class B Common Stock and 18,627,093 non-voting common units of Alclear Holdings, LLC. This restructuring effectively alters the composition of its equity exposure, shifting from shares with direct economic rights attached to Class A to a mix of Class B shares and non-voting units.
The timing of this shareholder activity coincides with a period of strong financial performance and strategic expansion for Clear Secure. The company recently reported its fiscal Q1 2026 earnings, delivering results that exceeded analyst expectations. Clear Secure achieved an earnings per share of $0.38, surpassing the forecasted $0.31, and reported revenue of $253 million, which was higher than the anticipated $244.06 million. These results represent a 22.58% surprise in earnings, indicating a strong financial performance for the quarter. The stock has delivered a 52% return year-to-date, reflecting strong investor confidence in the biometric security company. On June 17, 2026, Alclear Investments, LLC engaged in several related transactions. The entity disposed of 3,153 shares of Class D Common Stock and acquired an equal number of Class B Common Stock. This exchange occurred pursuant to an Exchange Agreement, where non-voting common units of Alclear Holdings, LLC, along with Class D Common Stock, were exchanged for Class B Common Stock on a one-for-one basis. Class D Common Stock carries 20 votes per share but no economic rights, while Class B Common Stock also has 20 votes per share and includes economic rights. Concurrently on June 17, 2026, 3,153 shares of Class B Common Stock were converted into Class A Common Stock on a one-for-one basis. These newly converted Class A shares were then used to settle the sale transaction of Class A Common Stock reported on June 16, 2026. Following these conversions, Alclear Investments, LLC directly holds 151,787 shares of Class B Common Stock and 18,627,093 non-voting common units of Alclear Holdings, LLC.In other recent news, Clear Secure Inc. reported its fiscal Q1 2026 earnings, surpassing analysts’ expectations. The company achieved an earnings per share of $0.38, exceeding the forecasted $0.31, and reported revenue of $253 million, which was higher than the anticipated $244.06 million. These results represent a 22.58% surprise in earnings, indicating a strong financial performance for the quarter. 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 checkpoints, simplifying the identity verification process for travelers. In another development, Clear Secure launched its Concierge Powered by CLEAR service at Miami International Airport. This marks the first time the company’s concierge service is available to all travelers, not just CLEAR+ Members. The service offers personalized airport assistance, including baggage support and terminal guidance, enhancing the travel experience at Miami International Airport. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.Is YOU a bargain right now?The fastest way to find out is with our Fair Value calculator. We use a mix of 17 proven industry valuation models for maximum accuracy.Get the bottom line for YOU plus thousands of other stocks and find your next hidden gem with massive upside.Flash Sale - Price Goes Up Soon