Alclear Investments, LLC

Alclear Investments, LLC has reported 54 Form 4 transactions, all concentrated in a single issuer, Clear Secure, Inc. (YOU). The aggregate pattern is decisively one-sided: the firm has recorded $71.5 million in open-market sales and zero open-market purchases, with no acquisitions of any kind. This selling bias is consistent across the recent filing window, where eight of the last eight trades were sales, and it extends back through late June and mid-July 2026. The most recent cluster of activity, spanning July 13–15, 2026, shows a steady stream of dispositions. On July 15, Alclear sold shares worth $70,213 and $1.46 million; on July 14, it sold $6.44 million; and on July 13, it executed three separate sales totaling approximately $5.38 million. These follow a $10.46 million sale on June 24 and a $1.82 million sale on June 25. The dollar values are substantial, with individual transactions ranging from roughly $40,000 to over $10 million, indicating large block disposals rather than incremental trimming. Interspersed with the sales are non-discretionary filings—option exercises (code M), grants (code A), conversions (code C), and shares withheld for taxes (code F)—all recorded at zero dollar value. These are mechanical events that do not reflect an investment decision. The July 2 filing, for instance, includes a $2.27 million tax-withholding transaction alongside option exercises and conversions. The absence of any open-market purchases (code P) throughout the entire filing history, combined with the sustained volume of sales, points to a clear directional bias: Alclear has been a consistent net seller of YOU shares, with no recent indication of accumulation.