| Item 1. | |
| (a) | Name of issuer:
Clear Secure, Inc. |
| (b) | Address of issuer's principal executive offices:
85 10th Avenue, 9th Floor, New York, New York, 10011 |
| Item 2. | |
| (a) | Name of person filing:
This statement is being filed on behalf of each of the following persons (each, a "reporting person" and, collectively, the "reporting persons"):
(1) Alclear Investments II, LLC
(2) Kenneth L. Cornick |
| (b) | Address or principal business office or, if none, residence:
The principal business address for each of the reporting persons is:
c/o Alclear Investments II, LLC
85 10th Avenue, 9th Floor
New York, New York 10011 |
| (c) | Citizenship:
Alclear Investments II, LLC is a Delaware limited liability company. Mr. Cornick is a United States citizen. |
| (d) | Title of class of securities:
Class A common stock, par value $0.00001 per share |
| (e) | CUSIP No.:
18467V109 |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) |  Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
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| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| | |
| Item 4. | Ownership |
| (a) | Amount beneficially owned:
Alclear Investments, LLC 3,956,826 (1)(2)
Kenneth L. Cornick 3,956,826 (1)(2)
(1) Represents shares of 3,956,826 Class A common stock, par value $0.00001 per share ("Class A Common Stock"), of Clear Secure, Inc. (the "Issuer") comprised of (x) 190,382 shares of Class A Common Stock directly held by the reporting person and (y) 3,766,444 shares of Class A Common Stock issuable to the reporting person at any time upon the exchange of 3,766,444 non-voting common units of Alclear Holdings, LLC ("Alclear Units" and "Alclear," respectively), together with an equal number of shares of Class C common stock, par value $0.00001 per share ("Class C Common Stock") of the Issuer, on a one-for-one basis.
(2) Pursuant to the terms of the Exchange Agreement, dated June 29, 2021, by and among the Issuer, Alclear and the equityholders of Alclear (including Alclear Investments II, LLC), Alclear Units, together with an equal number of shares of Class C Common Stock, may be exchanged for, at the Issuer's option, (i) shares of Class A Common Stock, as applicable, on a one-for-one basis, or (ii) cash from a substantially concurrent public offering or private sale of shares of Class A Common Stock (based on the market price of the Class A Common Stock in such public offering or private sale). The exchange rights under the Exchange Agreement do not expire. |
| (b) | Percent of class:
Alclear Investments II, LLC 4.2%
Kenneth L. Cornick 4.2%
The percentages are based on 95,330,547 shares of Common Stock outstanding as of July 31, 2025, as reported in the Issuer's quarterly report on Form 10-Q filed on August 5, 2025. |
| (c) | Number of shares as to which the person has:
|
| | (i) Sole power to vote or to direct the vote:
3,956,826
|
| | (ii) Shared power to vote or to direct the vote:
0
|
| | (iii) Sole power to dispose or to direct the disposition of:
3,956,826
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| | (iv) Shared power to dispose or to direct the disposition of:
0
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| Item 5. | Ownership of 5 Percent or Less of a Class. |
| | 
Ownership of 5 percent or less of a class
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| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
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Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
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Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. |
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Not Applicable
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| Item 9. | Notice of Dissolution of Group. |
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Not Applicable
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