General Atlantic, L.P. - Jul 2, 2021 Form 4 Insider Report for Clear Secure, Inc. (YOU)

Role
10%+ Owner
Signature
/s/ J. Frank Brown
Stock symbol
YOU
Transactions as of
Jul 2, 2021
Transactions value $
$9,300,000
Form type
4
Date filed
7/7/2021, 04:20 PM
Previous filing
Jun 30, 2021
Next filing
Aug 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction YOU Class A common stock Award $9.3M +300K +3.34% $31.00 9.29M Jul 2, 2021 See footnote F1, F2, F3, F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Class A common stock of Clear Secure, Inc. (the "Issuer"), were acquired by General Atlantic (ALC), L.P., a Delaware limited partnership ("GA ALC") in connection with the initial public offering of the Issuer which closed on July 2, 2021.
F2 Reflects 300,000 shares of Class A common stock held directly by GA ALC, 182,074 shares of Class A common stock held directly by GAPCO AIV Interholdco (AC), L.P., a Delaware limited partnership ("GA AIV Interholdco") and 8,802,939 shares of Class A common stock held directly by GAPCO AIV 1-B Interholdco (AC), L.P., a Delaware limited partnership ("GA AIV B Interholdco").
F3 The limited partners of GA ALC are the following investment funds (the "GA Funds"): General Atlantic Partners 100, L.P., a Delaware limited partnership ("GAP 100"), General Atlantic Partners (Bermuda) EU, L.P., a Bermuda limited partnership ("GAP Bermuda EU"), General Atlantic Partners (Lux) SCSp, a Luxembourg special limited partnership ("GAP Lux"), GAP Coinvestments CDA, L.P., a Delaware limited partnership ("GAPCO CDA"), GAP Coinvestments III, LLC, a Delaware limited liability company ("GAPCO III"), GAP Coinvestments IV, LLC, a Delaware limited liability company ("GAPCO IV"), and GAP Coinvestments V, LLC, a Delaware limited liability company ("GAPCO V").
F4 The members of GA AIV Interholdco, GA AIV B Interholdco, General Atlantic (AC) Collections 2, L.P. ("GA AC 2") (which directly holds 1,027,613 shares of Class C common stock of the Issuer), and General Atlantic (AC) Collections, L.P. ("GA AC") (which directly holds 4,881,386 shares of Class C common stock of the Issuer) are General Atlantic Partners AIV (AC), L.P., a Delaware Partnership ("GA Partners AIV"), GAPCO AIV Holdings, L.P., a Delaware limited partnership ("GAPCO AIV"), General Atlantic Partners AIV 1-A, L.P., a Delaware limited partnership ("GAP AIV 1-A"), General Atlantic Partners AIV-1-B, L.P., a Delaware limited partnership ("GAP AIV 1-B"), GAPCO CDA, GAPCO III, GAPCO IV, and GAPCO V. The general partner of GA Partners AIV is General Atlantic GenPar (AC), L.P., a Delaware limited partnership ("GA GenPar AC").
F5 The general partner of GA ALC is General Atlantic (SPV) GP, LLC, a Delaware limited liability company ("GA SPV"). GA SPV is the general partner of GA AIV Interholdco, GA AIV B Interholdco, GA AC and GA AC 2, GAPCO AIV and GA GenPar AC. The general partner of GAP Lux is General Atlantic GenPar (Lux) SCSp, a Luxembourg special limited partnership ("GA GenPar Lux") and the general partner of GA GenPar Lux is General Atlantic (Lux) S.a r.l., a Luxembourg company ("GA Lux"). The general partner of GAP Bermuda EU and the sole shareholder of GA Lux is General Atlantic GenPar (Bermuda), L.P., a Bermuda limited partnership ("GenPar Bermuda"). GAP (Bermuda) Limited ("GAP (Bermuda) Limited") is the general partner of GenPar Bermuda.
F6 The general partner of GAP 100, GAP AIV 1-A and GAP AIV 1-B is General Atlantic GenPar, L.P., a Delaware limited partnership ("GA GenPar"). General Atlantic LLC, a Delaware limited liability company ("GA LLC") is the general partner of GA GenPar and GAPCO CDA, the managing member of GAPCO III, GAPCO IV and GAPCO V, and the sole member of GA SPV. There are nine members of the management committee of GA LLC (the "GA Management Committee"). The members of the GA Management Committee are also the members of the management committee of GAP (Bermuda) Limited. Each of the members of the GA Management Committee disclaims ownership of the shares except to the extent he has a pecuniary interest therein.

Remarks:

GA ALC, GA AIV Interholdco, GA AIV B Interholdco, GA AC, GA AC 2, GA GenPar, GA GenPar AC, the GA Funds, GA Partners AIV, GAPCO AIV, GAP AIV 1-B, GAP AIV A-1, GA SPV, GA GenPar Lux, GA Lux, GenPar Bermuda, GAP (Bermuda) Limited, GA GenPar, and GA LLC may be deemed to be members of a "group" for the purposes of the Securities Exchange Act of 1934. Each reporting person disclaims beneficial ownership of any securities deemed to be owned by the group that are not directly owned by the reporting person. This report shall not be deemed an admission that the reporting persons are a member of a group or the beneficial owner of any securities not directly owned by the reporting person. // Form 1 of 3