Clear Secure Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
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Item 9B. Other Information
Rule 10b5-1 Trading Plans
During the three months ended December 31, 2023, none of the Company’s directors or executive officers adopted orterminated any contract, instruction or written plan for the purchase or sale of Company securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any “non-Rule 10b5-1 trading arrangement.”
Executive Departure
On February 23, 2024, Richard Patterson, Jr., the Chief Information Security Officer of the Company, informed us of his intention to resign to pursue other opportunities. In order to retain Mr. Patterson until at least June 2024, the Company expects to provide Mr. Patterson with additional compensation up to $125,000 contingent upon his remaining employed until such time and other contingencies. Mr. Patterson’s decision to resign is not the result of any disagreement relating to the Company’s operations, policies or practices. The Company has initiated a search for his successor.
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