YOU

Clear Secure, Inc.

Technology · $4.2B market cap

Share price

$41.55

close of Oct 3, 2026

Fair value

$19.97

Sticker Price

Payback Price

$7.99

buy price

Overpriced

YOU is Overpriced: at $41.55 it trades 108% above its fair value of $19.97. Its buy price (Payback Price) is $7.99, 81% below today's price. Business quality is solid: 3 of 5 key numbers clear the 10% bar.

How we valued it

Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.

Business quality

3 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth—?

Equity per share growth-18.6% a year✗

Sales growth32.0% a year✓

Free cash flow growth45.0% a year✓

Return on invested capital18.0%✓

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Superinvestors

1 of the investors we track holds YOU. In Q2 2026, 1 sold out. Who we track

Polen Capital Management

Polen Capital Management · as of Q2 2026

$7.3M

131,773 shares

Moves in Q2 2026

Sold out: Henry Ellenbogen

Insider activity

Since Jun 17, 2026: no open-market purchases, 39 sales worth $93.4M and 61 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Barkin Michael Z

President · 2026-09-03

Sold

$515K

Liu Dennis W.

Chief Accounting Officer · 2026-09-03

Sold

$94K

McLaughlin Kyle

EVP, Aviation · 2026-09-03

Sold

$200K

Seidman Becker Caryn

Chief Executive Officer · 2026-08-05

Sold

$4.4M

Seidman Becker Caryn

Chief Executive Officer · 2026-08-05

Sold

$13.1M

Show all 39 sales

Seidman Becker Caryn

Chief Executive Officer · 2026-08-05

Sold

$406K

Alclear Investments, LLC

director · 2026-08-05

Sold

$74K

Alclear Investments, LLC

director · 2026-08-05

Sold

$4.4M

Alclear Investments, LLC

director · 2026-08-05

Sold

$807K

Alclear Investments, LLC

director · 2026-08-05

Sold

$34K

Alclear Investments, LLC

director · 2026-08-05

Sold

$406K

Alclear Investments, LLC

director · 2026-08-05

Sold

$13.1M

Alclear Investments, LLC

director · 2026-08-05

Sold

$202K

Alclear Investments, LLC

director · 2026-08-05

Sold

$632K

Alclear Investments, LLC

director · 2026-08-05

Sold

$154K

Seidman Becker Caryn

Chief Executive Officer · 2026-08-05

Sold

$34K

Seidman Becker Caryn

Chief Executive Officer · 2026-08-05

Sold

$807K

Seidman Becker Caryn

Chief Executive Officer · 2026-08-05

Sold

$202K

Seidman Becker Caryn

Chief Executive Officer · 2026-08-05

Sold

$632K

Seidman Becker Caryn

Chief Executive Officer · 2026-08-05

Sold

$154K

Seidman Becker Caryn

Chief Executive Officer · 2026-08-05

Sold

$74K

Alclear Investments, LLC

director · 2026-07-15

Sold

$70K

Alclear Investments, LLC

director · 2026-07-15

Sold

$1.5M

Seidman Becker Caryn

Chief Executive Officer · 2026-07-15

Sold

$70K

Seidman Becker Caryn

Chief Executive Officer · 2026-07-15

Sold

$1.5M

Alclear Investments, LLC

director · 2026-07-14

Sold

$6.4M

Seidman Becker Caryn

Chief Executive Officer · 2026-07-14

Sold

$6.4M

Alclear Investments, LLC

director · 2026-07-13

Sold

$41K

Alclear Investments, LLC

director · 2026-07-13

Sold

$566K

Alclear Investments, LLC

director · 2026-07-13

Sold

$4.8M

Seidman Becker Caryn

Chief Executive Officer · 2026-07-13

Sold

$41K

Seidman Becker Caryn

Chief Executive Officer · 2026-07-13

Sold

$566K

Seidman Becker Caryn

Chief Executive Officer · 2026-07-13

Sold

$4.8M

Alclear Investments, LLC

director · 2026-06-25

Sold

$1.8M

Seidman Becker Caryn

Chief Executive Officer · 2026-06-25

Sold

$1.8M

Alclear Investments, LLC

director · 2026-06-24

Sold

$10.5M

Seidman Becker Caryn

Chief Executive Officer · 2026-06-24

Sold

$10.5M

Alclear Investments, LLC

director · 2026-06-23

Sold

$848K

Seidman Becker Caryn

Chief Executive Officer · 2026-06-23

Sold

$848K

Other filings

Liu Dennis W.

Chief Accounting Officer · 2026-09-01

Tax withholding

$170K

Liu Dennis W.

Chief Accounting Officer · 2026-09-01

Option exercise

10,969 shares

McLaughlin Kyle

EVP, Aviation · 2026-09-01

Tax withholding

$202K

McLaughlin Kyle

EVP, Aviation · 2026-09-01

Option exercise

9,192 shares

Seidman Becker Caryn

Chief Executive Officer · 2026-08-06

Award

323,904 shares

Show all 61 other filings

Seidman Becker Caryn

Chief Executive Officer · 2026-08-06

D-Return

323,904 shares

Seidman Becker Caryn

Chief Executive Officer · 2026-08-06

Option exercise

323,904 shares

Alclear Investments, LLC

director · 2026-08-06

Award

323,904 shares

Alclear Investments, LLC

director · 2026-08-06

Option exercise

323,904 shares

Alclear Investments, LLC

director · 2026-08-06

D-Return

323,904 shares

Scher Peter

director · 2026-08-01

Option exercise

5,636 shares

Scher Peter

director · 2026-08-01

Award

5,636 shares

Hsu Jennifer

Chief Financial Officer · 2026-08-01

Award

18,208 shares

O'Hare Robert

director · 2026-07-30

Award

8,751 shares

Alclear Investments, LLC

director · 2026-07-17

Award

28,603 shares

Alclear Investments, LLC

director · 2026-07-17

Option exercise

28,603 shares

Alclear Investments, LLC

director · 2026-07-17

D-Return

28,603 shares

Seidman Becker Caryn

Chief Executive Officer · 2026-07-17

Award

28,603 shares

Seidman Becker Caryn

Chief Executive Officer · 2026-07-17

Option exercise

28,603 shares

Seidman Becker Caryn

Chief Executive Officer · 2026-07-17

D-Return

28,603 shares

Alclear Investments, LLC

director · 2026-07-16

Option exercise

120,640 shares

Alclear Investments, LLC

director · 2026-07-16

D-Return

120,640 shares

Seidman Becker Caryn

Chief Executive Officer · 2026-07-16

Option exercise

120,640 shares

Seidman Becker Caryn

Chief Executive Officer · 2026-07-16

D-Return

120,640 shares

Alclear Investments, LLC

director · 2026-07-14

Award

100,757 shares

Alclear Investments, LLC

director · 2026-07-14

Option exercise

100,757 shares

Alclear Investments, LLC

director · 2026-07-14

D-Return

100,757 shares

Seidman Becker Caryn

Chief Executive Officer · 2026-07-14

Award

100,757 shares

Seidman Becker Caryn

Chief Executive Officer · 2026-07-14

Option exercise

100,757 shares

Seidman Becker Caryn

Chief Executive Officer · 2026-07-14

D-Return

100,757 shares

Alclear Investments, LLC

director · 2026-07-02

C-Conversion

151,787 shares

Alclear Investments, LLC

director · 2026-07-02

Tax withholding

$2.3M

Alclear Investments, LLC

director · 2026-07-02

Option exercise

76,192 shares

Alclear Investments, LLC

director · 2026-07-02

C-Conversion

18,380,246 shares

Seidman Becker Caryn

Chief Executive Officer · 2026-07-02

C-Conversion

151,787 shares

Seidman Becker Caryn

Chief Executive Officer · 2026-07-02

Tax withholding

$2.3M

Seidman Becker Caryn

Chief Executive Officer · 2026-07-02

Option exercise

76,192 shares

Seidman Becker Caryn

Chief Executive Officer · 2026-07-02

C-Conversion

18,380,246 shares

Hollister Kathryn A

director · 2026-06-30

Option exercise

530 shares

Alclear Investments, LLC

director · 2026-06-26

Award

34,309 shares

Alclear Investments, LLC

director · 2026-06-26

D-Return

34,309 shares

Seidman Becker Caryn

Chief Executive Officer · 2026-06-26

Award

34,309 shares

Seidman Becker Caryn

Chief Executive Officer · 2026-06-26

D-Return

34,309 shares

Seidman Becker Caryn

Chief Executive Officer · 2026-06-26

Option exercise

34,309 shares

Seidman Becker Caryn

Chief Executive Officer · 2026-06-26

Tax withholding

$24.5M

Seidman Becker Caryn

Chief Executive Officer · 2026-06-26

Option exercise

801,943 shares

Alclear Investments, LLC

director · 2026-06-25

Award

196,576 shares

Alclear Investments, LLC

director · 2026-06-25

D-Return

196,576 shares

Seidman Becker Caryn

Chief Executive Officer · 2026-06-25

Award

196,576 shares

Seidman Becker Caryn

Chief Executive Officer · 2026-06-25

D-Return

196,576 shares

Seidman Becker Caryn

Chief Executive Officer · 2026-06-25

Option exercise

196,576 shares

Alclear Investments, LLC

director · 2026-06-24

Award

15,962 shares

Alclear Investments, LLC

director · 2026-06-24

D-Return

15,962 shares

Seidman Becker Caryn

Chief Executive Officer · 2026-06-24

Award

15,962 shares

Seidman Becker Caryn

Chief Executive Officer · 2026-06-24

D-Return

15,962 shares

Seidman Becker Caryn

Chief Executive Officer · 2026-06-24

Option exercise

15,962 shares

Alclear Investments, LLC

director · 2026-06-17

Award

3,153 shares

Alclear Investments, LLC

director · 2026-06-17

D-Return

3,153 shares

Seidman Becker Caryn

Chief Executive Officer · 2026-06-17

Award

3,153 shares

Seidman Becker Caryn

Chief Executive Officer · 2026-06-17

Option exercise

3,153 shares

Seidman Becker Caryn

Chief Executive Officer · 2026-06-17

D-Return

3,153 shares

About Clear Secure, Inc.

Clear Secure, Inc. (YOU) operates within the United States, specializing in a secure, identity-verification platform primarily for its members. This sophisticated, multi-layered system handles identity enrollment, verification, and linking processes. Among its offerings is CLEAR Plus, a subscription service for air travelers designed to streamline airport security checks, providing members with more predictable and…

Software - Application

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works

Verdict

How we valued it

Business quality

Superinvestors

Insider activity

Sales

Other filings

About Clear Secure, Inc.