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  "documentTitle": "Clear Secure, Inc. (YOU)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2025-04-30 00:00:00",
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  "notes": "Red arrows indicate overlapping or sequential program start/end dates to imply aggressive selling behavior.",
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      "kind": "callout",
      "text": "We observe a recent increase of insiders enacting 10b5-1 stock sale programs. Notably the former CFO and Chief Accounting Officer have both enacted two programs that overlapped which we view as a more aggressive manner to sell shares. Chairman & CEO Becker also recently enacted a program. Furthermore, Mr. Cornick's Advisory Services Agreement provides him the ability to convert his Class B and D into A shares to facilitate more stock sales.",
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      "text": "We observe a recent increase of insiders enacting 10b5-1 stock sale programs. Notably the former CFO and Chief Accounting Officer have both enacted two programs that overlapped which we view as a more aggressive manner to sell shares.",
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      "text": "Source: CLEAR SEC filings, Advisory Services Agreement.",
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      "text": "10b5-1 Stock Sale Programs Reported 2023 - 2024",
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      "text": "Aggressive Insider Sales Programs",
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