May 16, 2022

The stock price of Clear Secure Inc (NYSE: YOU) increased by 12.68% today. This is why. The stock price of Clear Secure Inc (NYSE: YOU) increased by 12.68% today. Investors responded positively to the company announcing that CLEAR’s Board of Directors has authorized a share repurchase program pursuant to which the company may purchase up to $100 million of its Class A Common Stock. Under the repurchase program, CLEAR may purchase shares of its Class A Common Stock on a discretionary basis from time to time through open market repurchases, privately negotiated transactions, or other means, including through Rule 10b5-1 trading plans. The timing and the actual number of shares repurchased will be determined by management depending on a variety of factors, including stock price, trading volume, market conditions, and other general business considerations. And the repurchase program has no expiration date and may be modified, suspended, or terminated at any time. Repurchases under this program will be funded from CLEAR’s existing cash and cash equivalents or future cash flow. As of March 31, 2022, CLEAR had $663 million in cash and cash equivalents, restricted cash, and marketable securities. KEY QUOTE: “As CLEAR owners, we are intensely focused on economic capital allocation to maximize long-term returns, including opportunistic share repurchases.”  — Caryn Seidman-Becker, CEO of CLEAR Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.