A remote pilot in command (PIC) is planning a small UAS inspection flight over a private industrial warehouse complex. The complex is secured by perimeter fencing, 'No Trespassing' signs, and on-site security personnel who control all entry points. During the flight, a small number of maintenance workers will be present inside the complex. Under 14 CFR part 107, which statement is MOST accurate regarding requirements for this operation over people?

A remote pilot in command (RPIC) plans to operate a small unmanned aircraft system over people attending an outdoor event at a fenced private venue. The RPIC has an agreement with the venue's security team to temporarily clear and restrict access to the specific area beneath the planned flight path during the operation. May the RPIC conduct this as a Category 4 operation?