Sandeep Sahai - Sep 23, 2021 Form 3 Insider Report for Clearwater Analytics Holdings, Inc. (CWAN)

Role
Chief Executive Officer, Director
Signature
/s/ Alphonse Valbrune, as Attorney-in-Fact, for Sandeep Sahai
Stock symbol
CWAN
Transactions as of
Sep 23, 2021
Transactions value $
$0
Form type
3
Date filed
9/23/2021, 09:16 PM
Next filing
Sep 30, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding CWAN Employee Stock Option (right to buy) Sep 23, 2021 Class A Common Stock 64.9K $4.00 Direct F1
holding CWAN Employee Stock Option (right to buy) Sep 23, 2021 Class A Common Stock 43.3K $4.00 Direct F2
holding CWAN Employee Stock Option (right to buy) Sep 23, 2021 Class A Common Stock 1.54M $4.40 Direct F3
holding CWAN Employee Stock Option (right to buy) Sep 23, 2021 Class A Common Stock 1.03M $4.40 Direct F4
holding CWAN Employee Stock Option (right to buy) Sep 23, 2021 Class A Common Stock 403K $4.40 Direct F5
holding CWAN Employee Stock Option (right to buy) Sep 23, 2021 Class A Common Stock 268K $4.40 Direct F6
holding CWAN Employee Stock Option (right to buy) Sep 23, 2021 Class A Common Stock 1.35M $12.40 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Of the amount reported, options to purchase 59,655 shares of Class A Common Stock are vested and become exercisable on November 23, 2021. The remaining options vest and become exercisable on January 1, 2022.
F2 Of the amount reported, options to purchase 39,770 shares of Class A Common Stock are vested and become exercisable on November 23, 2021. The remaining options vest and become exercisable on January 1, 2022.
F3 Of the amount reported, options to purchase 1,039,792 shares of Class A Common Stock are vested and become exercisable on November 23, 2021. The remaining options vest and become exercisable in two equal annual installments beginning on and including January 1, 2022.
F4 Of the amount reported, options to purchase 693,195 shares of Class A Common Stock are vested and become exercisable on November 23, 2021. The remaining options vest and become exercisable in two equal annual installments beginning on and including March 19, 2022.
F5 Of the amount reported, options to purchase 153,778 shares of Class A Common Stock are vested and become exercisable on November 23, 2021. The remaining options vest and become exercisable in four equal annual installments beginning on and including January 1, 2022.
F6 Of the amount reported, options to purchase 102,518 shares of Class A Common Stock are vested and become exercisable on November 23, 2021. The remaining options vest and become exercisable in four equal annual installments beginning on and including January 1, 2022.
F7 Of the amount reported, no options to purchase shares of Class A Common Stock are vested. The remaining options vest and become exercisable as follows: one installment reflecting 25% of the remaining options vests and becomes exercisable on January 1, 2022 and the remainder vests and becomes exercisable 1/48th in 36 equal monthly installments beginning on February 1, 2022.

Remarks:

Exhibit List - Exhibit 24.1 - Power of Attorney