Sandeep Sahai - 23 Sep 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
Issuer symbol: CWAN
Transactions as of: 23 Sep 2021
Net transactions value: $0
Form type: 3
Filing time: 23 Sep 2021, 21:16:30 UTC
Next filing: 30 Sep 2021
SEC: View on sec.gov

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)							23 Sep 2021	Class A Common Stock	64,905	$4.00	Direct	F1
holding	CWAN	Employee Stock Option (right to buy)							23 Sep 2021	Class A Common Stock	43,270	$4.00	Direct	F2
holding	CWAN	Employee Stock Option (right to buy)							23 Sep 2021	Class A Common Stock	1,539,293	$4.40	Direct	F3
holding	CWAN	Employee Stock Option (right to buy)							23 Sep 2021	Class A Common Stock	1,026,195	$4.40	Direct	F4
holding	CWAN	Employee Stock Option (right to buy)							23 Sep 2021	Class A Common Stock	402,707	$4.40	Direct	F5
holding	CWAN	Employee Stock Option (right to buy)							23 Sep 2021	Class A Common Stock	268,471	$4.40	Direct	F6
holding	CWAN	Employee Stock Option (right to buy)							23 Sep 2021	Class A Common Stock	1,350,000	$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