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

Role
President, Europe and Asia
Signature
/s/ Alphonse Valbrune, as Attorney-in-Fact, for Gayatri Raman
Stock symbol
CWAN
Transactions as of
Sep 23, 2021
Transactions value $
$0
Form type
3
Date filed
9/23/2021, 09:20 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 359K $4.40 Direct F1
holding CWAN Employee Stock Option (right to buy) Sep 23, 2021 Class A Common Stock 240K $4.40 Direct F2
holding CWAN Employee Stock Option (right to buy) Sep 23, 2021 Class A Common Stock 125K $12.40 Direct F3
* 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 118,215 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.
F2 Of the amount reported, options to purchase 78,810 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 March 16, 2022.
F3 The reported securities are options which vest and become exercisable as follows: one installment reflecting 25% of the 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