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

Role
President, Product and Technology Exhibit List - Exhibit 24.1 - Power of Attorney
Signature
/s/ Alphonse Valbrune, as Attorney-in-Fact, for Joseph Kochansky
Stock symbol
CWAN
Transactions as of
Sep 23, 2021
Transactions value $
$0
Form type
3
Date filed
9/23/2021, 09:24 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 Restricted Units Sep 23, 2021 CWAN Holdings LLC Interests 375K $0.00 Direct F1
holding CWAN Employee Stock Option (right to buy) Sep 23, 2021 Class A Common Stock 1.38M $14.28 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Theses shares represent restricted units which, upon vesting, will be settled in units of CWAN Holdings LLC Interests ("LLC Interests") and an equivalent number of noneconomic voting shares of Class B Common Stock. The reporting person will have the right to exchange his LLC Interests (together with the delivery for no consideration of an equal number of shares of Class B Common Stock) for an equal number of newly issued shares of Class A Common Stock, or, at the election of the Issuer, a cash payment equal to the 20-day volume weighted average price of shares of Class A Common Stock immediately prior to the applicable exchange date. The restricted units vest in four equal annual installments beginning on and including June 28, 2022.
F2 The reported securities are options which vest and become exercisable as follows: one installment reflecting 25% of the options vests and becomes exercisable on June 28, 2022 and the remainder vests and becomes exercisable 1/48th in 36 equal monthly installments beginning on July 28, 2022.

Remarks:

President, Product and Technology Exhibit List - Exhibit 24.1 - Power of Attorney