James S. Cox - 15 Dec 2025 Form 4 Insider Report for Clearwater Analytics Holdings, Inc. (CWAN)

Signature
/s/ Alphonse Valbrune, as Attorney-in-Fact, for Jim Cox
Issuer symbol
CWAN
Transactions as of
15 Dec 2025
Net transactions value
-$380,357
Form type
4
Filing time
17 Dec 2025, 09:23:19 UTC
Previous filing
26 Nov 2025
Next filing
18 Dec 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Cox James S Chief Financial Officer C/O CLEARWATER ANALYTICS HOLDINGS, INC., 777 W. MAIN STREET, SUITE 900, BOISE /s/ Alphonse Valbrune, as Attorney-in-Fact, for Jim Cox 17 Dec 2025 0001441361

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CWAN Class A Common Stock Options Exercise $54,846 +12,465 +3.7% $4.40 346,448 15 Dec 2025 Direct
transaction CWAN Class A Common Stock Options Exercise $15,726 +3,574 +1% $4.40 350,022 15 Dec 2025 Direct
transaction CWAN Class A Common Stock Sale $103,936 -4,870 -1.4% $21.34 345,152 15 Dec 2025 Direct F1, F2
transaction CWAN Class A Common Stock Sale $30,741 -1,405 -0.41% $21.88 343,747 15 Dec 2025 Direct F1
transaction CWAN Class A Common Stock Tax liability $162,093 -7,595 -2.2% $21.34 336,152 15 Dec 2025 Direct F3
transaction CWAN Class A Common Stock Tax liability $47,458 -2,169 -0.65% $21.88 333,983 15 Dec 2025 Direct F3
transaction CWAN Class A Common Stock Sale $106,700 -5,000 -1.5% $21.34 328,983 15 Dec 2025 Direct F1, F4

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
transaction CWAN Stock Option (Right to Buy) Options Exercise $0 -12,465 -6.9% $0.000000 167,329 15 Dec 2025 Class A Common Stock 12,465 $4.40 Direct F5
transaction CWAN Stock Option (Right to Buy) Options Exercise $0 -3,574 -2.1% $0.000000 163,755 15 Dec 2025 Class A Common Stock 3,574 $4.40 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 11, 2024.
F2 This transaction was executed in multiple trades at prices ranging from $21.19 USD to $21.61 USD; the price reported reflects the weighted average sale price.
F3 The sale reported on this Form 4 includes shares withheld to cover tax withholding obligations in connection with the exercise and settlement of stock options. The sale is mandated by the Issuer and does not represent a discretionary transaction by the Reporting Person.
F4 This transaction was executed in multiple trades at prices ranging from $21.18 USD to $21.60 USD; the price reported reflects the weighted average sale price.
F5 Vests 297,000 share(s) on 02-Nov-2020, 180,000 share(s) on 21-Jan-2020, 105,750 share(s) on 05-Mar-2021, 105,750 share(s) on 01-Jan-2022, 105,750 share(s) on 01-Jan-2023, 105,750 share(s) on 01-Jan-2024