Subi Sethi - Jan 1, 2023 Form 4 Insider Report for Clearwater Analytics Holdings, Inc. (CWAN)

Role: Chief Client Officer
Signature: /s/ Alphonse Valbrune, as Attorney-in-Fact, for Subi Sethi
Stock symbol: CWAN
Transactions as of: Jan 1, 2023
Transactions value $: -$140,399
Form type: 4
Date filed: 1/4/2023, 04:19 PM
Previous filing: Nov 25, 2022
Next filing: Feb 22, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CWAN	Class A Common Stock	Options Exercise	$0	+17.6K		$0.00	17.6K	Jan 1, 2023	Direct
transaction	CWAN	Class A Common Stock	Tax liability	-$140K	-7.51K	-42.74%	$18.69	10.1K	Jan 1, 2023	Direct	F1

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	Restricted Stock Unit	Options Exercise	$0	-17.6K	-25%	$0.00	52.7K	Jan 1, 2023	Class A Common Stock	17.6K	$0.00	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The disposition reported on this Form 4 represents shares withheld to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units. The disposition is mandated by the Issuer and does not represent a discretionary transaction by the Reporting Person.
F2	The Restricted Stock Units shall vest in 25% installments on each of the first four (4) anniversaries of the Vesting Period Commencement Date, provided that Participant does not incur a Termination prior to the applicable. The Vesting Period Commencement Date began on 01-Jan-2022
F3	This represents the unvested portion of the RSUs granted on September 24, 2021 and does not include other RSUs with different vesting terms.