Joseph Morris Kochansky - 01 Jan 2023 Form 4 Insider Report for Clearwater Analytics Holdings, Inc. (CWAN)

Role: Officer
Signature: /s/ Alphonse Valbrune, as Attorney-in-Fact for Joseph Kochansky
Issuer symbol: CWAN
Transactions as of: 01 Jan 2023
Net transactions value: -$36,788
Form type: 4
Filing time: 04 Jan 2023, 16:21:09 UTC
Previous filing: 19 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CWAN	Class A Common Stock	Options Exercise	$0	+4,688	+8.3%	$0.000000	61,119	01 Jan 2023	Direct
transaction	CWAN	Class A Common Stock	Tax liability	$36,788	-1,962	-3.2%	$18.75	59,157	01 Jan 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	-4,688	-25%	$0.000000	14,062	01 Jan 2023	Class A Common Stock	4,688	$0.000000	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.